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U.A.W. Expands Strike to G.M.’s Texas Plant
  + stars: | 2023-10-24 | by ( The New York Times | ) www.nytimes.com   time to read: +1 min
In another major expansion of its six-week long strikes at the three large U.S. automakers, the United Automobile Workers union on Tuesday told 5,000 workers at General Motors’ largest U.S. plant, in Arlington, Texas, to stop working. The union expanded the strike on the same day that G.M. On Monday, the union also struck at a Ram pickup truck plant, the largest U.S. factory operated by Stellantis. has also struck Ford Motor’s largest plant, in Louisville, Ky.“Another record quarter, another record year. As we’ve said for months: record profits equal record contracts,” the U.A.W.
Persons: Ford, we’ve, Shawn Fain, , ” G.M Organizations: U.S, United Automobile Workers, General Motors, U.S ., Stellantis Locations: Arlington , Texas, Louisville, Ky,
In a major escalation of its six-week strike at the three large U.S. automakers, the United Automobile Workers union on Monday told 6,800 workers at a large Ram pickup truck plant in Michigan to walk off the job. Union workers at the plant, which is owned by Stellantis, the parent of Ram, Chrysler and Jeep, in Sterling Heights, Mich., joined the strike on Monday morning. The walkout at the Ram plant is the first escalation in the strikes since the U.A.W. called 8,700 workers to leave their jobs at Ford Motor’s largest plant, in Louisville, Ky., on Oct. 11. That plant produces the Super Duty version of the company’s popular F-150 truck and the Ford Expedition, a full-size sport-utility vehicle.
Persons: Ram, “ Stellantis Organizations: U.S, United Automobile Workers, Stellantis, Chrysler, Jeep, Ford, Ford Expedition Locations: Michigan, Sterling Heights, Mich, United States, Ford Motor’s, Louisville, Ky
Green energy’s tailwinds blow the other way
  + stars: | 2023-09-22 | by ( Peter Thal Larsen | ) www.reuters.com   time to read: +7 min
Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. As relations with China deteriorate, the United States and Europe are increasingly concerned about the country’s grip on parts of the green energy supply chain. In recent roundtable discussions moderated by Breakingviews on both sides of the Atlantic, participants expressed optimism about the momentum of investment in green energy. The IRA has unleashed a green energy boom. The world can ill afford to relax its embrace of green power.
Persons: Rishi Sunak, , Joe Biden’s, Jared Cohen, Goldman Sachs, Breakingviews, carmaker Ford, Rishi Sunak’s, Pennsylvania’s Penn, George Hay, Sharon Lam, Aditya Sriwatsav Organizations: Britain's, Downing, Reuters, Global, International Energy Agency, International Renewable Energy Agency, Energy, Commission, Applied Innovation, Goldman, Amperex Technology, Companies, British, MIT’s Center for Energy, Environmental, Research, University, Pennsylvania’s, Thomson Locations: London, Ukraine, U.S, China, United States, Europe, People’s Republic, Vietnam, Mexico
Alphabet moonshots are ready for launch
  + stars: | 2023-08-29 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +4 min
Alphabet logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 29 (Reuters Breakingviews) - Alphabet (GOOGL.O) is poised to welcome the autumn harvest. Verily boss Stephen Gillett told employees this month that it will cut its ties to several of Alphabet’s services next year. Such a financial services business strays from Alphabet’s wheelhouse, and with artificial intelligence demanding fresh attention, it’s wise to be prudent about capital allocation. Waymo, the autonomous vehicle technology business, secured a vote of approval this month from San Francisco to operate driverless rideshares in the city.
Persons: Dado Ruvic, Ruth Porat, Morgan Stanley, , Stephen Gillett, wheelhouse, Chris Hohn’s, Ford, Porat, Verily, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: REUTERS, Reuters, Life Sciences, Wall Street Journal, Temasek, TCI Fund Investments, Google, Sciences, Wall, Thomson Locations: San Francisco
Automakers won’t go back to normal
  + stars: | 2023-01-04 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +3 min
NEW YORK, Jan 4 (Reuters Breakingviews) - For U.S. automakers, 2023 is all about trying to stay in their lane. That left 2021 at around 15 million sales; full-year 2022 sales are likely to come in at 13.7 million, according to Cox Automotive. But while supplies may return to normal, the industry might not follow suit. Automakers’ production may not return either, though. Some automakers may want a controlled exit from the pandemic – but getting everyone to play along is another matter.
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