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UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalSix weeks into United Auto Workers’ strike, the impacts of the work stoppages are rippling through the car business, causing pain for the automakers themselves, as well as parts makers and factory workers. One corner of the industry that has been largely spared: dealerships and consumers, due in part to an inventory buildup of both cars and parts before the strikes.
Persons: George Downs Organizations: Street, United Auto Workers
The rise of SpaceX as the dominant force for U.S. rocket launches has meant that NASA’s role is now evolving. To find out what this means for the future of the space agency, WSJ’s George Downs sat down with NASA Deputy Administrator Pam Melroy. Photo Illustration: George DownsPARIS—SpaceX has signed a deal to launch up to four of Europe’s flagship navigation satellites into orbit, reinforcing the Elon Musk-led company’s growing foothold in the region as local rivals struggle to get rockets off the ground. SpaceX and the European Space Agency recently signed an agreement for two launches next year, each carrying two Galileo satellites, said Javier Benedicto, the agency’s director of navigation. The European Commission, the European Union’s executive arm, along with EU member states, must still give final approval for the deal.
Persons: George Downs, Pam Melroy, George, Javier Benedicto Organizations: SpaceX, U.S ., George Downs, Elon, European Space Agency, European Commission Locations: U.S
UAW Strike Expands to Stellantis’s Largest U.S. Factory
  + stars: | 2023-10-23 | by ( Ryan Felton | ) www.wsj.com   time to read: 1 min
UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalThe United Auto Workers on Monday expanded its continuing strike against Detroit’s car companies by shutting down a pickup-truck plant, a surprise action that hit Chrysler-parent Stellantis ’s largest U.S. factory. The 6,800-worker plant, located in Sterling Heights, Mich., in suburban Detroit, makes the Ram 1500 pickup truck, among the automaker’s most profitable vehicles. The walkout brings the total number of UAW-represented on strike at the Detroit automakers, including Ford Motor and General Motors , to more than 40,000, the UAW said.
Persons: George Downs Organizations: Street, United Auto Workers, Chrysler, U.S ., UAW, Detroit, Ford Motor, General Motors Locations: Sterling Heights, Mich, Detroit
Tesla Hits the Brakes on EVs, but Not on AI
  + stars: | 2023-10-19 | by ( Stephen Wilmot | ) www.wsj.com   time to read: +1 min
UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalAfter years of growing at breakneck speed, Tesla seems to be slowing down. This is sensible, but investors haven’t bestowed a $867 billion market value on the company because they like common sense. And he bemoaned the impact of higher interest rates on vehicle affordability, which implies that Tesla is struggling to shift inventories despite this year’s price cuts.
Persons: George Downs, Tesla, haven’t, Elon Musk
Tesla Is Hitting the Brakes on Everything but AI
  + stars: | 2023-10-19 | by ( Stephen Wilmot | ) www.wsj.com   time to read: +1 min
UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalAfter years of growing at breakneck speed, Tesla seems to be slowing down. This is sensible, but investors haven’t bestowed a $867 billion market value on the company because they like common sense. And he bemoaned the impact of higher interest rates on vehicle affordability, which implies that Tesla is struggling to shift inventories despite this year’s price cuts.
Persons: George Downs, Tesla, haven’t, Elon Musk
How Goldman Sachs Fumbled Its Consumer Business
  + stars: | 2023-10-16 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
While Missiles Fly, Flights Land: How Israel’s Airport Stays Open Despite being so close to a war zone, Israel's Ben Gurion Airport remains open. WSJ’s George Downs speaks with experts about the risks and explores the tactics Israel is deploying to continue to allow planes to take off and land in the country. Photo Composite: George Downs/ The Wall Street Journal
Persons: Israel's Ben, George Downs Organizations: Street Locations: Israel's Ben Gurion, Israel
How Jordan and Scalise Offer Different Paths for House Republicans Ohio’s Jim Jordan and Louisiana’s Steve Scalise are vying to be the next Speaker of the House. WSJ explains how the two became the frontrunners and how they’re pitching themselves to House Republicans. Illustration: Madeline Marshall
Persons: Jordan, House Republicans Ohio’s Jim Jordan, Steve Scalise, Madeline Marshall Organizations: House Republicans
Despite being close to a war zone, Israel's Ben Gurion Airport remains open. WSJ’s George Downs speaks with experts about the risks and explores the tactics Israel is using to continue to allow planes to take off and land in the country. Photo composite: George Downs/The Wall Street Journal
Persons: Israel's Ben, George Downs Organizations: Street Locations: Israel's Ben Gurion, Israel
High UAW Wages Shrink Detroit’s Room to Maneuver
  + stars: | 2023-10-11 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalEven before the raise they are striking for, Detroit’s unionized auto workers are probably the best paid in the world after factoring in benefits such as healthcare. Their employers can afford it for now, but high labor costs box them in strategically.
Persons: George Downs
Rep. Steve Scalise Wins GOP Nomination for Speaker
  + stars: | 2023-10-11 | by ( ) www.wsj.com   time to read: 1 min
How America’s EV Ambitions Could Affect the Future of the UAWUAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: UAW UAW, Street
How America’s EV Ambitions Could Affect the Future of the UAWUAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: UAW UAW, Street
How America’s EV Ambitions Could Affect the Future of the UAWUAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: UAW UAW, Street
Why Cities Like New York Are Adopting Congestion Tolls New Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Biden Condemns Hamas Attack on Israel, Pledges Support
  + stars: | 2023-10-10 | by ( ) www.wsj.com   time to read: 1 min
How America’s EV Ambitions Could Affect the Future of the UAWUAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: UAW UAW, Street
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Trump Skips Second GOP Debate, Holds Michigan Rally
  + stars: | 2023-09-27 | by ( ) www.wsj.com   time to read: 1 min
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Watch: GOP Presidential Hopefuls Spar in Second Debate
  + stars: | 2023-09-27 | by ( ) www.wsj.com   time to read: 1 min
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Hollywood Writers Reach Tentative Deal With Studios to End Strike
  + stars: | 2023-09-25 | by ( ) www.wsj.com   time to read: 1 min
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
UAW Expands Strike at GM, Stellantis Sites but Spares Ford
  + stars: | 2023-09-22 | by ( ) www.wsj.com   time to read: 1 min
Why Cities Like New York Are Adopting Congestion TollsNew Yorkers lose an average of 117 hours a year in traffic according to the MTA. Now, New York City is turning to congestion tolls to help unclog its roads. WSJ’s George Downs explores if these tolls actually reduce traffic and whether other U.S. cities will adopt them. Illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: MTA, Street Locations: New, , New York City
How the Rise of SpaceX Is Reshaping NASA The rise of SpaceX as the dominant force for U.S. rocket launches has meant that NASA’s role is now evolving. To find out what this means for the future of the space agency, WSJ’s George Downs sat down with NASA Deputy Administrator Pam Melroy. Photo Illustration: George Downs
Persons: George Downs, Pam Melroy Organizations: SpaceX, U.S . Locations: U.S
Prigozhin Is Dead: A Timeline of the Wagner Boss Since His Failed Mutiny The final two months of Wagner Group leader Yevgeny Prigozhin’s life were full of speculation about his whereabouts and status. We break down what happened between his failed mutiny and his death in a Russian plane crash. Photo illustration: Ryan Trefes
Persons: Wagner, Yevgeny Prigozhin’s, Ryan Trefes Organizations: Wagner Group Locations: Russian
[1/2] A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. A lawyer for BNY Mellon also declined to comment. They have long said their contracts shielded them from liability for RMBS losses, and that particularly sophisticated investors should have known the risks. In its December 2015 complaint, Commerzbank accused BNY Mellon of sitting "idly" as losses piled up, rather than force lenders to buy back and servicers to address troubled loans. The case is Commerzbank AG v. The Bank of New York Mellon et al, U.S. District Court, Southern District of New York, No.
Persons: Brendan McDermid, Germany's, George Daniels, Commerzbank's, Dave Wollmuth, BNY Mellon, Commerzbank, Daniels, The Bank of New York Mellon, Jonathan Stempel, Grant McCool Organizations: REUTERS, Bank of New York Mellon, District, BNY Mellon, Countrywide, NovaStar, BNY, New York, CDO, Commerzbank, The Bank of New York, Court, Southern District of, Thomson Locations: New, U.S, Manhattan, Barrington, Southern District, Southern District of New York, New York
How the Rise of SpaceX Is Reshaping NASA
  + stars: | 2023-08-18 | by ( George Downs | ) www.wsj.com   time to read: 1 min
How Hypersonic Flight Could Transform Transatlantic Flights Startups like Destinus and Hermeus have ambitions to ferry passengers hypersonically through the stratosphere at 5 times the speed of sound, allowing you to travel from Sydney to Frankfurt in 4 hours as opposed to 20. Photo illustration: George Downs/The Wall Street Journal
Persons: George Downs Organizations: Transatlantic, Street Locations: Sydney, Frankfurt
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