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☆ UAW says VW workers at Tennessee plant file for union election
▼ + stars: | 2024-03-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday. In 2019, VW workers at the Chattanooga, Tennessee, plant rejected union representation in an 833-776 vote. The Chattanooga plant is Volkswagen's only U.S. assembly plant and employs over 4,000 autoworkers who would be eligible to vote for union representation. "We will fully support an NLRB vote so every team member has a chance to vote in privacy in this important decision. By the end of the UAW contracts, top wages are expected to surpass $42 an hour for production workers.

Organizations: DETROIT, Volkswagen, National Labor Relations Board, United Auto Workers, U.S, UAW, Nissan, VW, NLRB, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Subaru, Toyota, Volvo Locations: Tennessee, U.S, Chattanooga , Tennessee, Chattanooga

The union has come close to representing workers at the VW plant in two previous elections. Some prominent Tennessee Republican politicians had urged workers to vote against the union during both campaigns. The year after the 2014 vote failed, 160 Chattanooga maintenance workers won a vote to form a smaller union, but Volkswagen refused to bargain. In November, VW gave workers an 11% pay raise at the plant, but the union says VW's pay still lags behind Detroit automakers. Top assembly plant workers in Chattanooga make $32.40 per hour, VW said.

Persons: —, we'll, Yolanda Peoples Organizations: DETROIT, United Auto Workers, Workers, National Labor Relations Board, UAW, Detroit automakers, Tesla, Nissan, Mercedes, Benz, Hyundai, Kia, Toyota, Honda, VW, NLRB, Volkswagen, Tennessee Republican, General Motors, Ford, Detroit Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, Mercedes, Vance , Alabama, Tuscaloosa, Alabama

☆ Dartmouth men's basketball is the first college team to vote to unionize. But the fight over the future of college sports could just be beginning.
▼ + stars: | 2024-03-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

By a vote of 13 to 2, the team voted to join the service employees union SEIU Local 560 — making them the first college athletes in US history to vote to join a labor union. Then, last month, the NLRB ruled that the Dartmouth players were employees of the school, clearing the way for the unionization vote. The Dartmouth vote also comes as the share of union members in the US reached a record low of just 10% in 2023. AdvertisementIn the short term, however, the impact of the Dartmouth vote could be limited. AdvertisementIf the NLRB's decision to recognize the Dartmouth players stands, it could establish a precedent that enables other teams to follow suit.

Persons: —, Dartmouth, Kaiser, There's, Victor Chen, Chen, Jake Rosenfeld, Louis, Trump, Rosenfeld, VCU's Chen, Matthew Johnson, Johnson, Barry Eidlin Organizations: Service, Dartmouth men's, Harvard, SEIU Local, National Labor Relations Board, Dartmouth, NLRB, Business, US, UAW, Hollywood, Kaiser Permanente, Virginia Commonwealth University, Washington University, NCAA, Northwestern football, Northwestern, Big, Associated Press, University of Southern, —, USA, Duke University, McGill University Locations: Dartmouth, St, University of Southern California, Angeles, Montreal

President Joe Biden's State of the Union address as prepared for delivery:Good evening. A former American president actually said that, bowing down to a Russian leader. And it’s because of you that tonight we can proudly say the State of our Union is strong and getting stronger. Americans pay more for prescription drugs than anywhere else. I say this as a lifelong supporter of Israel and the only American president to visit Israel in wartime.

Persons: Joe Biden's, Franklin Roosevelt, “, Hitler, Roosevelt’s, Lincoln, Putin, Ronald Reagan, thundered, Mr, Gorbachev, we’ve, Insurrectionists, ., Jan, I’ve, Latorya Beasley, Roe, Wade, Harris, Kate Cox, Kate, – that's, won’t, Hope, Shawn Fain, Dawn Simms, Dawn, That’s, Jill, I’m, Keenan Jones –, Sen, Bob Casey’s, It’s, It’d, Edmund Pettus, John Lewis, Betty May Fikes, ”, Banning, Jasmine, Jackie, we’re, Evan, Paul, Israel, –, We’ve, aren’t, They’ve, We’re, King, Bobby Kennedy, you’ve, Let’s Organizations: Madame, Union, Overseas, Republican, NATO, Alliance, National Security, America, That's, Act, Infrastructure Law, UAW, Big Pharma, Medicare, Affordable, White, Initiative, Women’s Health Research, Grants, Child, Big Oil, Social Security, Border Patrol Union, Dreamers, Peace Corps, Ameri Corps, Corps, American, House, NRA, Hamas, United, U.S, ARPA, Star Locations: Joe Biden's State, Europe, Russia, Ukraine, American, Russian, America, Finland, Sweden, United States, Birmingham , Alabama, Alabama, Dallas, Texas, COVID, That's America, Belvidere , Illinois, Belvidere, it’s, Shawn, HBCUs, Minnesota, Ireland, Selma , Alabama, Selma, Uvalde , Texas, Uvalde, Iowa, Israel, Gaza, U.S, Saudi Arabia, Iran, Red, China, Taiwan Strait, I’ve, Scranton , Pennsylvania, Claymont , Delaware, United States of America

☆ Biden and Trump win Michigan primaries
▼ + stars: | 2024-02-27 | by ( Eric Bradner | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden and former President Donald Trump won their respective parties’ primaries in Michigan on Tuesday. “We demand President Biden to take action now – bring a permanent ceasefire,” said Layla Elabed, the campaign manager for the group. The Michigan primary was moved up near the front of the Democratic presidential nominating calendar this year. Biden defeated Trump in Michigan by about 150,000 votes four years later. After Democrats, who control the state Legislature and the governor’s office, moved the Michigan primary to February 27 despite the Republican opposition, the RNC and Michigan GOP came up with the hybrid model.

Persons: Joe Biden, Donald Trump, Biden, Trump’s, Nikki Haley’s, “, ”, Rashida Tlaib, Andy Levin, Vermont Sen, Bernie Sanders ’, Sanders, Layla Elabed, ” Biden, ” Elabed, It’s, Gretchen Whitmer, you’ve, Trump, —, Pete Hoekstra, Kristina Karamo, Hoekstra, CNN’s Arit John, Dianne Gallagher, Jeff Zeleny Organizations: CNN, Democratic, South Carolina Gov, Muslim, Michigan Rep, America, Trump, Michigan, White House, Biden, Israel, Michigan —, United Auto Workers, UAW, Michigan GOP, Michigan Republicans, Republican, Committee, RNC Locations: Michigan, Gaza, Vermont, Iowa, New Hampshire, Dearborn, United States, Palestinian American, — demoting Iowa, South Carolina, Nevada, Netherlands, Grand Rapids, Detroit

☆ Joe Biden wins Michigan Democratic primary, NBC projects
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden has won the Michigan Democratic presidential primary, NBC News projects. The incumbent president's victory was widely anticipated in the key swing state due to an uncompetitive Democratic field and Biden's successful Michigan track record. In 2020, Biden also won the primary and general election in Michigan. Despite Biden's attempted rivals, his win in Michigan solidifies the going message that the Democratic primary is all but over. Before Michigan, Biden locked up a landslide victory in South Carolina's Democratic primary and before that, an unofficial win in New Hampshire via write-in votes.

Persons: Joe Biden, George Merrelli, Biden, Dean Phillips, Phillips, Biden's, Donald Trump Organizations: autoworkers, United Auto Workers, UAW, George, George Merrelli Technical Training, Michigan Democratic, NBC, Democratic, Democratic National Committee, Biden, Michigan, House Rep, Before Michigan, South Locations: Warren, Detroit, Michigan, U.S, Gaza, Biden's, Before, New Hampshire

☆ Ford, UAW reach local labor deal to avert strike at Kentucky plant
▼ + stars: | 2024-02-21 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023. Ford and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant. The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved. The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and safety. Workers at the plant produce Ford Super Duty pickups as well as Ford Expeditions and Lincoln Navigator SUVs.

Persons: Ford, —, — CNBC's Michael Wayland Organizations: Ford Super Duty, United Auto Workers, UAW, Workers, Ford, Ford Expeditions, Lincoln, Big Three, — Ford, General Motors, Local Locations: Kentucky, Louisville , Kentucky, U.S, Ford's Kentucky, Louisville

☆ Rashida Tlaib endorses campaign to vote against Joe Biden in the Michigan Democratic primary
▼ + stars: | 2024-02-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

A campaign to get Michigan Democrats to vote against incumbent President Joe Biden in the state's February 27 primary has just gained a new supporter, Rep. Rashida Tlaib. Now, she's joining a campaign led by her sister to turn that disappointment in the Biden administration into an "uncommitted" vote in the upcoming Michigan primary, Tlaib said in a video posted to the X account of the campaign Listen To Michigan on February 17. The campaign, Listen to Michigan, is an effort to earn Biden's backing for a cease-fire in Israel's war in Gaza by having Democrats vote "uncommitted" in the Michigan primary. Now, speaking from an early voting site in Michigan, she's telling her constituents to vote against the president directly. "If you want us to be louder then come here and vote uncommitted," Tlaib said.

Persons: Joe Biden, Rashida Tlaib, Tlaib, she's, Biden, hasn't, Layla Elabed, Hillary Clinton, Dean Phillips, Tlaib's Organizations: Michigan Democrats, Israel, Biden's, Biden White House, Michigan, Trump, Biden, AP, Minnesota Rep, UAW Locations: Michigan, Gaza, Dearborn, Detroit, Biden's Michigan, Eastern, Israel

DETROIT (AP) — The United Auto Workers union is threatening to go on strike next week at Ford Motor Co.'s largest and most profitable factory in a dispute over local contract language. The union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will strike on Feb. 23 if the local contract dispute is not resolved. If there's a strike, it would be the second time the union has walked out at the sprawling factory in the past year. In October, UAW workers shut down the plant during national contract negotiations that ended with large raises for employees. The union says that workers have been without a local contract for five months.

Persons: Jim Farley, Farley, Ford Organizations: DETROIT, United Auto Workers, Ford Motor Co, Kentucky, Plant, UAW, Ford, Lincoln, General Motors, U.S, Rivals General Motors Locations: Louisville, New York, U.S, Mexico

☆ A traditional automaker just turned a profit on EVs
▼ + stars: | 2024-02-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Electric vehicles are finally turning a profit for Stellantis, CEO Carlos Tavares said Thursday, and, in contrast to some rivals, it will not cut back on producing EVs. The announcement marks an important milestone for electric vehicles and for traditional automakers, which have struggled to make money on EVs even as demand has grown. Ford, the only company to break out results separately for electric and traditional vehicles, reported that it lost $4.7 billion in EVs last year, or more than $40,000 per vehicle. But he said that EVs, while profitable, are still not as profitable as traditional gas-powered vehicles. That includes profit sharing for about 38,000 United Auto Workers union members at an average of $13,860, down from $14,760 a year earlier.

Persons: Carlos Tavares, ”, Tesla, Traveras, Stellantis Organizations: New, New York CNN —, Fiat Chrysler, PSA Group, Ford, GM, General Motors, Jeep, Chrysler, Dodge, United Auto Workers, UAW Locations: New York, Detroit, EVs, Europe, Paris

☆ Delta paying $1.4 billion in profit sharing payments to employees
▼ + stars: | 2024-02-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago. The payout is up 146% from the profit sharing payment of a year earlier, and well above the $108 million for 2021. This is the second largest profit sharing payout by Delta, trailing only the record $1.6 billion it paid for 2019. But there are union contracts that include profit sharing payments, including the pilots at Delta, who get the same profit sharing formula as the nonunion employees, as well as some unionized employees at other airlines. The average profit sharing payment came to about $14,000 for Delta employees.

Organizations: New, New York CNN — Delta Air Lines, Delta, Association of, Management, Unions, United Auto Workers, General Motors, UAW, Ford Locations: New York

☆ Tesla workers still make less than those at Ford and GM, despite recent raises
▼ + stars: | 2024-02-09 | by ( Nora Naughton | Grace Kay | ) www.businessinsider.com time to read: +5 min

Even with a raise, Tesla workers don't make as much as union-represented workers. AdvertisementTesla recently gave some of its factory workers raises, but union-represented workers at Detroit’s Big Three will still make a lot more per hour. According to internal documents reviewed by Business Insider, new pay guidelines for Tesla workers were implemented on January 8. Why some Tesla workers aren’t focused on UAW payDespite the pay discrepancy, some Tesla workers previously told BI they’d be hesitant to join a union. But the German union IG Metall said last year that some Tesla workers at the company's Brandenburg plant had joined its union.

Persons: —, Tesla, Stellantis, aren’t, Elon, “ It’s, Musk, Metall Organizations: unionizing, UAW, NEW, Service, Business, United Auto Workers, Ford, GM, EV, National Labor Relations Board, NLRB Locations: Buffalo , New York, rehire, company's Brandenburg

☆ Leaked Tesla pay data: How much Elon Musk's factory workers now make across the US after some got raises
▼ + stars: | 2024-02-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla hiked pay for factory workers across the US last month. Internal documents viewed by Business Insider reveal how much the factory workers now make. Under the new pay guidelines that were announced in December and implemented on January 8, factory workers at Tesla make between $22 to $39 per hour, according to the internal documents. AdvertisementTesla divides its factory workers into seven levels, while leads are divided into two levels. The effort won't be without its challenges, as CEO Elon Musk has voiced confidence that a union isn't necessary and some Tesla workers previously told BI they'd be hard-pressed to join a union.

Persons: —, Tesla, autoworkers, Shawn Fain, Elon Musk Organizations: Service, Business, Tesla, Fremont, US Bureau of Labor Statistics, Workers, Bloomberg, Toyota, Hyundai, United Auto Workers, Fremont Factory, UAW Locations: Austin , Texas, Sparks , Nevada, Fremont, Palo Alto , California, California, Nevada, Texas

☆ Jim Cramer: What Disney needs to deliver after the bell to fend off Peltz board fight
▼ + stars: | 2024-02-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Wednesday investors should be cautious of the surge though. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, There's, Jim, Nelson Peltz, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, Ford, UAW, Disney, Fox, Warner Bros

WASHINGTON (AP) — President Joe Biden is sending several senior aides to Michigan to meet with Arab American and Muslim leaders, according to three people familiar with the matter, as his administration's handling of the Israel-Hamas war frustrates members of a key constituency in a 2024 battleground state. Also expected to attend are Tom Perez, who leads the Office of Intergovernmental Affairs, as well as Mazen Basrawi, the White House liaison to American Muslim communities, and aides Jamie Citron and Dan Koh. Siblani was one of the few Arab American leaders to meet with Rodriguez when she visited Dearborn at the end of January. The White House says administration officials have been in regular contact with Muslim and Arab American leaders in Michigan and across the country. He did not meet with Arab American and Muslim community members.

Persons: Joe Biden, Samantha Power, Jon, Steven Benjamin, Tom Perez, Basrawi, Jamie Citron, Dan Koh, Julie Chavez Rodriguez, ”, Osama Siblani, “ I’m, ” Siblani, Siblani, Rodriguez, Alabas Farhat, “, ” Farhat, Farhat, “ it’s, Debbie Dingell, Biden, I’ve, ” Dingell, Biden hasn't, Abdullah Hammoud, ” ___ Cappelletti Organizations: WASHINGTON, U.S . Agency for International Development, Public, White, Intergovernmental Affairs, Biden, Arab American News, Associated, AP, U.S . Rep, Health Ministry, CNN, United Auto Workers, Palestinian, UAW, Dearborn Locations: Michigan, Israel, American, Detroit, Dearborn , Michigan, Gaza, Dearborn, White, Arab, Eastern, The U.S, Warren, Lansing , Michigan

The Dearborn, Michigan, automaker posted a $523 million net loss from October through December versus a $1.26 billion profit for the same period a year ago. Ford reported a $1.7 billion noncash accounting loss during the quarter on remeasurement of pension and other post-retirement employee benefits. UAW workers shut down the company’s largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks. The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis. At the end of the contract, top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.

Persons: —, Ford Organizations: DETROIT, — Ford Motor Co, United Auto Workers, Wall, FactSet, Revenue, UAW, Ford, General Motors Locations: Dearborn , Michigan, Louisville , Kentucky

☆ Ford's turnaround is back on track after the carmaker delivers a much-needed beat and raise
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

A lot of that credit belongs to Ford Pro, which increasingly looks undervalued by the market for its profit potential. The ongoing capital discipline, leverage to hybrids, profitability of Pro, and potential turnaround in quality control keep us invested in Ford. Revenues over the full year increased 19% and EBIT more than doubled to $7.2 billion, reflecting a margin of 12.4%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Ford, we've, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford Motor, Management, Automotive, LSEG, Ford, UAW, Ford Pro, Blue, Ford Model, Revenues, Bloomberg, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: EVs, Blue U.S, Dearborn , Michigan, U.S

☆ Ford rewards shareholders, projects big profit jump despite cost of UAW deal
▼ + stars: | 2024-02-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Last fall Ford agreed to a big raise for striking members of the United Auto Workers union. The company announced it would give shareholders a second, supplemental dividend that will more than double the regular dividend they usually receive. Even with the drop in fourth-quarter earnings, full-year earnings at Ford rose to $8.1 billion from $7.6 billion for 2022. The high end of that range would reflect record profits by that measure for the company, said Ford CFO John Lawler. Ford is the second automaker to increase payouts to shareholders since reaching the deal with the UAW.

Persons: Ford, John Lawler, “, Jim Farley, Farley Organizations: New, New York CNN, United Auto Workers, Ford, UAW, Ford Motor, GM Locations: New York

Story highlights Biden goes to Michigan to meet with UAW members a week after receiving the union's endorsement Trump and Biden are battling for the votes of union members. While in Michigan on Thursday, the president will be meeting with UAW members, a Biden campaign official told CNN. The event, at a union hall near Detroit, will feature an “informal” conversation with union members, according to the campaign. In a fiery speech while delivering the group’s endorsement, UAW President Shawn Fain said Biden was the clear choice in a matchup with Trump. Since the group publicly backed Biden, Trump has hit back, slamming Fain as a “dope” and vowing that he could revive the automobile industry in the United States.

Persons: Joe Biden, Donald Trump, Biden, –, Trump, Shawn Fain, “ Joe Biden, ” Fain, ” Biden, “, Fain, Julie Chavez Rodriguez, Dearborn Mayor Abdullah Hammoud, ” Chavez Rodriguez, Rashida Tlaib, Chavez Rodriguez, Biden’s, Karine Jean, Pierre, ”, Jean Pierre Organizations: Washington CNN, United Auto Workers, Michigan, Teamsters, Trump, UAW, Wednesday, Biden, CNN, Democratic Party, Democratic, Dearborn Mayor, ”, White Locations: Michigan, Washington, Detroit, United States, Israel, Gaza, Eastern, California, Virginia

Biden's meeting with UAW workers in the Detroit area will come just days after union President Shawn Fain announced the group's endorsement. said Abdullah Hammoud, the mayor of Dearborn, one of the largest Arab American communities in the nation. Biden is looking to build on that power as he seeks reelection and the state’s critical 15 electoral votes. Photos You Should See View All 45 ImagesHis visit to Michigan comes ahead of the state's Feb. 27 primary. The early endorsement by the UAW was a clear win for Biden, who came to Michigan to stand alongside striking autoworkers last year.

Persons: Joe Biden, Shawn Fain, Fain, — Joe Biden, ”, Abdullah Hammoud, Biden, Pennsylvania —, Donald Trump’s, Debbie Dingell, we've, Julie Chavez Rodriguez, Hammoud, Chavez Rodriguez, Israel, Sherry Gay, “, ” Biden, Worm, Sen, Jeremy Moss, Donald Trump, Joe Biden’s, ” ___ Long, Fatima Hussein Organizations: DETROIT, United Auto Workers, Michigan, UAW, Democratic, White House, Arab, Biden, Teamsters, Wednesday, Health Ministry, Israel, AP VoteCast, Trump, Republican Locations: Gaza, Detroit, Michigan, Israel, Dearborn, . Michigan, Wisconsin, Pennsylvania, U.S, Washington, “ Michigan, Arab, Palestine, Tel Aviv, Grand Rapids, New, Grand Rapids , Michigan

☆ Trump meets with Teamsters as he looks to peel off union voters from Biden
▼ + stars: | 2024-01-31 | by ( Gregory Krieg | Kristen Holmes | ) edition.cnn.com time to read: +7 min

Story highlights Trump is looking to attract union members, who have traditionally voted Democratic. CNN —Former President Donald Trump Wednesday met with Teamsters union leaders and members in Washington as his campaign tries to drive a wedge between President Joe Biden and one of his most loyal constituencies: organized labor. The Teamsters have twice endorsed against Trump, backing Hillary Clinton in 2016 and Biden four years later. “We’re not ceding any territory, any group, any demographic to Joe Biden,” one senior Trump adviser said of the campaign’s outreach to working class voters. The group said Biden had been invited to its headquarters on the same day as Trump.

Persons: Trump, Biden, Donald Trump, Joe Biden, Sean O’Brien, ”, John Palmer, “, ” Trump, Nikki Haley’s, ” Haley, Olivia Perez, Cubas, –, Robert F, Kennedy Jr, Cornel West, Asa Hutchinson, Marianne Williamson, Dean Phillips, ” O’Brien, Shawn Fain, Sean O'Brien, Sara Nelson, Elizabeth Frantz, Reuters O’Brien, Sen, Markwayne Mullin, O’Brien, Mullin, Vermont Sen, Bernie Sanders, Hillary Clinton, “ We’re, Fain, Cole Scandaglia, ” Fain, ” Biden, Kara Deniz, CNN’s Arlette Saenz, MJ Lee Organizations: Democratic, Teamsters, United Auto Workers, CNN, Biden, Trump, United States Army Veteran, Republican, ” Former South Carolina Gov, GOP, UPS, Arkansas Gov, Teamsters Union, UAW, Capitol, Reuters, Oklahoma Republican, Drake Enterprises, Ford, General Motors, National Labor Relations Board, Department of Transportation, Auto Workers, Automobile Manufacturing Industry Locations: Washington, Michigan , Wisconsin, Pennsylvania, Lago, United States, Arkansas, Minnesota, Washington ,, Oklahoma, Vermont, Detroit, Michigan

☆ Biden administration looks to forgive student debt of borrowers in hardship
▼ + stars: | 2024-01-31 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks to United Auto Workers members at the UAW's Community Action Program legislative conference in Washington, D.C., on Jan. 24, 2024. The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down President Joe Biden's executive order to cancel up to $20,000 in student debt for tens of millions of Americans, his administration has searched for ways to cancel the debt using existing legal authority. In what has become known as Biden's Plan B for student loan forgiveness, the president has turned to the rulemaking process. The Biden administration has been under pressure, however, to expand its aid to borrowers in financial hardship, too.

Persons: Joe Biden, Biden, Joe Biden's, Sen, Elizabeth Warren, Education Miguel Cardona, Jan Organizations: United Auto Workers, Washington , D.C, Department, Education, U.S . Department Locations: Washington ,

WASHINGTON (AP) — As he looks past the GOP primary and towards a likely general election rematch against President Joe Biden, Donald Trump will meet with members of the Teamsters Union in Washington Wednesday afternoon as he tries to cut into Biden's support. Trump is hoping to cut into that support as he casts himself as pro-worker and tries to exacerbate longstanding divisions between union leaders and rank-and-file members. While the Teamsters endorsed Biden in 2020 and Hillary Clinton in 2016, O'Brien stressed the union has “a very diverse membership. Wheaton estimates about 30% to 40% of its members voted for Trump in 2020, even though the union endorsed Biden. Teamsters members include UPS drivers, film and television workers, freight operators, members of law enforcement and other government workers.

Persons: Joe Biden, Donald Trump, Biden, Trump, Shawn Fain, “ Shawn Fain, ” Trump, “, Sean O’Brien, ” Biden, Lauren Hitt, Biden “, O’Brien, ”, —, Hillary Clinton, O'Brien, Wheaton, you’re, ” Wheaton, Fain, Nikki Haley, Trump’s, ___ Krisher, Seung Min Kim Organizations: WASHINGTON, GOP, Teamsters Union, Union, Democratic, AP, AFL, United Auto Workers, DJT, Automobile Industry, Workers, Teamsters, Trump, Fox Business, National Labor Relations Board, ”, Cornell University, Wheaton, Republican, UAW, UPS, American Federation of Teachers, American Federation of State, Municipal Employees, Associated Press Locations: Washington, Wisconsin, Michigan, Detroit, California, Wheaton, American Federation of State , County

And the company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts. Cost cutting by simplifying engineering and manufacturing saved GM about $1 billion last year, Jacobson said, with another $1 billion expected this year. The company expects EV losses to ease this year and hit low-to-mid single digit profit margins in 2025 as it adds more EVs to its lineup. It also took a $1.7 billion accounting charge on the valuation of its electric vehicle inventory that is going to bring losses, Jacobson said. This year, the company expects $1.3 billion in higher labor costs and is prepared for about a $3 billion hit due to lower prices, Jacobson said.

Persons: Paul Jacobson, “ It's, ” Jacobson, Jacobson Organizations: DETROIT, —, Motors, Detroit, North, United Auto Workers, GM, UAW, Chevrolet Bolt, Cruise, Revenue Locations: North American

☆ Trump seizes on US troops killed and border crisis to sell general election message
▼ + stars: | 2024-01-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump’s core general election argument is that President Joe Biden is weak and incapable as events spin out of control at home and abroad. Instead, we are on the brink of World War 3,” Trump said in a statement. So Trump’s picture of a world in disarray as Biden stands by helplessly may have some political potency. It remains to be seen whether voters will buy into the image Biden and his team are trying to paint of Trump. But his reemergence as the GOP’s likely nominee is also highlighting the extraordinary liabilities that he would carry into a general election.

Persons: Donald Trump’s, Joe Biden, ”, Trump, Biden, ” Trump, Joe Biden’s, Nikki Haley, Haley, Joe Biden weren’t, ” Haley, Republican Sen, Lindsey Graham of, Trump’s, – Trump, It’s, …, Mike Johnson, I’d, “, Democratic Sen, Christopher Murphy of, CNN’s Dana, Mitch McConnell, Johnson, it’s, Donald Trump, ” Biden, Nancy Pelosi, Shawn Fain, Jean Carroll, – Organizations: CNN, GOP, Trump, New, Democratic, Baptist, United, Republican, Republican Party, Christopher Murphy of Connecticut, Union, United Auto Workers, UAW, Washington Locations: Nevada, United States, Jordan, New Hampshire, South Carolina, East, Iran, Lindsey Graham of South Carolina, Louisiana, “ State, Ukraine, France, Trump

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