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Search resuls for: "Motor Equipment Manufacturers Association"


2 mentions found


UAW President Shawn Fain plans to update the union's 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, a person briefed on the union's plans said. In addition to Ford, talks with Chrysler parent Stellantis (STLAM.MI) and other automakers and the UAW have been active in recent days, sources said. Ford Chief Financial Officer John Lawler said Friday the automaker's retirement offer would assure UAW workers could retire with $1 million in savings. The targeted strike against the Detroit Three automakers began on Sept. 15 and is now in its 20th day. Rival Ford Motor (F.N) secured a $4 billion line of credit in August, ahead of the Sept. 14 UAW contract expiration.
Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, John Lawler, Paul Jacobson, JP Morgan, Joe White, David Shepardson, Mark Porter, Nick Zieminski, Matthew Lewis, Anna Driver Organizations: General Motors, REUTERS, Rights, United Auto Workers, Ford, Detroit Three, Wednesday, UAW, Chrysler, Detroit automakers, GM, CNBC, Citibank, Chevrolet, GMC, GMC Yukon, Cadillac, Motor Equipment Manufacturers Association, Thomson Locations: Detroit , Michigan, U.S, Wentzville , Missouri, Kansas, Ohio, Indiana, Detroit
A General Motors assembly worker pickets outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., October 10, 2019. Aid for suppliers has been discussed "since the minute it became clear there could be a strike" but those talks are "premature and fluid," the source said. Auto suppliers held recent discussions with the White House about the potential impact of a strike and possible options that the Biden administration could tap to help suppliers weather a prolonged strike. Small suppliers are critical to automakers' supply chains. Automakers have spent much of the past three years dealing with supply chain disruptions, and are still working to recover.
Persons: Bryan Woolston, Joe Biden's, Biden, Nandita Bose, David Shepardson, Paul Grant, David Ljunggren, Heather Timmons, Leslie Adler Organizations: General Motors, United Auto Workers, UAW, REUTERS, Detroit Three, U.S, Auto, House, Washington Post, Labor Department, Small Business Administration, White, SBA, Motor Equipment Manufacturers Association, Thomson Locations: Bowling Green , Kentucky, U.S, Michigan , Ohio, Canadian, Ontario
Total: 2