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The Friday walkout would start with targeted strikes designed to "create confusion," among automakers, Fain said, leaving the door open for last-minute agreements. Referring to Biblical scripture, Fain asked union members: "Are you willing to have faith and move that mountain? On Wednesday, he told UAW members they must fight for a better contract "by any means necessary" - one of Malcolm X's most quoted phrases. That six-week strike cost GM $3.6 billion and stressed the finances of UAW members. Like the Hollywood unions, the UAW members at the Detroit Three face threats from new technology that a richer contract will not resolve.

Persons: Shawn Fain, Fain, Malcolm X, they’ve, Sen, Bernie Sanders, Malcolm X's, Joe White, Ben Klayman, Bianca Flowers, David Shepardson, Matthew Lewis, Diane Craft Organizations: DETROIT, United Auto Workers, Detroit Three, automakers, General Motors, Ford, Stellantis, UAW, Wall, Detroit, GM, Teamsters, United Parcel Service, UPS, Hollywood, Thomson Locations: Hollywood, Detroit, Chicago, Washington

☆ Ford CEO rebuffs UAW leader's criticisms as strike deadline on Thursday approaches
▼ + stars: | 2023-09-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ford CEO Jim Farley speaks with media after revealing the 2024 Ford F-150 for the Detroit auto show on Sept. 12, 2023. Farley said the company has received "no genuine counteroffer" on its four economic proposals, including the latest offer that Ford is calling the most generous offer ever between the UAW and company. He also said Fain, who is simultaneously negotiating with General Motors and Stellantis , was absent during a Tuesday meeting that he and Ford Chair Bill Ford expected Fain to attend. Public criticism between the union and an automaker aren't unprecedented but the amount of detail being released, announced strike plans and simultaneous bargaining certainly are. Farley said he didn't know Fain had received the offer until he was discussing it during a 5 p.m. Facebook Live with union members.

Persons: Jim Farley, Shawn Fain, Farley, Fain, Bill Ford, didn't Organizations: Detroit, DETROIT, Ford Motor, United Auto Workers, Ford, UAW, General Motors, Detroit Auto, Facebook

"We are preparing to strike these companies in a way they have never seen before." Fain said the Detroit Three automakers had offered 146,000 U.S. autoworkers pay raises of as much as 20% over four and a half years but called the hikes inadequate. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years. The UAW is considering initially targeting only some specific plants for work stoppages at the Detroit automakers, two sources briefed on the matter said, adding the strike plan could still change. Targeting strategic plants could quickly force automakers to halt U.S. production and could extend the time before the UAW's $825 million strike fund is exhausted.

Persons: we're, Shaw Fain, Fain, Stellantis, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Reuters autoworkers, Shuler, Bernie Sanders, David Shepardson, Nick Zieminski, Deepa Babington, Chris Reese Organizations: United Auto Workers, Detroit Three, UAW, Detroit, Ford, General Motors, Chrysler, Anderson Economic Group, AFL, Reuters, GM, Detroit automakers, Thomson Locations: Michigan, United States, DETROIT

☆ UAW president says union is still seeking big pay hikes
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sept 13 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Three automakers, a day before four-year labor deals are set to expire. Reuters reported late on Tuesday that the union may opt to strike at targeted auto plants if they fail to reach new contracts covering 146,000 U.S. auto workers. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.

Persons: Shawn Fain, Fain, We've, Stellantis, We’re, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Shuler, Bernie Sanders, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Three, ABC News, General Motors, Ford Motor, Chrysler, Reuters, GM, Detroit, Anderson Economic Group, AFL, CNBC, Ford, Thomson Locations: Michigan, United States, DETROIT

☆ UAW president says union still seeking big pay hikes
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Sept 13 (Reuters) - United Auto Workers (UAW) union President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Big Three automakers, a day before four-year labor deals are set to expire. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Ford last week hiked its offer to a 10% wage hike and lump sum payments after offering a 9% wage increase through 2027 and 6% lump sum payments. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.

Persons: Shawn Fain, Fain, We've, Bernie Sanders, Stellantis, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Big, ABC News, GM, General Motors, Ford Motor, Chrysler, Reuters, Detroit, CNBC, Ford, Anderson Economic Group, Thomson Locations: Michigan

DETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday night. Fain also laid out general plans about how the union expects to strategically strike the Detroit automakers, if needed. Fain referred to the union's plans as a "stand-up strike," a nod to historic "sit-down" strikes by the UAW. He also said Fain missed a Tuesday meeting that he and Ford Chair Bill Ford believed he would be attending.

Persons: Shawn Fain, Fain, …, Sen, Bernie Sanders, Jim Farley, Bill Ford, Farley, it's, Ford, Stellantis Organizations: DETROIT, United Auto Workers, Detroit, UAW, General Motors, Ford Motor, Detroit automakers, Ford Locations: Detroit, U.S, Vermont

LANSING, Mich. (AP) — The prospect of an auto workers strike could test Joe Biden 's treasured assertion that he's the most pro-union president in U.S. history. Political Cartoons View All 1154 Images“I think the American public as a whole realizes the impact that the American auto workers have on the economy," Killian said. But, unlike with rail and airline workers, the president doesn’t have the authority to order autoworkers to stay on the job. Nowhere will the political fallout of an auto workers strike be felt more than Michigan, which Biden won by nearly 3 percentage points in 2020. And Ray Curry, the former UAW president who was unseated by Fain, had worked with Biden in the past, even attending White House ceremonies.

Persons: Joe Biden, Marick, Doc Killian, Killian, ” Biden, Biden, ”, Shawn Fain, “, Fain, Donald Trump, Trump, TRUMP, doesn't . Fain, Dave Green, ” Green, doesn’t, Mark Brewer, Brewer, Ray Curry, Gene Sperling, Biden's, he'll, what's, Randi Weingarten, Biden’s, Weingarten, ___ Weissert, Tom Krisher Organizations: United Auto Workers, General Motors, Ford, Wayne State University, CNN, UAW, Republican, UAW “, “ Union, Democratic, GOP, Michigan Democratic Party, U.S, White, longtime Democratic, Trump, American Federation of Teachers, Associated Press Locations: LANSING, Mich, Michigan, Ohio, Indiana, Detroit, Wayne , Michigan, America, China, Washington, United States, U.S, Wisconsin, Pennsylvania, Philadelphia

☆ Jim Cramer says 'watch Ford as a barometer' of potential United Auto Workers strike risk
▼ + stars: | 2023-09-13 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Ford Motor 's (F) stock may offer clues into Wall Street's current attitude toward potential strikes by the United Auto Workers union, CNBC's Jim Cramer said Wednesday. The UAW has been negotiating new contracts for its 146,000 members with the three Detroit automakers — Ford, General Motors (GM) and Jeep-owner Stellantis (STLA). "I want to watch Ford as a barometer," Cramer said on "Squawk on the Street." The UAW also may decide to implement targeted strikes at certain plants, CNBC reported Tuesday night, citing union officials. In an interview earlier Wednesday on CNBC, UAW President Shawn Fain was asked whether Ford, which employs the most UAW members of the Detroit Three, was the least likely to be struck.

Persons: CNBC's Jim Cramer, —, Stellantis, Ford, Cramer, Jim Cramer's, he's, Shawn Fain, Fain Organizations: Ford, United Auto Workers, UAW, Detroit, — Ford, General Motors, CNBC, Cramer's Charitable Trust, Club, UBS, GM Locations: Cramer's

DETROIT (AP) — aWith just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from the companies aren't enough and the union is getting ready to strike. We are preparing to strike these companies in a way they've never seen before.”The union is threatening to strike after contracts with companies that haven't reached an agreement by 11:59 p.m. on Thursday. On Wednesday, Fain said the companies upped their wage offers, but he still called them inadequate. In a 2019 agreement the union got 6% pay raises over four years with lump sums in some years as well as profit sharing checks. All three companies’ offers on cost-of-living adjustments were deficient, he said, providing little or no protection against inflation, or annual lump sums that may workers won’t get.

Persons: — aWith, Shawn Fain, Fain, ”, “, haven't, they’ll, It's, ” Fain, Ford, Stellantis, won’t, ” Tobin Williams, Thomas Kochan, “ It’ll, ____ Koenig Organizations: DETROIT, United Auto Workers, Motors, Ford, UAW, GM, Massachusetts Institute of Technology Locations: North America, Dallas

☆ ‘A spit in the face.’ Electric vehicle plans worry a Midwest auto town
▼ + stars: | 2023-09-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

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

☆ Ford’s former CEO has a stark warning for both the UAW and automakers
▼ + stars: | 2023-09-13 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

“The automakers can’t plead poverty,” Fields told CNN on Wednesday, noting the industry’s recent string of profitable years. [Automakers’] CEO pay went up 40%. “But I do think he’s quite misplaced in that if there’s a work stoppage… there will be lots of people hurt,” the former Ford CEO said. However, economists say a UAW strike is unlikely to cause a recession, though it would do damage to local economies and parts suppliers. You can’t fault them for trying to deal with inflation that is hurting their families,” the former Chrysler CEO said.

Persons: Mark Fields, ” Fields, “, ”, Jim Farley, Fields, CNN’s Vanessa Yurkevich, “ We’re, ” Farley, Shawn Fain, ’, ” Fain, Jake Tapper, Bob Nardelli, ” Nardelli, Goldman Sachs, “ It’s, Fain, Nardelli, Ron Gettelfinger, Ford, CNN’s Chris Isidore Organizations: New York CNN Business —, Detroit, Ford, GM, CNN, Chrysler, United Auto Workers, UAW, UPS, American Airlines, West Coast, TPG Capital, Anderson Economic Group, Big Locations: Mexico, Chihuahua

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

☆ US auto labor talks intensify near strike deadline
▼ + stars: | 2023-09-12 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Sept 12 (Reuters) - Talks between the Detroit Three automakers and United Auto Workers union are nearing a Thursday night deadline to reach a deal on a new contract before a potential walkout by 146,000 U.S. autoworkers. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years. LAST DAYS BEFORE DEADLINEThe UAW on Friday had rejected revised offers from Stellantis, General Motors (GM.N) and Ford Motor (F.N). GM said Tuesday CEO Mary Barra decided not to attend Business Roundtable meetings in Washington on Wednesday and Thursday because of the labor talks. "She changed her plans in order to stay close to the labor negotiations process," GM spokesperson Jeannine Ginivan said.

Persons: Rebecca Cook, Shawn Fain, Nancy Pelosi, Pelosi, Fain, We've, Bernie Sanders, Mark Reuss, Mary Barra, Barra, Jeannine Ginivan, Stellantis, David Shepardson, Ben Klayman, Nick Zieminski, Deepa Babington Organizations: UAW, General Motors Detroit, Hamtramck, REUTERS, Rights, Detroit Three, United Auto Workers, autoworkers, General Motors, Ford Motor, Chrysler, Detroit, Anderson Economic Group, GM, Ford, CNN, Automotive, Business, Reuters, Thomson Locations: Hamtramck , Michigan, U.S, Stellantis, Michigan, Detroit, Washington

☆ Strike looms as talks between UAW, Detroit Three drag on
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

[1/4] Jeep Cherokee SUV's and Ram trucks fill the parking lot at the Stellantis plant that was idled in February 2023, in Belvidere, Illinois, U.S., June 27, 2023. REUTERS/Bianca Flowers Acquire Licensing RightsSept 12 (Reuters) - The United Auto Workers (UAW) union has warned of a coordinated strike against the Detroit Three automakers, if an agreement is not reached on a new contract covering some 150,000 workers. Negotiations over a new deal began in July but the three automakers - General Motors (GM.N), Ford Motor (F.N) and Chrysler-parent Stellantis (STLAM.MI) - and the UAW have made little headway on the terms of the contract. ET on Sept. 14 (0359 GMT the next day). Here is a timeline of events beginning with the election of the new UAW chief in March:Reporting by Ananta Agarwal in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Bianca Flowers, Ananta Agarwal, Anil D'Silva Organizations: REUTERS, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Thomson Locations: Belvidere , Illinois, U.S, Bengaluru

DETROIT (AP) — Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories run by each of Detroit's three automakers if they can't reach contract agreements by a Thursday night deadline. At the Tuesday meeting, Fain didn't say whether the union would target vehicle assembly plants or component factories, one of the people said. Strikes at parts plants could force production halts at multiple assembly factories. The union and companies have said they’re willing to talk in an effort to work out deals before the deadline. Yet there was optimism on both sides that they still could reach reach deals before the deadline.

Persons: Shawn Fain, Fain, Ford, “ We’ve, Mark Reuss, ” Reuss, it’s Organizations: DETROIT, —, United Auto Workers, UAW, General Motors, Stellantis, Automotive, U.S, Labor, GM, Ford, Fiat Chrysler Locations: Detroit, Stellantis, Korean

☆ This week’s US inflation data is very important. Here’s why
▼ + stars: | 2023-09-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

All this uncertainty has led markets to lack conviction, flip-flopping as conflicting narratives around inflation rates and Fed hikes prevail. But this week’s readings — just a few days ahead of the Fed’s September policy meeting -— could give the markets direction. “Getting core inflation to 2% won’t come quickly, and upside risks remain,” said Greg McBride, chief financial analyst at Bankrate. And while the Fed generally looks at core inflation, the impact of crude prices often extends into other areas of the economy. Pensions and inflation adjustments: The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members.

Persons: There’s, —, Price, Jason Pride, Michael Reynolds, Glenmede, ”, Greg McBride, David Kelly, Chris Isidore, Shawn Fain, they’re, Chris, Jordan Valinsky, Instacart, “ Organizations: CNN Business, Bell, New York CNN, United Auto Workers, Federal, Consumer, of America, JPMorgan Asset Management, UAW, Ford, Jeep, Dodge, Chrysler, Workers, Union Locations: New York, China, Saudi Arabia, Russia, America, Instacart

☆ Ford to double F-150 hybrid pickup production as EV sales growth slows
▼ + stars: | 2023-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford F-150 PowerBoost Platinum hybrid FordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles. Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly 20% in the U.S. The automaker declined to release specific production figures, but it likely equates to tens of thousands more of the hybrid vehicles. 2024 Ford F-150 Powerboost Platinum hybrid Ford"We are balancing growth, profitability and returns," Farley said during an earnings call. "I certainly think that hybrid, our PowerBoost hybrid, help folks transition into full electric," Emmert told CNBC.

Persons: Ford, Jim Farley, Farley, Kumar Galhotra, Ford Ford, John Emmert, Emmert Organizations: DETROIT, Ford Motor, Ford, U.S, United Auto Workers, General Motors, UAW, Detroit, Toyota Motor, CNBC Locations: North America

☆ Wall Street sees potential UAW strikes as manageable, with upsides
▼ + stars: | 2023-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Michael Wayland / CNBCDETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely manageable – even seeing investment opportunities. Using Ford, which has the most UAW employees at 57,000, as an example, RBC estimated margin impacts for 10% and 20% raises for union workers would be 0.39% and 0.79%, respectively. watch nowWhat "matters most" is the duration of a potential strike, Jefferies analyst Philippe Houchois said. Simultaneous national strikes against the Detroit automakers, which the UAW has alluded to doing, would be unprecedented. He estimates labor costs only account for around 4% of the global revenues for the Detroit automakers.

Persons: Michael Wayland, Tom Narayan, Jefferies, Philippe Houchois, Morgan Stanley, Adam Jonas, Jonas Organizations: United Auto Workers, General Motors, Hamtramck Assembly, CNBC DETROIT –, Detroit automakers, Motors, Ford Motor, RBC Capital, Ford, UAW, RBC, GM Locations: Detroit, Hamtramck, U.S

☆ 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

☆ UAW says some progress in labor talks but wide divide remains
▼ + stars: | 2023-09-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"We've made some progress, a little bit of progress but it's still slow but we're moving," Fain told CNN. GM made a new offer to the UAW over the weekend, but the details were not immediately available. Stellantis said Friday it had offered U.S. hourly workers a 14.5% wage hike over four years. GM said Thursday it offered workers a 10% wage hike and two additional 3% annual lump-sum payments over four years. Stellantis previously offered $10,500 in inflation protection payments over the four years, while GM is offering $11,000 and Ford $12,000.

Persons: Shawn Fain, We've, Fain, Stellantis, David Shepardson, Nick Zieminski, Leslie Adler Organizations: United Auto Workers, Detroit Three, UAW, CNN, Chrysler, General Motors, Ford, GM, Reuters, Detroit, Thomson Locations: Stellantis

☆ Potential UAW strike could cut production, push up vehicle prices, analysts say
▼ + stars: | 2023-09-11 | by ( Priyamvada C | ) www.reuters.com time to read: +3 min

Sept 11 (Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said. New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to automotive consulting firm J.D. That would mean an end to the trend of cooling vehicle prices in recent months, at a time when inflation continues to pinch U.S. consumers. However, UAW president Shawn Fain rejected the idea that worker wages were responsible for auto prices going up in the last few years. In a video released on Thursday titled "Here's what the Big Three and the corporate media's NOT telling you about car prices," Fain said "corporate greed" was responsible for rising car prices.

Persons: Tyson Jominy, Jominy, Garrett Nelson, J.P, Morgan, Jimmy Bhullar, Jim, Farley, Mary, Barra, Dan Ives, Tesla, Bryan DeBoer, Shawn Fain, Fain, Priyamvada C, Nathan Gomes, Abhijith, Anil D'Silva Organizations: United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Toyota, Honda, Volkswagen, Deutsche Bank, GM, Ford, Lithia Motors, Thomson Locations: ., U.S, Bengaluru

☆ UAW ready to negotiate around the clock as strike deadline nears
▼ + stars: | 2023-09-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"Despite receiving no response for over a month, when the CEOs are ready to make a serious offer we'll be there, day or night." GM made a new offer to the UAW over the weekend, but the details were not immediately available. Stellantis said Friday it had offered U.S. hourly workers a 14.5% wage hike over four years, much less than the 46% wage hike the union initially sought. GM said Thursday it offered workers a 10% wage hike and two additional 3% annual lump-sum payments over four years. Stellantis previously offered $10,500 in inflation protection payments over the four years, while GM is offering $11,000 and Ford $12,000.

Persons: Shawn Fain, Fain, UAW bargainers, Stellantis, David Shepardson, Nick Zieminski Organizations: United Auto Workers, Detroit, Chrysler, UAW, General Motors, Ford, GM, Reuters, Thomson Locations: Detroit, Stellantis

☆ Explainer: Auto industry on tenterhooks ahead of potential UAW strike against 'Detroit Three'
▼ + stars: | 2023-09-11 | by ( Nathan Gomes | ) www.reuters.com time to read: +5 min

Ford's annual filing showed about 57,000 of its hourly employees in the United States were represented by the UAW, while the UAW represents about 43,000 U.S. hourly workers at Stellantis. Stellantis last week offered its U.S. hourly workers a 14.5% wage hike over four years, but no lump sum payments. Fain also is aiming to get agreements that would allow the UAW to represent hourly workers at joint-venture EV battery plants opened or planned by the Detroit Three. 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. Contract talks between the UAW and the Detroit automakers have gone on till the strike deadline and beyond in past years.

Persons: Rebecca Cook, Shawn Fain, Stellantis, it's, Fain, Biden, Tesla, GM's, Chris McNally, Nathan Gomes, Ben Klayman, Shounak Dasgupta Organizations: REUTERS, United Auto Workers, UAW, Detroit Three, General Motors, Ford, Chrysler, Detroit, WHO, GM, Stellantis, FROM, Facebook, EV, Lear Corp, Detroit automakers, Anderson Economic Group, Thomson Locations: Auburn Hills , Michigan, U.S, United States, Stellantis, Bengaluru, Ben, Detroit

☆ UAW president says auto strike would hurt mostly ‘billionaire class’
▼ + stars: | 2023-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

In an interview with Jake Tapper on CNN Monday afternoon, Fain reiterated that the union’s 145,000 members at those automakers are ready to strike Friday. He said the the union and three companies are still far apart in negotiations for a new contract despite meeting throughout the weekend and again on Monday. No one had any complaints about that but God forbid the workers ask for their fair share,” he said. He said the union told the automakers not to wait to try to settle everything in the final days. They are all on the record as saying they hope to be able to reach a deal with the union without a strike.

Persons: Shawn Fain, Jake Tapper, Fain, “, ’, ”, “ It’s, Ford, we’ve, Tobin Williams Organizations: New, New York CNN — United Auto Workers, —, Motors, Ford, CNN, General Motors, Jeep, Dodge, Chrysler, North, UAW Locations: New York

DETROIT (AP) — Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit's three automakers. Stellantis released no details of its offer Monday. Political Cartoons View All 1148 ImagesUAW President Shawn Fain on Friday called counter offers from Stellantis, General Motors and Ford inadequate. “When the CEOs are ready to make a serious offer, we’ll be there, day or night,” he said. Stellantis offered wage increases in each year of a new four-year contract totaling 14.5%.

Persons: Tobin Williams, Stellantis, ” Williams, “, Shawn Fain, Fain, we’ll, ”, GM’s, we’ve, ” Fain Organizations: DETROIT, United Auto Workers, General Motors, Ford, Fiat Chrysler, France’s PSA Peugeot, UAW Locations: North America, Stellantis, Korean

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