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The first piece of steel for the Stellantis and Samsung joint venture EV battery plant is raised earlier this year. Many believe the company will decide to have other work done at the Kokomo plants, even if it no longer needs transmissions or engines. A fraction of auto plant payThe Kokomo battery plant is still more than a year away from starting production. The battery plant workers are likely to start at half that, Quirk said. Even the top wage will be nearly 30% below top wage at a UAW plant today, let alone what it could be in the upcoming contract.
Persons: , , Gary Quirk, Quirk, epitomize, Stellantis —, Adam Nelson, Shawn Fain, Denny Butler, Chris Isidore, Todd Dunsmore, EVs, Philip Kline, Daniel Acker, Joe, Biden, Butler, , Kline, ” Quirk, it’s, won’t, that’s, Dunsmore, “ I’ve Organizations: Indiana CNN, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Big, , Motors, Ford, EV, Local, CNN Kokomo, Kokomo, EVs, Employees, Bloomberg, Getty, General Motors, GM, LG, Workers, aren’t Locations: Kokomo, Indiana, Kokomo , Indiana, Midwest, Indianapolis, South Bend, Stellantis, , , Ohio, North America
New York CNN —Shawn Fain is one of the most important people in the US economy today. United Auto Workers President Shawn Fain, middle, walks in the Labor Day parade in Detroit, Monday. Fain finished second in the first vote, with 38%, but only 600 votes behind Curry, or less than 1%. This time Fain edged out Curry by less than 500 votes. “The fact that Shawn Fain was the first popularly elected president is significant,” said Patrick Anderson, CEO of Anderson Economic Group, a Michigan research firm.
Persons: Shawn Fain, Fain, , , He’s, he’s, Ray Curry, Paul Sancya, Curry, Wheaton, ” Wheaton, it’s, Patrick Anderson, ” Fain, ’ Fain, Jim Cramer, CNN’s Jake Tapper, “ It’s, we’ve Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, Jeep, Dodge, Chrysler, Big, , UAW, Fiat Chrysler, Labor, Cornell University’s School of Industrial and Labor Relations, Anderson Economic Group, Bloomberg Locations: New York, Detroit, Kokomo , Indiana, Indiana, Buffalo, Wheaton, Michigan
Stellantis said the second U.S. battery plant will be the sixth to support the company's goals. "The second plant will accelerate our market penetration into the U.S.," Samsung SDI CEO Yoon-ho Choi said in the statement. In May 2022, Stellantis and Samsung SDI said they would invest more than $2.5 billion to build their first joint battery plant, to open in the first quarter of 2025 in Kokomo, Indiana. Stellantis is also building a joint-venture battery plant in Windsor, Ontario, in Canada with South Korea's LG Energy Solution (373220.KS). Samsung SDI shares extended gains after Monday's announcement, rising to as much as 4.1% versus a 0.8% increase in the benchmark KOSPI (.KS11).
Persons: Carlos Tavares, Stellantis, Ram, Alfa Romeo, Yoon, Choi, Ben Klayman, Heekyong Yang, Christopher Cushing Organizations: Samsung SDI, North, Peugeot, Jeep, Citroen, Opel, Samsung, South Korea's LG Energy, General Motors, United Auto Workers union, Stellantis, GM, Ford, Thomson Locations: Korean, U.S, Europe, Kokomo , Indiana, Indiana, Windsor , Ontario, Canada, Detroit, Seoul
New York CNN —Stellantis and Samsung SDI announced plans Monday for another EV battery plant joint venture to open in 2027. Four major EV battery plants have opened in recent years and 19 more are planned with Monday’s announcement, according to the UAW. An aerial view of the Stellantis and Samsung Battery Plant construction site in Kokomo, Indiana. Those talks will have to be focused on the wages and benefits for the current UAW members. By comparison, UAW members with top seniority at a Big Three factory get $32.32 an hour, plus an annual bonus and profit sharing.
Persons: New York CNN — Stellantis, Shawn Fain, Stellantis, BEV, Kent Nishimura, , it’s, Fain, He’s, , ” Stellantis Organizations: New, New York CNN, Samsung SDI, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, General Motors, Ford, UAW, don’t, GM, Fiat Chrysler, PSA Group, Peugeot, Opel, Vauxhall, Samsung Battery, Los Angeles Times, Samsung, Big, LG, SK, CNN, ICE Locations: New York, United States, Europe, Kokomo , Indiana, Warren Ohio, Korean, Kokomo
[1/3] A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. GM has outlined this year a total of $1.7 billion in investments in Flint facilities to support the next generation of its heavy duty pickups. GM said it will spend $579 million at its Flint Engine Operations to produce a sixth generation of its small block V-8 combustion engine. Another $103.5 million will be spent upgrading a separate Flint facility that supports truck production. GM expects to start bargaining with the United Auto Workers union for a new contract with a deadline of Sept. 14 to reach an agreement with it U.S. production workers.
Persons: Rebecca Cook, Ram, Mike Booth, Shawn Fain, Fain, Priyamvada, Shilpi Majumdar, David Gregorio Our Organizations: General Motors, REUTERS, General Motors Co, GM, Ford Motor, Detroit Three, United Auto Workers, Investment, UAW, Thomson Locations: Flint , Michigan, U.S, Flint, Kokomo , Indiana, Kokomo, Asia, Bengaluru
Koko Da Doll, who was featured in “Kokomo City,” a documentary about four Black transgender sex workers that won awards at the Sundance Film Festival this year, was fatally shot in Atlanta on Tuesday, the film’s director said. Koko Da Doll, 35, whose name was Rasheeda Williams, “was the latest victim of violence against Black transgender women,” the director, D. Smith, said in a statement. “I created ‘Kokomo City’ because I wanted to show the fun, humanized, natural side of Black trans women,” Ms. Smith said. “I wanted to create images that didn’t show the trauma or the statistics of murder of transgender lives. But here we are again.”The Atlanta Police Department said that it was actively investigating three violent crimes against transgender women this year — the fatal shooting on Tuesday, another fatal shooting on April 11 and a shooting that critically injured a female victim in January.
Companies Stellantis NV FollowMILAN, Feb 28 (Reuters) - Stellantis (STLAM.MI) said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in electric vehicles which the carmaker will assemble in North America. "With the investment, more than 265 jobs will be retained across all three plants," it said. Stellantis aims to have battery electric vehicles (BEV) account for 50% of its sales in the U.S. by 2030. Stellantis was created through the $52 billion merger of Fiat Chrysler and Peugeot maker PSA in 2021. Reporting by Giulio Piovaccari; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
"Orlando: My Political Biography", Preciado's playful debut film, explores the struggles of trans and binary people through Woolf's novel "Orlando". In its opening scene, two young non-binary people sit reading a book in the woods. I didn't want to go into that tradition, but I didn't want to go into the victim setting either," Preciado said of his film, which premiered at the Berlin Film Festival on Saturday. Woolf's 1928 novel tells the story of Orlando, a young Elizabethan-era nobleman, who one night turns into a woman living three-hundred years later. Preciado says Woolf's vision resonates in the contemporary West, where people are only now beginning to accept the notion of non-binary categories.
The Sundance Film Festival has long been known for premiering some of the most original — and ultimately the most award-winning — indie titles of the year. As the most notable international film festivals increasingly feature queer titles in their lineups, it’s no surprise that much of the exciting content premiering at this year’s Sundance Film Festival comes from LGBTQ filmmakers or features queer themes. The Premieres sectionAs usual, many of the year’s most high-profile films, including those from queer creators and featuring queer storylines, are coming out of the festival’s Premieres section. Courtesy of Sundance InstituteEnglert’s film will screen in the world cinema dramatic section alongside queer films “Girl,” from U.K. filmmaker Adura Onashile, and “Mamacruz,” from Spanish director Patricia Ortega. The list of LGBTQ creators and titles doesn’t end there, making this perhaps the most significant Sundance Film Festival for queer cinema yet.
In terms of big US labor contracts, however, this is just the opening act. And as with the rail unions, members are focused on staffing shortages and scheduling problems that they say have brought many employees to a breaking point. And soon after the Teamsters contract for UPS ground workers expires, contracts for UPS pilots and aircraft mechanics become amendable. That’s a major concern for unions whose members build engines and transmissions. But that settlement did not address the looming question of what a switch to EVs will mean for union workers going forward.
Aspiring titans filed more than 5 million business applications in 2021, according to data from the US Census Bureau. Starting a business in a pandemic or in uncertain economic times demands flexibility, agility, and originality. In July 2020, she launched Cafe Cà Phê in Kansas City, Missouri, and made six figures in sales in 2021, Insider verified with documentation. The couple booked nearly $4 million in revenue in 2021, Insider verified with documentation. "Identifying what activities you're doing day to day that raise your energy and recharge you, and what drains you."
Whether you're new to entrepreneurship or a seasoned founder, managing productivity is a key task. Business owners shared their productivity tips and how they structure their days for success. Whether they're scaling a startup, battling supply chain disruptions, or finding fame on social media, eight business owners showed Insider how they structure their days for success. Daniel Snow, 28, is the founder of two multimillion-dollar enterprises: the media organization RapTV and the marketing business The Snow Agency. Now, she owns The Slay Coach, which teaches business owners how to market their own consulting programs and digital courses.
Another week has come and gone, and you know what that means — it's time for your weekly dose of Insider Life. This week, we're bringing you an inside look at the executive exodus at Gwyneth Paltrow's Goop, sharing an exclusive interview with Patagonia's CEO, and telling you how to get your kid into one of LA's most prestigious preschools. Oh, before we get started, be sure to check out the Insider Crossword — we're publishing new puzzles every morning through October 8. Tadini took us along for a day on the job, starting with a 6 a.m. espresso and cigarette. PatagoniaRyan Gellert, Patagonia's new CEO, is struggling with a paradox: the company's good works, philanthropy, and intentions are still not enough to justify its existence.
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