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The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The UAW walkouts cost the company $200 million during the third quarter and $600 million so far in the fourth quarter, GM Chief Financial Officer Paul Jacobson said in a briefing with reporters. Strike costs are now running at $200 million a week, Jacobson said. Average selling prices for GM vehicles were $50,750 in the latest quarter, slightly down from the previous quarter. GM also said losses at its Cruise robotaxi unit widened to $732 million in the quarter.

Persons: Rebecca Cook, GM's, Colin Langan, Paul Jacobson, Jacobson, Shawn Fain, Tesla, Mary Barra, We're, Barra, Biden, Ford, Elon, Joe White, Ben Klayman, Jamie Freed, Kirsten Donovan, Chizu Organizations: General Motors, REUTERS, Rights, Tuesday, United Auto Workers, GM, UAW, Chevrolet, Detroit, EV, GMC, U.S, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Flint , Michigan, North America, Orion Township , Michigan

“I don’t know why Jim Farley is lying about the state of negotiations," Fain said in a statement responding to the Ford CEO. The UAW wants those workers represented by the union and paid the highest-tier wages. Workers went on strike on Sept. 15 at one plant each from GM, Ford and Stellantis. UAW workers 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: Jim Farley, Shawn Fain, Stellantis, Fain, Sam Fiorani, Joe Biden, Ford, Farley, Arthur Wheaton, Mack Trucks, Silverados, 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, Ford, United Auto Workers, Detroit, Chrysler, Mack Trucks, AutoForecast Solutions, Workers, Ford Explorer, Lincoln Aviator, Traverse, Buick, Marshall, General Motors, GM, Cornell University, Mercedes, Reuters, Thomson Locations: Chicago, Lansing , Michigan, DETROIT, U.S, Detroit, Lansing, Michigan, Marshall , Michigan, Alabama

"Despite our willingness to bargain Ford and GM have refused to make meaningful progress," Fain said in a video address Friday morning. It began on Sept. 15, when workers struck at one plant each from GM, Ford and Stellantis. The UAW did not strike at Ford distribution facilities last week, citing progress in talks with that company. Analysts estimate GM, Ford and Stellantis earn as much as $15,000 per vehicle on each of their respective large pickup truck models. The Ford assembly plant in Chicago builds the Ford Explorer and Lincoln Aviator SUVs, while the GM plant in Lansing makes the Chevy Traverse and Buick Enclave SUVs.

Persons: Shawn Fain, GM's, Fain, Stellantis, Friday Fain, Arthur Wheaton, Silverados, Sam Fiorani, Joe Biden, David Shepardson, Joseph White, Ben Klayman, Abhirup Roy, Peter Henderson, Nick Zieminski Organizations: DETROIT, United Auto Workers, General Motors, Ford, Chrysler, Detroit Three, GM, UAW, Detroit, Cornell's School of Industrial and Labor Relations, U.S, Workers, Stellantis, Strikers, AutoForecast Solutions, Ford Explorer, Lincoln Aviator, Traverse, Buick, Reuters, Thomson Locations: Chicago, GM's Lansing , Michigan, Stellantis, Marshall , Michigan, Milan, Detroit, Lansing

DETROIT, Sept 29 (Reuters) - The United Auto Workers are set to expand their strike of Detroit Three factories and walk off the job at General Motors (GM.N) and Ford (F.N), UAW president Shawn Fain said on Friday. "Despite our willingness to bargain Ford and GM have refused to make meaningful progress," Fain said in a video address Friday morning. It began on Sept. 15, when workers struck at one plant each from GM, Ford and Stellantis. The UAW did not strike at Ford distribution facilities, citing progress in talks with that company. Analysts estimate GM, Ford and Stellantis earn as much as $15,000 per vehicle on each of their respective large pickup truck models.

Persons: Shawn Fain, GM's, Fain, Stellantis, Ford, Silverados, Joe Biden, David Shepardson, Joseph White, Nick Zieminski Organizations: DETROIT, United Auto Workers, General Motors, Ford, UAW, GM, Detroit, Strikers, Reuters Graphics Reuters, Thomson Locations: Detroit, Chicago, GM's Lansing , Michigan, Stellantis, Milan

DETROIT, Sept 29 (Reuters) - United Auto Workers union President Shawn Fain is expected to launch walkouts at more Detroit Three auto factories Friday, barring last-minute progress in bargaining that has moved slowly since last week. Talks among the UAW and negotiators for the Detroit Three were described as "very active" by one person briefed on the situation. The union has shut one assembly plant at each of the Detroit Three, and 38 parts distribution centers at GM and Stellantis. However, strikes at these plants would have less impact as the models affected are either money-losers or substantially less profitable than the big pickups. The union launched its first walkouts on Sept. 15, with simultaneous strikes at one assembly plant at each automaker.

Persons: Shawn Fain, Fain, Silverados, Ram, Ford, Joe Biden, David Shepardson, Joseph White, Nick Zieminski Organizations: DETROIT, United Auto Workers, Detroit, UAW, Wall Street, Ford, General Motors, Strikers, GM, Reuters Graphics Reuters, Thomson Locations: Kentucky, Flint, Sterling Heights , Michigan, Warren , Michigan, Detroit, Italian, Kokomo , Indiana, Hamtramck, Spring Hill , Tennessee, Dearborn , Michigan

☆ The $24,000 Hyundai Santa Cruz is a truck that feels like an SUV. It's also the perfect adventure vehicle.
▼ + stars: | 2023-06-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz.

Persons: Santa Cruz, Tim Levin, Ford, that's, Ford's, I'd, It's, Apple, it's, I'm Organizations: Santa Cruz, Hyundai, Sporting, Toyota, Ford, Santa Cruz's, Subaru Locations: Santa, Santa Cruz, clothe, Toyota Tacoma

☆ Ongoing supply shortages threaten U.S. infrastructure and war efforts
▼ + stars: | 2023-03-29 | by ( Lisa Baertlein | ) www.reuters.com time to read: +4 min

"One of the big issues as we're trying to ramp up the military industrial base is having enough electronic components," Miller said. Companies that make war weapons like shoulder-fired Javelin and Stinger missiles are awaiting U.S. funding before starting new production for Ukraine. "Any general shortage in semiconductors will affect defense," said Brad Martin, director of Rand Corp's National Security Supply Chain Institute. On the other hand, ongoing demand for auto and farm equipment has kept stocks of microchips that act as electronic brains in that machinery tight. "As we've moved through the past year or so, we have seen gradual improvement in our supply chain, including semiconductors ... Short-term disruptions will continue to happen," GM spokesman Dan Flores told Reuters in an email.

The supply chain woes that sent costs soaring and spurred shortages of everything from toilet paper to passenger cars are easing for retail-focused industries, but remain stubbornly persistent in important growth sectors like autos, machinery, defense and non-residential construction, experts said. "One of the big issues as we're trying to ramp up the military industrial base is having enough electronic components," Miller said. Companies that make war weapons like shoulder-fired Javelin and Stinger missiles are awaiting U.S. funding before starting new production for Ukraine. "Any general shortage in semiconductors will affect defense," said Brad Martin, director of Rand Corp's National Security Supply Chain Institute. "As we've moved through the past year or so, we have seen gradual improvement in our supply chain, including semiconductors ... Short-term disruptions will continue to happen," GM spokesman Dan Flores told Reuters in an email.

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