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They note that the job cuts have occurred mainly at factories that make parts for assembly plants that were closed by strikes. In one case, layoffs have been imposed at a factory that uses supplies from a parts factory on strike. The factories that have been affected by layoffs are in six states: Michigan, Ohio, Illinois, Kansas, Indiana and New York. UAW President Shawn Fain countered in a statement that the automakers were using layoffs to pressure the union into settling the strike. Once metal stamping factories that supply multiple assembly plants have produced enough parts for non-striking facilities, the companies would likely shut them down.

Persons: —, Sam Fiorani, Fiorani, ”, “, Bryce Currie, Shawn Fain, Fain, ” Fain, Ford, Stellantis, you've, Patrick Anderson Organizations: DETROIT, United Auto Workers, UAW, AutoForecast Solutions, Ford, General Motors, GM, Chevrolet Malibu, Sterling, ”, Anderson Economic, Suppliers Locations: Michigan , Ohio , Illinois , Kansas , Indiana, New York, Americas, Kansas City , Kansas, Wentzville , Missouri, Lockport , New York, Toledo , Ohio, Marion , Indiana, Parma , Ohio, Lansing , Michigan, Wayne , Michigan, Chicago, Sterling Heights, Livonia , Michigan, Cleveland, Lima , Ohio, Trenton , Michigan, Kokomo , Indiana, Toledo

☆ US automakers increase strike layoffs by more than 800
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 9 (Reuters) - Chrysler-parent Stellantis (STLAM.MI) said on Monday it is laying off another 570 workers and General Motors (GM.N) announced cuts of nearly 200 employee due to the United Auto Workers strike. Ford said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the strike began. Stellantis, which has had a total of 640 layoffs, said the latest include 520 at its Trenton, Michigan engine plant as well as 50 at an Indiana casting plant. GM increased its layoffs by 200 to 2,300, affecting six plants including its Lansing, Michigan, stamping plant and a Toledo, Ohio, plant.

Persons: Rebecca Cook, Ford, Stellantis, David Shepardson, Mark Porter, Cynthia Osterman Organizations: General Motors, REUTERS, Chrysler, United Auto Workers, Thomson Locations: Detroit , Michigan, U.S, Michigan, Trenton , Michigan, Indiana, Lansing , Michigan, Toledo , Ohio

☆ GM expands strike layoffs by nearly 200 workers
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 9 (Reuters) - General Motors (GM.N) on Monday said it was laying off nearly 200 additional workers due to the United Auto Workers strike, adding a sixth impacted plant. The Detroit automaker last week said about 2,100 workers had been impacted by the strike of two of its assembly plants in Missouri and Michigan and 18 parts distribution centers. GM on Monday said about 2,300 workers are now impacted, including 70 layoffs at its Lansing, Michigan, stamping plant and about 70 additional layoffs at a Toledo, Ohio, plant. GM said workers are not expected to return until the strike is resolved.

Persons: Rebecca Cook, David Shepardson, Mark Porter Organizations: General Motors, REUTERS, United Auto Workers, Detroit, GM, Thomson Locations: Detroit , Michigan, U.S, Missouri, Michigan, Lansing , Michigan, Toledo , Ohio

☆ Sweden pledges more military aid to Ukraine, considers fighter jets
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Swedish Defence Minister Pal Jonson walks to pose for a family photo with other attendees during the informal EU ministerial meeting on defence in Toledo, Spain August 30, 2023. REUTERS/Isabel Infantes/File photo Acquire Licensing RightsSTOCKHOLM, Oct 6 (Reuters) - Sweden will send Ukraine a new military support package worth 2.2 billion crowns ($199 million) - consisting mainly of artillery ammunition - and is looking into sending fighter jets, Defence Minister Pal Jonson said. But he reiterated that Sweden would for domestic security reasons need to become member of NATO before it would be able to potentially spare any fighter jets. The new military aid package will be Sweden's 14th to Ukraine since Russia's invasion, taking the total value of the Nordic country's such aid to just over 22 billion crowns. "It is now important that more countries step up to support Ukraine."

Persons: Pal Jonson, Isabel Infantes, Jonson, Jas, Volodymyr Zelenskiy, Anna Ringstrom, Louise Breusch Rasmussen, Essi Lehto, Philippa Fletcher Organizations: Swedish, REUTERS, Rights, NATO, Thomson Locations: Toledo, Spain, Rights STOCKHOLM, Sweden, Ukraine, Turkey, Hungary, Granada, Russia, Europe, U.S, Copenhagen

☆ Why Wall Street investors are freaking out
▼ + stars: | 2023-10-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s why investors are freaking out:Rates and the Fed: A surge in corporate debt sales and rising bond yields have sent stocks lower. Moody’s, the only major credit rating firm to keep a perfect score for the United States, has warned that a government shutdown would be “credit negative” for the United States. Geopolitical risks are still elevated as Russia’s war on Ukraine continues and relations between the United States and China remain tense. October also marks the end of the fiscal year for many mutual funds in the United States. Statistical evidence doesn’t quite support the phenomenon, but the level of superstitious caution on Wall Street is real.

Persons: Kevin McCarthy, ”, Michael Reinking, Mark Twain, ” Sam Bankman, Sam Bankman, Allison Morrow, Judge Lewis Kaplan, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, Dow, Federal Reserve, Fed, Markets, Republicans, “, Prosecutors, GM, Ford, Motors, United Auto Workers, Michigan Assembly, Jeep, Dodge, Chrysler, UAW Locations: New York, America’s Congress, United States, Ukraine, China, Manhattan, Fairfax, Kansas City , Kansas, Toledo, Lockport, Michigan, Wayne , Michigan, Kokomo , Indiana

☆ Ford makes new offer in US labor dispute, GM furloughs more workers
▼ + stars: | 2023-10-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The Dearborn, Michigan automaker said the new offer boosted wages for temporary workers, increased company 401(k) contributions and had further shrunk time needed to get to the top wage rate. UAW President Shawn Fain on Friday expanded the first-ever simultaneous strike against the Detroit Three to a GM Lansing, Michigan, plant and a Ford Chicago assembly plant, but Stellantis was spared after last-minute concessions. The UAW said on Monday it presented a new contract offer to General Motors (GM.N). Earlier Tuesday, GM said it furloughed 163 UAW workers at GM’s Toledo Propulsion Systems plant that makes transmissions for both the automaker's Missouri and Lansing Delta Township assembly plants that are on strike. On Monday, GM and Ford said they laid off another 500 workers at four Midwestern plants because of the impact of the strike.

Persons: Shawn Fain, Stellantis, Ford, Jim Farley, David Shepardson, Matthew Lewis, Chris Reese Organizations: Ford, United Auto Workers, UAW, Detroit, General Motors, GM, Chrysler, Propulsion Systems, Anderson Economic, Thomson Locations: Dearborn, Michigan, Lansing , Michigan, Ford Chicago, Missouri, Lansing Delta, Kansas, Ohio, Indiana, Washington

☆ GM furloughs another 163 workers due to UAW strike
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Oct 3 (Reuters) - General Motors (GM.N) said on Tuesday it was laying off another 163 workers in Ohio because of the ongoing United Auto Workers strike at two assembly plants and 18 parts distribution centers. The Detroit automaker said it had furloughed another 163 UAW workers at GM’s Toledo Propulsion Systems plant that makes transmissions for both the Missouri and Lansing Delta Township assembly plants that are on strike. GM said in total it has been forced to layoff 2,100 workers at five plants in four states including halting production at its Kansas car plant because of the strike. Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson, Chris Reese Organizations: General Motors, United Auto Workers, Detroit, UAW, Propulsion Systems, Missouri and, GM, Thomson Locations: Ohio, Missouri and Lansing Delta, Kansas

New York CNN —General Motors and Ford are laying off 500 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union at those companies on Friday. General Motors said it was laying off 164 workers at stamping plants in Parma, Ohio, and Marion, Indiana. Ford said it laid off 330 workers at its Chicago Stamping Plant and Lima Engine Plant following the union’s decision Friday to strike its Chicago Assembly plant, which made the Ford Explorer and Lincoln Aviator SUVs. It had previously laid off 600 hourly workers at the Michigan Assembly plant in Wayne, Michigan who were not on strike. Those benefits for both strikers and laid-off UAW members will cost the union about $14.3 million a week, but it went into the strike with $825 million in its strike fund.

Persons: General Motors, Marion, ”, Ford, “ Organizations: New, New York CNN —, Motors, Ford, United Auto Workers, General, Lansing Delta, GMC, Traverse, Buick, Chicago Assembly, Ford Explorer, Lincoln Aviator, Michigan Assembly, Jeep, Dodge, Chrysler, UAW, Anderson Economics Group, CNN Locations: New York, Parma , Ohio, Marion , Indiana, Wentzville , Ohio, Lansing, Lansing , Michigan, Colorado, Parma, Fairfax, Kansas City , Kansas, Toledo, Lockport, Chicago, Michigan, Wayne , Michigan, Kokomo , Indiana

☆ Botswana reassessing HB Antwerp deal after Lucara Diamond cuts ties
▼ + stars: | 2023-09-28 | by ( Brian Benza | ) www.reuters.com time to read: +2 min

An over 1,000-carat uncut stone by Lucara Diamond is pictured during a press availability in New York City, New York, U.S., September 20, 2021. Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called "a material breach of financial commitments by HB". Diamond processor and trader HB Antwerp earlier this month removed one of its three co-founders, Oded Mansori, from management following differences over strategy. Mansori, who co-founded HB Antwerp in 2020 with partners Shai de Toledo and Rafael Papismedov, said he was taking them to court over his removal. HB and Lucara first entered into a diamond sales agreement in 2020, which was extended for 10 years in 2022.

Persons: Lucara Diamond, David, Dee, Delgado, Mokgweetsi Masisi, Masisi, Oded, Shai de Toledo, Rafael Papismedov, Lucara, Brian Benza, Nelson Banya, Mark Potter, Jan Harvey Organizations: REUTERS, Rights, HB Antwerp, HB Trading, HB, Okavango Diamond Company, Lucara, Thomson Locations: New York City , New York, U.S, Rights GABORONE, Belgian, Botswana

☆ Winning is all that counts at Ryder Cup, until it isn't
▼ + stars: | 2023-09-28 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Since the Ryder Cup began in 1927 there have been only two tied matches. There followed a series of terrifically close matches but only in 1989 at The Belfry did one finish level at 14-14 with Europe retaining the title having led 14-10 only to lose the last four singles. In cricket I think retaining the Ashes is a big thing. You have a completely new team, for instance, at the Solheim Cup, and they tied. Perhaps the best approach is that of US Solheim Cup captain Stacy Lewis, who reviewing the draw that was an effective defeat, decided to view it as a victory anyway.

Persons: Ryder, Marco Simone Golf, Zach Johnson, Phil Noble, Jack Nicklaus’s, Tony Jacklin’s, ”, “, ‘ jeez, Rory McIlroy, we’ve, Justin Rose, doesn’t, Max Homa, I've, I'm, Justin Thomas, Englishman Tyrrell Hatton, Stacy Lewis, Mitch Phillips, Toby Davis Organizations: Country Club, Ryder, Team USA, Rights, Solheim, Britain, Royal, U.S, Cricket, US Solheim, Europe, Thomson Locations: Rome, Italy, Spain, Europe, Britain, Ireland, Medinah, Toledo

☆ Can the U.S. Make Solar Panels? This Company Thinks So.
▼ + stars: | 2023-09-26 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

For more than two decades, workers at a factory in Perrysburg, Ohio, near Toledo, have been making something that other businesses stopped producing in the United States long ago: solar panels. How the company that owns the factory, First Solar, managed to hang on when most solar panel manufacturing left the United States for China is critical to understanding the viability of President Biden’s efforts to establish a large domestic green energy industry. Mr. Biden and Democrats in Congress last year authorized hundreds of billions of dollars in federal incentives for manufacturing solar panels, wind turbines, batteries, electric cars and semiconductors. The efforts amount to one of the most expansive uses of industrial policy ever attempted in the United States. But nobody is entirely sure whether these investments will be durable, especially in businesses, like battery or solar panel manufacturing, where China’s domination is deep and strong.

Persons: Biden’s, Biden Locations: Perrysburg , Ohio, Toledo, United States, China

Hong Kong/Taipei CNN —China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues. I am glad that we made progress in addressing some market access issues,” Valdis Dombrovskis said in a statement. Hours before meeting He on Monday, Dombrovskis said China’s trade practices have forced the European Union to become more assertive in its dealings with the world’s second largest economy. China recently slapped export curbs on two semiconductor materials in a warning shot to Europe and the United States, after they imposed restrictions on China’s access to advanced chipmaking equipment. Moscow has become increasingly dependent on Beijing since its full-scale invasion of Ukraine in 2022, with trade between Russia and China soaring this year.

Persons: rebalancing, ” Valdis Dombrovskis, Dombrovskis, ”, ” Jorge Toledo, it’s, ” Dombrovskis, — Laura Organizations: Taipei CNN —, European Union, European Commission, EU, Union, Tsinghua University, China, Reuters Locations: China, Hong Kong, Taipei, Taipei CNN — China, Beijing, ”, EU, Europe, United States, Ukraine, Moscow, Russia

Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Striking auto workers say they would like to see more support from elected officials as they push to get companies to share more of the profits. Republicans believe Biden's push to electrify America's vehicle fleet, by pumping billions of dollars of tax rebates into EV manufacturing, is unpopular with auto workers. In Michigan, Trump will criticize Biden's economic policies and incentives promoting EVs and say he would do a better job of protecting blue-collar workers if elected to a second term, Miller added. Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Nalio Chery, Joe Biden, Donald Trump, Biden, Shawn Fain, Fain, Dave Urban, Brandon Cappelletty, Trump, Robert Bruno, Ronald Reagan, Jason Miller, Miller, Karen Finney, Finney, Theodore Roosevelt, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Jamie Freed Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, REUTERS, Rights, Republican, Biden, Trump, General Motors, Ford, Chrysler, University of Illinois, Michigan, EV, Democratic, White House, Thomson Locations: Wayne , Michigan, U.S, Dieu, Michigan, Wayne County , Michigan, Detroit, Toledo , Ohio, Pennsylvania, Wisconsin, Biden's Michigan, Kansas City

☆ EU trade chief promises more 'assertive' approach to China as deficit soars
▼ + stars: | 2023-09-25 | by ( Laura He | ) edition.cnn.com time to read: +4 min

And we will be more assertive in tackling unfairness.”The trade chief’s visit comes as tensions flare between the bloc and China over trade imbalances and geopolitical issues. The bloc’s trade deficit with China hit 396 billion euros ($421 billion) last year, which was “the highest in the history of mankind,” Jorge Toledo, the EU ambassador to China, was quoted by Reuters as saying. Dombrovskis said China’s new foreign relations law and its newly broadened counter-espionage law, in particular, were of “great concern” to European business. Two months later, it unveiled a sweeping foreign relations law enshrining its right to impose “countermeasures” against actions that it deems a threat. Russia has become increasingly dependent on China since the Kremlin ordered the full-scale invasion of Ukraine in February 2022.

Persons: Hong Kong CNN —, Valdis Dombrovskis, “, ” Dombrovskis, ” Jorge Toledo, Dombrovskis, ”, enshrining, Vladimir Putin, — Lucas Liliholm, Manveena Suri Organizations: Hong Kong CNN, Union, Tsinghua University, EU, China, Reuters, European Union, West, EU Chamber of Commerce, Kremlin Locations: China, Hong Kong, Beijing, Europe, EU, United States, Ukraine, Russia

Dombrovskis, who is also the bloc's trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. Citing the bloc's trade deficit as an example, he added "the EU also needs to protect itself in situations when its openness is abused." LITMUS TESTThe EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A "thousand" barriers to market access have propelled the trade deficit to its "highest in the history of mankind", EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. One with whom the EU wishes to work towards a more balanced trade and investment relationship."

Persons: Valdis Dombrovskis, Jason Xue, Dombrovskis, China Jorge Toledo, Lifeng, Moscow, Brenda Goh, Albee Zhang, Shri Navaratnam, William Mallard Organizations: European Commission, Reuters, REUTERS, Rights, European Union, Bund Summit, EU, Global Times, Thomson Locations: Shanghai, China, Moscow, Russian, Ukraine, Beijing, Dombrovskis

☆ Despite all the gloom, we're buyers going into next week. These 3 things are on our radar
▼ + stars: | 2023-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio

MADISON, Wis. (AP) — The Great Lakes’ frigid fresh water used to keep shipwrecks so well preserved that divers could see dishes in the cupboards. Quagga mussels, native to Russia and Ukraine, were discovered in the Great Lakes in 1989, around the same time as their infamous cousin species, zebra mussels. Scientists believe the creatures arrived via ballast dumps from transoceanic freighters making their way to Great Lakes ports. They consume so many nutrients at such high rates they can render portions of the murky Great Lakes as clear as tropical seas. After 30 years of colonization, quaggas have displaced zebra mussels as the dominant mussel in the Great Lakes.

Persons: Tamara Thomsen, Wayne Lusardi, ”, they're, quaggas, Harvey Bootsma, Edmund Fitzgerald, Gordon Lightfoot, Daniel J, Carl D, Bradley, Frank H, Moody, Brendon Baillod, Bob Jaeck, Baillod, Milwaukee's Bootsma, “, ” Baillod Organizations: Tuskegee, “, University of California, Riverside’s, Species Research, Biologists, University of Wisconsin, Milwaukee's, Freshwater Sciences, Tuskegee Airmen, Tuskegee Army Air Field, UW Locations: MADISON, Wis, Canadian, Ontario, ” Wisconsin, Superior, Lake Huron, Swiss, Russia, Ukraine, Great, Great Lakes, Lake Michigan, Lake Superior, Cedarville, Straits, Mackinac, Alabama, Madison, Trinidad, Algoma , Wisconsin, Michigan, Milwaukee, Detroit, Chicago, Toledo , Ohio

Biden is running for re-election in 2024 and will likely face Trump, who is the frontrunner for the Republican presidential nomination. "The only reason Biden is going to Michigan on Tuesday is because President Trump announced he is going on Wednesday," the Trump campaign said in a statement late on Friday. Trump has called for rank-and-file union workers to ignore their leaders. United Auto Workers President Shawn Fain blasted Trump earlier in the week, saying the union was "fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers." Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Donald Trump, I’ll, Trump, Jeremi Suri, Jimmy Carter, Biden's, CLASS, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot, “, Laura Zielinski, ” Thomas Morris, Morris, Heather Timmons, Jeff Mason, Ben Klayman, David Gaffen, Kanishka Singh, Jarrett Renshaw, Matthew Lewis, Nick Zieminski, Alistair Bell, Timothy Gardner Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, Detroit, UAW, Republican, Friday, General Motors, Chrysler, Ford Motor, University of Texas, Washington, CLASS Trump, White House, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, Michigan, United States, Austin, Detroit, Toledo , Ohio, Toledo, Philadelphia, Washington, New York

☆ Biden visit to UAW strike would be historic move by US president
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +4 min

The UAW on Friday invited Biden to visit workers on its picket lines, and said that it would expand its Detroit strike to parts distribution centers across the United States at General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI). "It’s very rare for a president to visit strikers," said Jeremi Suri, a historian and presidential scholar at the University of Texas at Austin. The White House said the president appreciates the UAW invitation, saying Biden will continue to fight for workers, but but did not immediately commit to visiting the strikers. Biden said the automakers should "go further to ensure record corporate profits mean record contracts for the UAW," echoing sentiments by union leaders. Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Jeremi Suri, Jimmy Carter, Biden's, Donald Trump, Trump, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot Lodge, “, Laura Zielinski, Heather Timmons, Ben Klayman, David Gaffen, Matthew Lewis, Nick Zieminski Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, UAW, Friday, Detroit, General Motors, Chrysler, Ford Motor, University of Texas, Washington, Trump, White House, Massachusetts, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, United States, Austin, Detroit, Toledo , Ohio, Toledo, Washington, New York

☆ Striking auto workers target 38 new GM and Stellantis plants as strike enters second week
▼ + stars: | 2023-09-22 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

The United Auto Workers union expanded its strike on Friday, as the stoppage entered a second week. Striking workers are asking for pay raises and calling attention to how much their CEOs make. The UAW has other demands, including a 32-hour work week for 40 hours of pay and a restoration of traditional pension plans for newer workers. Fain said earlier this week he would call on workers at more plants to strike unless there was significant progress in contract negotiations with the carmakers. One week ago, workers went on strike a week ago at three assembly plants — a Ford factory near Detroit, a GM plant outside St. Louis, and a Jeep plant owned by Stellantis in Toledo, Ohio.

Persons: Ford, Shawn Fain, Fain, Friday, Louis, Mark Truby, Jonah Furman Organizations: United Auto Workers, Ford, UAW, Service, Motors, Stellantis, Detroit News, GM Locations: Wall, Silicon, Detroit, Wentzville , Missouri, Toledo , Ohio, St

New York CNN —The United Auto Workers union is expanding its strike against GM and Stellantis but said that progress in negotiations with Ford means it won’t expand the number of Ford workers on the picket lines. “At noon Eastern today, all parts distributions centers at General Motors and Stellantis will be on strike,” he said. Still the announcement of progress at Ford raised hopes that the strike, at least at there, could be brought to a relatively quick end. But the UAW’s expanded strike is now targeting the parts distribution centers for GM and Stellantis. As of 10:30 am ET, Stellantis (STLA) is up 0.98%; Ford (F) is up 3.57%; and GM (GM) is up 0.7%.

Persons: Shawn Fain, ”, “, Fain, “ Ford, ” Ford, Ford, Bill Pugliano, ” Shawn Fain, Tesla Organizations: New, New York CNN, United Auto Workers, GM, Ford, UAW, General Motors, Ford Michigan Assembly Plant, Stellantis, Jeep, Dodge, Chrysler, Big, Facebook, UAW International Union Locations: New York, Wayne , Michigan, Wentzville , Missouri, Toledo –, North America, Virginia, California, America, Auburn Hills , Michigan

The nation’s biggest automakers – and car buyers everywhere -- will learn Friday whether the United Auto Workers union will escalate its strike over a demand for higher wages, a shorter work week and other benefits. Fain said earlier this week he would call on workers at more plants to strike unless there was significant progress in contract negotiations with the carmakers. Bargaining continued Thursday, although neither side reported any breakthroughs, and they remained far apart on wage increases. The companies have laid off a few thousand more, saying some factories are running short on parts because of the strike. If the deal is ratified, Unifor expects that GM and Stellantis will agree to similar contracts for Canadian workers.

Persons: Shawn Fain, Fain, Louis, Unifor, Stellantis, ” Ford, “ It’s, Mark Truby, Jonah Furman Organizations: United Auto Workers, UAW, Ford, General Motors, Workers, Stellantis, Canadian, GM, Detroit News Locations: Detroit, St, Toledo , Ohio

☆ Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
▼ + stars: | 2023-09-21 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Striking United Auto Workers members picket outside the Stellantis Jeep plant in Toledo, Ohio, U.S. September 19, 2023. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). The city is home to Ford's Louisville assembly plant and its Kentucky truck plant. Ford CEO Jim Farley has previously said the Kentucky truck plant, which assembles F-Series trucks, is the company's most profitable plant globally. Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Rebecca Cook, Stellantis, Shawn Fain, We're, Jim Farley, Ram, Eikon, Fain, Mark Reuss, Reuss, Hyunjoo Jin, Jamie Freed Organizations: United Auto Workers, REUTERS, UAW, Detroit Three, General Motors, Ford, Chrysler, Wednesday, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Toledo , Ohio, U.S, furloughing, Louisville , Kentucky, Louisville, Kentucky, San Francisco

☆ Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis
▼ + stars: | 2023-09-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

Headline economic issues and benefits such as hourly pay, retirement benefits, cost-of-living adjustments, wage progression and work-life balance remain central to the discussions. Here's a general overview of where the union and companies stand on key issues. Wage tiers — putting autoworkers into distinct pay ranges or classifications — is a tricky, moving target. The companies and union have defined tiers differently during past negotiations as well as during the talks this year. UAW leaders are specifically concerned with vehicle production commitments at Stellantis, which has proposed closing, selling or consolidating 18 facilities.

Persons: Ryan Sullivan, Chris Sanders, Stone, Casey Miner, Kennedy R, Barbee, Stephen Brown, Sarah Rice, Shawn Fain, Mark Reuss, there's, wouldn't, GM Organizations: United Auto Workers, Jeep, Getty, DETROIT, Detroit, UAW, General Motors, Ford Motor, Union, Media, GM, Ford Locations: Toledo , Ohio, Michigan , Ohio, Missouri, Wells Fargo, Here's, Stellantis

But union leaders say Trump's record in the White House speaks for itself. While the United Auto Workers union has withheld an endorsement in the 2024 presidential race, its leadership has repeatedly rebuffed Trump. Despite Trump's history of success in courting blue-collar workers in previous elections, union leaders say their members would do well to believe their own eyes. As president, Trump largely sat on the sidelines during a 40-day walkout at a General Motors plant in 2019. “President Trump has always been on the side of American workers,” his campaign spokesman Steven Cheung said in a statement.

Persons: Donald Trump, he’ll, Trump, “, Dave Green, Mark McManus, Ron Bieber, you’re, Peter Berg, ”, Steven Cheung, Cheung, Joe Biden, ” Trump, Trump's, Green, ” Green, “ Banks, Biden, Price, Linley Sanders Organizations: Detroit, United Auto Workers, Union, U.S, Supreme, Trump, UAW, Ohio, National Labor Relations Board, Republican, Trump -, ” Michigan AFL, Associated Press, Michigan State University, General Motors, Republicans, Democratic Party, AP, Democrats Locations: LANSING, Mich, Trump, Michigan, Detroit, Toledo , Ohio, Indiana, ”, California, U.S, Ohio, Lordstown , Ohio, Pennsylvania, Wisconsin, New York, Washington

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