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But there’s a good chance at least some of them, at a mix of plants and companies, will walk out. Those limited, targeted strikes could be enough to grind production to a halt at America’s three unionized automakers. One advantage for the union of a targeted strike is the potential to save resources and extend a possible walkout. Striking union members are eligible for $500 a week from the union’s strike fund. The companies did not respond to questions Wednesday about their plans if faced with the targeted strikes Fain described on Wednesday.

Persons: Shawn Fain, Fain, Jeff Schuster, ”, Schuster, Jim Farley, Farley, Bill Ford, ” Farley, “, ” Ford, can’t, “ We’re, Patrick Anderson, Anderson, That’s, Ford Organizations: Detroit CNN, General Motors, Ford, United Auto Workers, UAW, America ’, GlobalData, GM, Detroit Auto, Jeep, Dodge, Chrysler, Anderson Economic Group, Fiat Chrysler, PSA Group Locations: America, Detroit, North America, Michigan, Edmunds, That’s, European

A targeted strike could shut operations for each company, depending on which plants and facilities are struck. One advantage for the union of a targeted strike is the potential to save resources and extend a possible strike. The union members who are on strike are eligible for $500 a week in strike benefits from the union’s strike fund. With targeted strikes, it’s possible that the companies will shut down operations and lay off members who are not technically on strike. GM’s statement did not address what it planned to do if their operations are disrupted by a targeted strike.

Persons: Shawn Fain, Fain, Jeff Schuster, ”, “, ” Fain, Patrick Anderson, John Hatline, Hatline Organizations: Detroit CNN — United Auto Workers, General Motors, Ford, GlobalData, Jeep, Dodge, Chrysler, UAW, Anderson Economic, CNN Locations: America, Michigan, Detroit

☆ How 500 votes made Shawn Fain one of America’s most important people
▼ + stars: | 2023-09-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

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

☆ The 4 key reasons why the UAW could strike GM, Ford and Stellantis this week
▼ + stars: | 2023-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

He 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, according to the UAW. RaisesThe union demands an immediate 20% raise, and then four additional raises of 5% each. The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. GM put the cost of the six-week strike by the UAW in 2019 at $2.9 billion.

Persons: Shawn Fain, they’re, Fain, ”, Wheaton, It’s, Patrick Anderson, Anderson, ” Anderson, “, ” Wheaton, Cornell’s Wheaton, ’, What’s, Gavin Strassel, Walter Reuther Organizations: New, New York CNN, United Auto Workers, UAW, Ford, Jeep, Dodge, Chrysler, Cornell University’s, Industrial and Labor Relations, GM, Anderson Economic Group, Pensions, Workers, Big Three, Anderson Economic, Walter, Walter Reuther Library, Wayne State University, Hollywood Locations: New York, Buffalo, Michigan, Wheaton, Belvidere , Illinois, Stellantis, Ohio, Detroit

☆ Auto Strike Looms, Threatening to Shut Detroit’s Big 3
▼ + stars: | 2023-09-03 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

“If that happens, even a short strike would impact economies throughout Michigan and across the nation,” said Patrick Anderson, the chief executive of the Anderson Economic Group in East Lansing, Mich. The terms of the new contract will determine how both autoworkers and the companies fare in an E.V.-centric industry. deserves a contract that sustains the middle class” and has named a White House liaison to the union and the automakers. An agreement before the contracts expire on Sept. 14 is still possible, and talks could continue beyond that date without a walkout. But Mr. Fain has repeatedly said he views Sept. 14 as a deadline — the day a strike could begin.

Persons: ”, Patrick Anderson, Biden, Fain Organizations: Anderson Economic Group Locations: Michigan, East Lansing, Mich

☆ Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
▼ + stars: | 2023-08-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. "However, with current inventories hovering around only 55 days, the industry looks different than it did during the last UAW strike." The automaker said the strike cost it about $3.6 billion that year in earnings. He said the union has no plans to extend the current contracts to allow for bargaining to continue without a strike, which was previously common practice. AEG's estimates do not include UAW strike pay or assessments for strike pay, unemployment benefits or unemployment taxes, income taxes on wages and other potential effects such as settlement bonuses.

Persons: Sen, Bernie Sanders, Tyler Theile, hasn't, Patrick Anderson, Shawn Fain, Tom Narayan, GM's Organizations: United Auto Workers, General Motors, Hamtramck Assembly, DETROIT, Detroit's Big, UAW, Ford Motor, Anderson Economic Group, AEG, Consumer, Detroit automakers, GM, Automotive Press Association, Ford, RBC Capital Locations: Detroit, Hamtramck, Vermont, Michigan

☆ Study estimates a 10-day UPS strike could be most costly in US history at $7.1 billion
▼ + stars: | 2023-07-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —A 10-day UPS strike could cost the US economy $7.1 billion. The union has said it will go on strike August 1 without an agreement on a new contract. The Teamsters union did not have an immediate comment on the study. The $7.1 billion cost estimates would nearly double the $4.2 billion total economic hit of the costliest recent strike, the 2019 strike at General Motors. He said that the cost of the strike would be limited if it only lasts a couple of days, but would increase rapidly after that.

Persons: ”, Glenn Zaccara, Patrick Anderson, Anderson Organizations: New, New York CNN, UPS, Anderson Economic Group, Teamsters, Anderson Economic, General Motors Locations: New York, Michigan

That estimate from Michigan-based Anderson Economic Group (AEG) includes UPS customer losses of $4 billion and lost direct wages of more than $1 billion. A 15-day UPS strike in 1997 disrupted the supply of goods, cost the world's biggest parcel delivery firm $850 million and sent some customers to rivals like FedEx (FDX.N). Roughly 340,000 union-represented UPS workers handle about a quarter of U.S. parcel deliveries and serve virtually every city and town in the nation. A strike could delay millions of daily deliveries, including Amazon.com (AMZN.O) orders, electronic components and lifesaving prescription drugs, shipping experts warned. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike that shut down its profitable U.S. operations.

Persons: Patrick Anderson, Anderson, GM's, Bruce Chan, Chan, Lisa Baertlein, Priyamvada, Pooja Desai, Jonathan Oatis, David Gregorio Our Organizations: United Parcel Service, Anderson Economic Group, AEG, UPS, FedEx, stoke, International Brotherhood of Teamsters, Teamsters, Consumers, UAW, Teamster, Thomson Locations: U.S, Michigan, Los Angeles, Bengaluru

☆ The US economy can’t function smoothly without UPS. That’s why a strike will hurt
▼ + stars: | 2023-07-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

That’s why there is so much at stake in contract negotiations between UPS and the Teamsters union. Without a deal, 340,000 Teamsters are preparing to go on strike at the nation’s largest trucking company starting August 1. A UPS strike could spread disruptions like that across much of the country. Their ability to adjust and find alternatives, it’s going to be challenging.”The economy has changed radically in the 26 years since the last UPS strike in 1997. UPS won’t comment on its contingency plans, saying it is focused on reaching a deal that would avoid a strike.

Persons: ”, Patrick Anderson, It’s, “, Sean O’Brien, O’Brien, it’s, Holly Wade, Satish Jindel, Mike Eisner, Jindel, Eisner, Tommy Storch, you’ll, it’ll, ” Storch Organizations: New, New York CNN, UPS isn’t, UPS, Teamsters, Anderson Economic Group, CNN, “ Shipping, National Federation of Independent Business, FedEx, US Postal Service, Postal Service, USPS Locations: New York, Michigan

☆ The EV revolution has never felt farther away as inflation, rocky supply chains, and Tesla threaten billions of dollars of investment
▼ + stars: | 2023-04-12 | by ( Alexa St. John | ) www.businessinsider.com time to read: +7 min

In the United States, automakers face major headwinds as they look to establish an all-new EV supply chain, catch Tesla, and win over skeptical buyers — all on top of an increasingly negative economic backdrop. The extent of China's role in the EV supply chain, including with lithium, is coming to light. "The epicenter of where minerals reside, where processing resides, where EV production resides, all are outside of the US," Douglas Kent, EVP of corporate and strategic alliances at the Association for Supply Chain Management, said. Tesla was long past the worst of its production snafus by the time other automakers got serious about EVs. By the time other automakers got serious about EVs, Tesla was long past its biggest manufacturing snafus and profitability challenges.

☆ It's time for automakers to take EV charging seriously or risk missing out
▼ + stars: | 2023-02-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

They've depended on third-party charging firms like ChargePoint, EVgo, and Electrify America to provide EV buyers with public plugs. Many automakers even offer their EV customers free charging through partnerships with these networks. For EV buyers attracted to brands with free public charging deals, the promises don't always seem to live up to expectations. The argument could be made that a majority of EV charging can be done at home — but many prospective EV buyers live in multi-family buildings without access to a garage plug. Mercedes recently announced the launch of its own charging network in an attempt to catch up to Tesla.

☆ You don't need an electric vehicle with a long range — buy one you can afford instead
▼ + stars: | 2023-02-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Many prospective electric car buyers worry about an EV's range, or how far it goes on a charge. But with new battery tech and more available charging, range shouldn't be a prime factor. But some experts say that in picking the right electric car, that last question of range is becoming less important — and less helpful. That's because in reality, most drivers don't need long-range EVs. "You don't need batteries that go 800 miles when it's convenient and easy and quick to recharge every 300 miles.

☆ New electric cars come with a built-in mystery: Nobody can predict their resale value
▼ + stars: | 2023-01-24 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

But it's hard to say exactly how a used EV depreciates without much historical data. There are many things to consider when evaluating a used EV. Nobody knows how much a used EV is worthThe way that used luxury and non-luxury gas-powered vehicles depreciate might not necessarily apply to used electric cars because of several caveats, according to Edmunds analysts. What data we do have on used EV sale prices may not apply to the cars coming out now. There isn't much used EV data available to know how an EV might depreciate.

☆ 5 questions to ask before buying your first electric car
▼ + stars: | 2023-01-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: +7 min

Today's electric car buyers have a lot of questions. Potential EV drivers have plenty of questions, and there's plenty you need to know before buying an electric car. Regardless, here are some tips on what to ask your dealer or sales advisor if you're considering buying an EV. It's important for car-buyers considering an EV to ask about how it fits into an average driver's lifestyle. But given how much this market depends on improvements in battery tech, dealers should still be ready to talk about what separates their EV's battery from competitors.

☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

New York (CNN Business) The US economy can keep running without freight trains — but not for long. But a rail strike could send prices shooting higher again due to limited supplies. The National Retail Federation said last week it is concerned about shortages later this year if there is a rail strike. A rail strike would "devastate the movement of manufactured products that families depend on." CommutingAlthough only the nation's freight rail lines face a pending strike, many of the nation's commuter trains travel on tracks maintained and operated by the freight railroads.

☆ Volodymyr Zelenskyy embodies resilience. It's one of multiple traits business leaders can mimic in tough times.
▼ + stars: | 2022-09-14 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +10 min

The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. Ukrinform/Future Publishing via Getty ImagesThough the pandemic has bent the rules of formality, starched suits are still the go-to for world leaders. "President Zelenskyy remains focused on his core assignment.

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