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☆ Auto strikes sink US manufacturing output in October
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Manufacturing output fell 0.7% last month, the Federal Reserve said on Thursday. Excluding motor vehicles and parts, manufacturing production edged up 0.1%. Overall industrial production dropped 0.6% in October after edging up 0.1% in September. It is now eight-tenths of a percentage point below to its 1972–2022 average. The operating rate for the manufacturing sector slipped to 77.2% from 77.8% in the prior month and is one percentage point below its long-run average.

Persons: Rebecca Cook, Detroit's, Lucia Mutikani, Paul Simao Organizations: United Auto Workers, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Rights, UAW, Federal Reserve, Reuters, General Motors, Ford, Chrysler, Utilities, Thomson Locations: Wayne , Michigan, U.S

☆ Highlights of UAW deal with Ford
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

A United Auto Workers On Strike sign is seen outside the Ford Michigan Assembly Plant in Wayne, Michigan U.S. October 25, 2023. The following are issues highlighted by UAW leaders:* Ford will invest $8.1 billion in renovating factories and adding new models. * Raises of 33% or more for many workers over the life of the contract, including cost-of-living adjustments that push up wages in line with inflation. At the top end, workers will see an extra $70,000 in pay over the contract. * Lowest-paid temporary workers could see wages rise 150%* Pathway for battery and electric vehicle plants to come under the union agreement at commensurate pay rates.

Persons: Rebecca Cook, David Shepardson, Joseph White, Peter Henderson, Jamie Freed Organizations: United Auto Workers, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Ford Motor, UAW, Ford, Thomson Locations: Wayne , Michigan

It is not clear what derailed GM and the UAW's progress toward an agreement patterned after earlier deals at Ford and Chrysler-owner Stellantis (STLAM.MI). Pension costs and issues involving the use of temporary workers were among the points of contention at GM, sources said. GM said it was disappointed by the UAW decision to strike Spring Hill. Last month, UAW workers at Mack Truck's U.S. operations overwhelmingly rejected a deal recommended by Fain. In 2015, UAW members at what is now Stellantis voted down a contract endorsed by union leadership.

Persons: Shawn Fain, Rebecca Cook, Fain, management's, Stellantis, Joe White, David Shepardson, Lisa Shumaker Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Rights, Ford, General Motors, Chrysler, GM, UAW, Detroit, Saturday, Union, Mack, Reuters, Thomson Locations: Wayne , Michigan, U.S, Hill , Tennessee, Detroit, Taylor , Michigan, Mack Truck's, Stellantis, Washington

☆ VIEW Ford reaches tentative deal with striking UAW workers
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 25 (Reuters) - The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (F.N), the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES"It's a relief for investors that this UAW nightmare is now over for Ford. JOE BIDEN, U.S. PRESIDENT"I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight. GENERAL MOTORS STATEMENT"We are working constructively with the UAW to reach a tentative agreement as soon as possible." STELLANTIS STATEMENT"We remain committed to working toward a tentative agreement that gets everyone back to work as soon as possible."

Persons: Rebecca Cook, HARLEY SHAIKEN, DANIEL IVES, Farley, Ford, JOE BIDEN, JEFFREY SCHARF, SHAWN FAIN, Abhirup Roy, David Shepardson, Joe White, Peter Henderson, Christopher Cushing Organizations: Auto Worker, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, United Auto Workers, UAW, Ford Motor, UNIVERSITY OF, TIM, Ford, GM, U.S, Big, ACT, Thomson Locations: Wayne , Michigan, UNIVERSITY OF CALIFORNIA, BERKELEY, Detroit

☆ Ford lays off another 150 workers citing UAW strike
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. REUTERS/Dieu-Nalio Chery/File Photo Acquire Licensing RightsOct 18 (Reuters) - Ford Motor (F.N) said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed. Ford said the UAW's walkout last week at its Kentucky Truck Plant prompted the new layoffs at a Michigan axle plant. Another 16,600 Ford employees are on strike at three assembly plants, including Kentucky Truck, the company's largest plant worldwide. The targeted strike against the Detroit Three automakers Ford, General Motors (GM.N) and Chrysler-parent Stellantis (STLAM.MI) began on Sept. 15.

Persons: Nalio Chery, Ford, David Shepardson, Muralikumar Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, REUTERS, Ford, Plant, Kentucky, Detroit Three, General Motors, Chrysler, Thomson Locations: Wayne , Michigan, U.S, Dieu, Michigan

☆ The US economy is extremely fragile right now and could tip into a recession within months, according to a new model
▼ + stars: | 2023-10-05 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

A new Bloomberg model shows a better-than-50% chance a recession could begin this year. According to Anna Wong and Tom Orlik, two chief economists at Bloomberg Economics, the model works "fairly well" at matching previous calls of recession. AdvertisementAdvertisementAccording to the model, the US could declare a recession in 2024 following a possible economic dip in the last months of 2023. Other factors not out of the woodsAnd then there are the maybes: the United Auto Workers strike and a potential government shutdown. If the model is correct, there is already a good chance a recession may hit.

Persons: —, Anna Wong, Tom Orlik, Mario Tama, Taylor Swift, Jeff Kravitz, Debbie Downer, Paul Sancya, Kevin McCarthy, It'll Organizations: Bloomberg, Service, National Bureau of Economic Research, Bloomberg Economics, San Francisco Fed, United Auto Workers, Victoria Hall, Ford Michigan Assembly Plant, GM, Ford, AP Locations: Santa Clara , California, Wayne, Mich

[1/2]Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. The union escalated on Sept. 22, when workers walked off the job at GM and Stellantis distribution facilities in 20 states nationwide. UAW workers also are threatening to walk off the job at heavy truck maker Mack Trucks on Sunday, and at three Detroit casinos. A UAW strike has shut down a plant that builds axles for Mercedes-Benz's Alabama vehicle factory.

Persons: Shawn Fain, Fain, Stellantis, Mary Barra, Jim Farley, Farley, Joe Biden, Barra, Sam Fiorani, Ford, Nalio Chery, Arthur Wheaton, Mack Trucks, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Bianca Flowers, Shivansh, Abhijith G, Peter Henderson, Nick Zieminski, David Gregorio, Jonathan Oatis Organizations: UAW, Lansing , Michigan Ford, GM, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Ford Michigan Assembly Plant, REUTERS, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, Barra, Detroit, Wayne , Michigan, U.S, Dieu, Lansing, Michigan, Marshall , Michigan, Alabama

Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Striking auto workers say they would like to see more support from elected officials as they push to get companies to share more of the profits. Republicans believe Biden's push to electrify America's vehicle fleet, by pumping billions of dollars of tax rebates into EV manufacturing, is unpopular with auto workers. In Michigan, Trump will criticize Biden's economic policies and incentives promoting EVs and say he would do a better job of protecting blue-collar workers if elected to a second term, Miller added. Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Nalio Chery, Joe Biden, Donald Trump, Biden, Shawn Fain, Fain, Dave Urban, Brandon Cappelletty, Trump, Robert Bruno, Ronald Reagan, Jason Miller, Miller, Karen Finney, Finney, Theodore Roosevelt, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Jamie Freed Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, REUTERS, Rights, Republican, Biden, Trump, General Motors, Ford, Chrysler, University of Illinois, Michigan, EV, Democratic, White House, Thomson Locations: Wayne , Michigan, U.S, Dieu, Michigan, Wayne County , Michigan, Detroit, Toledo , Ohio, Pennsylvania, Wisconsin, Biden's Michigan, Kansas City

New York CNN —The United Auto Workers union is expanding its strike against GM and Stellantis but said that progress in negotiations with Ford means it won’t expand the number of Ford workers on the picket lines. “At noon Eastern today, all parts distributions centers at General Motors and Stellantis will be on strike,” he said. Still the announcement of progress at Ford raised hopes that the strike, at least at there, could be brought to a relatively quick end. But the UAW’s expanded strike is now targeting the parts distribution centers for GM and Stellantis. As of 10:30 am ET, Stellantis (STLA) is up 0.98%; Ford (F) is up 3.57%; and GM (GM) is up 0.7%.

Persons: Shawn Fain, ”, “, Fain, “ Ford, ” Ford, Ford, Bill Pugliano, ” Shawn Fain, Tesla Organizations: New, New York CNN, United Auto Workers, GM, Ford, UAW, General Motors, Ford Michigan Assembly Plant, Stellantis, Jeep, Dodge, Chrysler, Big, Facebook, UAW International Union Locations: New York, Wayne , Michigan, Wentzville , Missouri, Toledo –, North America, Virginia, California, America, Auburn Hills , Michigan

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Sept 21 (Reuters) - Americans broadly back striking workers in the auto industry and Hollywood, according to a two-day Reuters/Ipsos poll completed on Wednesday that found significant support among both Democrats and Republicans. Some 72% of self-identified Democrats said they backed the auto workers strike and 79% said they supported the Hollywood strike. The poll found that 48% of Republicans backed the auto workers strike, while 47% opposed it. Other candidates like Nikki Haley and Tim Scott have said the auto workers are asking for too much. Two-thirds said pay for CEOs and workers should go up equally -- a central talking point of the UAW strike.

Persons: Rebecca Cook, Donald Trump, Nikki Haley, Tim Scott, Joe Biden, Andy Sullivan, Scott Malone, Deepa Babington Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Rights, Hollywood, Republicans, Ford Motor, General Motors, Chrysler, Democratic, Trump, Edison Research, Thomson Locations: Toledo , Ohio, Wayne , Michigan, United States

☆ UAW and automakers GM, Ford and Stellantis try to reach deal before strike widens
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Striking United Auto Workers walk the picket line outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S. September 17, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsSept 18 (Reuters) - The United Auto Workers strike against the Detroit Three automakers enters its fourth day on Monday as both sides try to hammer out deals to avoid costly disruptions to more plants. Sample HTML blockAbout 12,700 UAW workers are on strike as part of a coordinated labor action targeting three U.S. assembly plants - one at each of the Detroit Three automakers after the prior four-year labor agreements expired. The strikes have halted production at three plants in Michigan, Ohio and Missouri that produce the Ford Bronco, Jeep Wrangler and Chevrolet Colorado, along with other popular models. Besides higher wages, the UAW is also demanding shorter work weeks, restoration of defined benefit pensions and stronger job security as automakers make the shift to electric vehicles.

Persons: Rebecca Cook, Shawn Fain, Stellantis's Ram, David Shepardson, Ben Klayman, Deepa Babington Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Detroit Three, Union, General Motors, Ford, UAW, Ford Bronco, Chevrolet, GM's, Silverado, Reuters, Thomson Locations: Wayne , Michigan, U.S, Michigan , Ohio, Missouri, Chevrolet Colorado

☆ Autoworkers strike against Detroit Three enters third day
▼ + stars: | 2023-09-17 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

United Auto Workers members hold up strike signs across from the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 17 (Reuters) - The United Auto Workers strike against the Detroit Three automakers is set to enter its third day Sunday with no immediate resolution on the horizon. About 12,700 UAW workers remain on strike as part of a coordinated labor action targeting three U.S. assembly plants - one at each of the Detroit Three automakers after the prior four-year labor agreements expired at 11:59 p.m. Stellantis said main bargaining talks are to resume Monday, while some subcommittee negotiations are set for Sunday at General Motors. "The truth is UAW leadership ignored Belvidere in favor of a strike," the company said.

Persons: Rebecca Cook, Stellantis, Shawn Fain, Mark Stewart, Ford, David Shepardson, Kim Coghill Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Detroit Three, Ford, Chrysler, . Union, General Motors, UAW, Sunday, GM, North American, Ford Bronco, Chevrolet, Thomson Locations: Wayne , Michigan, U.S, Belvidere , Illinois, Belvidere, Illinois, Michigan , Ohio, Missouri, Chevrolet Colorado, Michigan, Kansas, GM Missouri

☆ Live updates: United Auto Workers, UAW, go on strike against GM, Ford and Stellantis
▼ + stars: | 2023-09-16 | by ( Robert Ilich | ) edition.cnn.com time to read: +3 min

Striking United Auto Worker Diana Osborne holds a strike sign outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S. September 15, 2023. GM CEO Mary Barra sent a letter to employees Thursday saying the company’s latest offer now includes a 20% raise, with an immediate 10% pay hike. The lower-paid temporary employees would get $20 an hour, which represents at 20% raise from current $16.67 an hour they receive. Anger is mounting with Stellantis:Stellantis is making greater use of lower-paid temporary workers than the other automakers. Eliminating or at least limiting use of temporary workers is a major issue for the union.

Persons: Worker Diana Osborne, Rebecca Cook, Shawn Fain, Mary Barra, Jim Farley, Farley, Wheaton, Stellantis Organizations: United, Worker, Ford Michigan Assembly Plant, Reuters, United Auto Workers, UAW, General Motors, Ford, Jeep, Dodge, Chrysler, North America, Workers, GM, CNN, Cornell University’s Industrial, Labor Relations Locations: Wayne , Michigan, U.S, Wentzville , Missouri, Toledo , Ohio, Ford, Buffalo .

The truth is we are going to wreck the billionaire economy," said UAW President Shawn Fain. UAW vice president Chuck Browning, who is leading talks with Ford, told a rally of hundreds of UAW workers in downtown Detroit on Friday afternoon that recent talks have made "good progress, but we have far to go." Striking workers said "tier two" employees can make only half the hourly wages of senior UAW workers and get worse benefits. GM said on Thursday the UAW wage and benefits proposals would cost the automaker $100 billion, but did not elaborate. Biden's likely opponent, former president Donald Trump, on Friday criticized the shift to EVs as a job-killer for the UAW.

Persons: Ford, We’re, Shawn Fain, Chuck Browning, Joe Biden, Bruce Baumhower, Rebecca Cook, Arthur Wheaton, Jim Farley, Mary Barra, Bernie Sanders, “, Sofus Nielsen, Biden, Julie Su, Gene Sperling, White, Stellantis, Fain, Biden's, Donald Trump, Joseph White, Kevin Krolicki, David Shepardson, Steve Holland, Mehr Bedi, David Gaffen, Peter Henderson, Matthew Lewis, Chris Reese Organizations: DETROIT, United Auto Workers, General Motors, Ford Motor, Chrysler, Ford Bronco, Chevrolet, UAW, Ford, Detroit, Ford Michigan Assembly Plant, REUTERS, Cornell's School of Industrial, Labor, CBS, Reuters Graphics, Tesla, GM, Thomson Locations: Chevrolet Colorado, Kansas, Detroit, Toledo , Ohio, Wayne , Michigan, Barra, Wayne, Milan, Washington, Bengaluru

☆ Live updates: United Auto Workers go on strike against GM, Ford and Stellantis
▼ + stars: | 2023-09-15 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +1 min

United Auto Workers hold up strike signs right across from the Ford Michigan Assembly Plant in Wayne, Michigan, on September 15. Rebecca Cook/ReutersUAW President Shawn Fain admits the union’s demands are “ambitious” but he insists they’re justified, given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands. Pensions and inflation adjustmentsThe UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. Job protections and benefitsThe union demands limits on the use of temporary workers and forced overtime.

Persons: Rebecca Cook, Shawn Fain, they’re, EVs Fain Organizations: United Auto Workers, Ford Michigan Assembly Plant, Reuters UAW, Ford, GM, Pensions, UAW, Workers Locations: Wayne , Michigan

☆ Here Are the Plants Where U.A.W. Strikes Are Happening
▼ + stars: | 2023-09-15 | by ( Lazaro Gamio | Eli Murray | ) www.nytimes.com time to read: +2 min

Here Are the Plants Where U.A.W. Strikes Are HappeningWentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Wentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Ala. Alaska Ariz. Ark. The three plants represent only a small portion of the unionized factories of G.M., Ford and Stellantis across the United States, and less than 10 percent of those companies’ 150,000 U.A.W. Company Plant Workers Ford Michigan Assembly Plant Wayne, MI 3,300 Stellantis Toledo Assembly Complex Toledo, OH 5,800 GM Wentzville Assembly Plant Wentzville, MO 3,600 Sources: Company websites (plant locations); U.A.W. The strikes are affecting plants owned by each of the three U.S. automakers — a change in tactics from previous U.A.W.

Persons: Iowa Kan Organizations: Plant, Hawaii Idaho Ill, N.D . Ohio Okla, New York Times, United Automobile Workers, Detroit, —, Motors, Ford Motor, Chrysler —, Ford, Company Plant Workers Ford, Company Plant Workers Ford Michigan Assembly Plant, Wentzville Locations: Michigan, Toledo, Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Midwest, G.M, United States, Company Plant Workers Ford Michigan, Company Plant Workers Ford Michigan Assembly Plant Wayne, MI

☆ UAW strike brings blue-collar vs. billionaire battle to Detroit
▼ + stars: | 2023-09-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

In this article STLAGMF Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. Fain, a quirky yet emboldened leader, has meticulously brought the UAW back into the national spotlight after decades of near irrelevance. He wants to represent not just union members but also America's embattled middle class, which UAW helped create. United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, September 15, 2023. Such profits are exactly what Fain has said UAW members deserve to share in.

Persons: Shawn Fain, Fain, Rebecca Cook, Joe Biden, Biden, We've, Ford, Jim Farley, CNBC's Phil LeBeau, he's, Mary Barra, Stellantis, bargainers, Sen, Bernie Sanders, Sanders, Bob King, I've, it's, Anthony Dobbins, Dobbins, That's, Michael Wayland, Farley, Barra Organizations: DETROIT, United Auto Workers, Motor, UAW, Ford Michigan Assembly Plant, Reuters, Ford Bronco, UAW GM, Chrysler, National, General Motors, Ford Motor, Plant, Michigan Assembly Plant's, National Labor Relations Board, GM, Ford, CNBC, Democratic, UAW Local Locations: Motor City, irrelevance, Wayne , Michigan, Ford, Michigan, Vermont

☆ Hundreds gather at Ford plant in Michigan as auto workers begin historic strike
▼ + stars: | 2023-09-15 | by ( Eric Cox | ) www.reuters.com time to read: +2 min

[1/3] United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsWAYNE, Michigan, Sept 15 (Reuters) - Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford (F.N) assembly plant in Wayne, Michigan as members of the United Auto Workers (UAW) union walked off the job to begin a historic strike. "This is what union looks like," said Mike Lester, a supporter who works at a supplier to the major automakers. But UAW President Shawn Fain has said Ford could have funded better pay and benefits for workers if it curtailed stock buybacks and dividends to shareholders. As the strike began, Fain and Debbie Dingell, a Democratic U.S. representative from Michigan, were among the high-profile visitors to Ford's Wayne plant, where about 3,300 UAW members assemble popular Bronco SUVs and Ranger pickup trucks.

Persons: Shawn Fain, Rebecca Cook, Mike Lester, Ford, Jim Farley, Fain, Debbie Dingell, Ford's Wayne, Dingell, Eric Cox, Jamie Freed, Clarence Fernandez Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, UAW, General Motors, Chrysler, Ford, Democratic, Thomson Locations: Wayne , Michigan, U.S, WAYNE , Michigan, Democratic U.S, Michigan, Ford's

[1/3] United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. But UAW President Fain has said Ford could have funded better pay and benefits for workers if it curtailed stock buybacks and dividends to shareholders. Full-time Ford employee Robert Murphy, 53, said he was bothered that some workers get half the pay of others doing similar jobs. The strike is ambitious in taking on three automakers at once, but strategic in that keeping most factories running preserves workers' strike fund. Shortly after, one supporter of plant workers, a 38-year GM veteran who declined to give his name, said he did not think the industrial action would stop until the automakers gave into the union demands.

Persons: Shawn Fain, Rebecca Cook, Eric Mullins, Jim Farley, Ford, Fain, Robert Murphy, Murphy, ” Murphy, Eric Cox, Kevin Krolicki, Jamie Freed, Peter Henderson, Clarence Fernandez, Nick Zieminski Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Chrysler, Ford’s, Plant, UAW, Ford, Thomson Locations: Wayne , Michigan, U.S, WAYNE , Michigan, Detroit

☆ UAW Strike: How It Looks on the Picket Line
▼ + stars: | 2023-09-15 | by ( Domonique Hicks | Wsj Staff | ) www.wsj.com time to read: 1 min

“I'm willing to stay out here for as long as I have to,” said Melissa Lucas, 38, who works at the Ford Michigan Assembly Plant. “These are all my people. I come to work with them every single day, and we work together as a team. I can't do my job without them.”Sylvia Jarrus for The Wall Street Journal

Persons: “ I'm, ”, Melissa Lucas, ” Sylvia Jarrus Organizations: Ford Michigan Assembly, Wall Street

☆ Morning Bid: Autoworkers' walkout to test resilience of US economy
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Brighter data from China meanwhile has helped lift sentiment across global markets, except for China, heading into the weekend. While Japan's Nikkei (.N225) rose 1% and European shares opened higher (.STOXX), China shares reversed earlier gains (.CSI300). European markets continued to cheer the likely end of the European Central Bank's rate hiking cycle. And even if the ECB suggested rates would stay higher for longer, markets are already looking past that to rate cuts as economic growth weakens. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Eric Cox, Nick Macfie Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Ford, Chrysler, United, Workers, Japan's Nikkei, European, ECB, SoftBank's Arm Holdings, Nasdaq, Reuters Graphics Reuters, Uni of Michigan, Thomson, Reuters Locations: Wayne , Michigan, U.S, Australia, China

☆ Deaths haunt Corporate America via labor strikes
▼ + stars: | 2023-09-15 | by ( Ben Winck | ) www.reuters.com time to read: +5 min

United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. Manufacturing plants in Wentzville, Missouri, Wayne, Michigan and Toledo, Ohio will be empty as Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI) try to reach an agreement with the United Auto Workers collective bargaining committee. Deaths among the demographic that make up the workforce in the transportation sector are partly putting pressure on the problem. Follow @BenWinck on XCONTEXT NEWSThe United Auto Workers union started simultaneous strikes at Ford, General Motors and Stellantis on Sept. 15 after last-minute labor negotiations failed to result in a deal. Pilots organized with the Air Line Pilots Association rejected a tentative labor deal with Fedex on July 24.

Persons: Shawn Fain, Rebecca Cook, they’re, Alan Krueger, walkouts, it’s, “, Darren Hawkins, Sean O’Brien, Lauren Silva Laughlin, Sharon Lam Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Rights, Reuters, Ford, General Motors, Bureau of Labor Statistics, White, Richmond Federal Reserve, Reuters Graphics Reuters, United Airlines, Sensible, Pilots, Air Line Pilots Association, Fedex, Delta Air Lines, International Brotherhood of Teamsters, of Labor Statistics, Thomson Locations: Wayne , Michigan, U.S, Wentzville , Missouri, Toledo , Ohio

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