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REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 9 (Reuters) - Union workers at Volvo Group (VOLVb.ST)-owned Mack Trucks went on strike on Monday after overwhelmingly rejecting a proposed five-year contract, the United Auto Workers said, the latest tentative labor agreement to be voted down. In online forums, some Mack workers complained the raise was too small to keep up with inflation. Canadian workers at GM also face a contract talk deadline at midnight on Monday that could lead to another strike. Mack President Roy said the company "clearly demonstrated our commitment to good-faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council." "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.
Persons: Rebecca Cook, Mack Trucks, Detroit's, Mack, Shawn Fain, Stephen Roy, GM's, Mack President Roy, Roy, Fain, Ford, David Shepardson, Abhijith, Arun Koyyur, Matthew Lewis, David Gregorio Our Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Detroit's Big, Unions, FedEx, Detroit Three, General Motors, Ford Motor, Chrysler, GM, Ford, International UAW, UAW Mack Truck Council, Volvo, Detroit, Deutsche Bank, Anderson Economic, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, Washington, Bengaluru
A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers - covering 4,000 workers in Pennsylvania, Florida and Maryland - voted against the deal, the UAW said. After Mack workers voted down the deal, the UAW sent a strike notice to the company saying "many topics" remain at issue, including wage increases, cost-of-living allowance, job security and wage progression. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.
Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Abhijith Ganapavaram, Jacqueline Wong, Jamie Freed, Michael Perry, Arun Koyyur Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, U.S, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States
A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers voted against the deal covering 4,000 workers in Pennsylvania, Florida and Maryland, the UAW said. The proposed Mack deal had included a 19% pay hike, a $3,500 ratification bonus, improved retirement benefits, additional vacation for some employees and a reduction in the time needed to get to top pay. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "As you are aware, UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.
Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Jacqueline Wong, Jamie Freed, Michael Perry Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States
New York CNN —The United Auto Workers (UAW) says its members have voted to reject a tentative agreement with Mack Trucks and will go on strike Monday. Stephen Roy, president of Mack Trucks, was quoted by Reuters as saying he was “surprised and disappointed” that the union had chosen to strike. CNN has reached out to Mack Trucks for comment. Mack Trucks is one of the major US makers of heavy duty and medium duty trucks, with deliveries of 27,000 in 2022 and 16,000 for the first half of 2023. Rejecting dealsIt has become more common in recent years for rank-and-file union members to vote down tentative labor agreements reached by their union leadership.
Persons: Mack Trucks, “ I’m, Mack, Shawn Fain, Stephen Roy, , China’s Geely, Fain, Joe Biden, John Deere Organizations: New, New York CNN, United Auto Workers, UAW, Twitter, Reuters, International UAW, UAW Mack Truck Council, CNN, Sweden’s Volvo Group, Volvo, Big Three, , Motors, Ford, Jeep, Dodge, Chrysler, FedEx, Mack, Cornell University School of Industrial and Labor Relations, Kaiser Permanente Locations: New York
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. DETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after a majority of members rejected a tentative agreement reached last week by the union and company. The tentative agreement was voted down by 73% of UAW members who voted, the union said Sunday night. The Mack Trucks workers will add to tens of thousands of other striking UAW members, most notably more than 25,000 employees with General Motors , Ford Motor and Stellantis . Mack Trucks President Stephen Roy said the company is "surprised and disappointed that the UAW has chosen to strike, which we feel is unnecessary."
Persons: Mack Trucks, Shawn Fain, Mack, what's, Fain, Detroit autoworkers, Stephen Roy Organizations: UAW, DETROIT –, United Auto Workers, Workers, General Motors, Ford Motor, Detroit, Volvo Group, Detroit automakers, CNBC Locations: Chicago , Illinois, DETROIT, Pennsylvania , Maryland, Florida
DETROIT (AP) — Union workers at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday, the United Auto Workers union says. Union President Shawn Fain said in a letter to Mack parent company Volvo Trucks that 73% of workers voted against the deal in results counted on Sunday. Union leaders had reached a tentative agreement on the deal on Oct. 1. Fain wrote that UAW members and workers across the country are seeking their fair share in wages and benefits. Mack Trucks President Stephen Roy said in a statement Sunday night that the company is “surprised and disappointed” that the union chose to strike.
Persons: Mack Trucks, Shawn Fain, Mack, Fain, Ford, Stephen Roy, Organizations: DETROIT, , Mack, United Auto Workers, Volvo Trucks, UAW, Union, North America, General Motors, Ford, GM Locations: Pennsylvania , Maryland, Florida, U.S
GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.
Persons: , Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln
Mack Trucks and UAW announced the tentative agreement early Monday, followed by releasing "highlights" of the deal later in the week to members. Neither UAW nor Mack Trucks have publicly released the tentative contract ahead of employee meetings to detail the agreement and voting this weekend. Another Mack Trucks worker descried the deal as "disgraceful" and an "insult" compared to their expectations and what's currently being negotiated by UAW international leaders with the Detroit automakers, also known as the Big Three. "They are just pushing this [tentative agreement] through so they don't have to deal with us while the Big Three are negotiating." United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.
Persons: Rebecca Cook, Mack Trucks, Shawn Fain, Mack, They've, it's, Fain, what's Organizations: United Auto Workers, General Motors Lansing Delta Plant, Reuters DETROIT — United Auto Workers, Volvo Group, Detroit automakers, UAW, General Motors, Ford Motor, Lehigh Valley Operations, CNBC, Detroit Locations: Delta Township , Michigan, Pennsylvania
"Our strike is working, but we’re not there yet," UAW President Shawn Fain said in a livestreamed update on negotiations with the three automakers. Threatening to strike against GM's Arlington, Texas, plant that makes cash-cow SUVs like the Cadillac Escalade spurred GM to agree that EV battery factories would become union plants with UAW contracts, Fain said. GM is building three Ultium joint-venture battery plants with South Korea's LG Energy Solution (373220.KS). GM is building a fourth U.S. battery plant with Samsung SDI (006400.KS) in Indiana. Fain also said on Friday that the UAW could still strike against highly profitable pickup truck plants if progress stalls.
Persons: Rebecca Cook, General Motors, we’re, Shawn Fain, GM's, Fain, Sam Fiorani, Ultium, Harley Shaiken, Jim Farley, Ford, Stellantis, Mark Stewart, Tesla, Elon, we've, walkouts, Joe White, David Shepardson, Abhirup Roy, Dan Burns, Ben Klayman, Abhijith, David Gaffen, Peter Henderson, Nick Zieminski, Matthew Lewis Organizations: United Auto Workers, General Motors Lansing Delta, Michigan U.S, REUTERS, Detroit Three, UAW GM, UAW, GM, Ford, Detroit, General, Ford Motor, Chrysler, EV, AutoForecast Solutions, Korea's LG Energy, Democratic U.S, Samsung SDI, University of California, LG, Samsung, American, Reuters Graphics Reuters, Thomson Locations: Delta Township, Michigan, DETROIT, GM's Arlington , Texas, U.S, Ohio, Indiana, Berkeley, Milan, Detroit, Washington
Striking United Auto Workers members, from the General Motors Lansing Delta Plant, picket on a street corner in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 6 (Reuters) - The United Auto Workers (UAW) said on Friday General Motors will allow workers at joint-venture battery plants to be covered by a labor agreement, removing one of the major sticking points in negotiations. However, an agreement with the 'Detroit Three' automakers remains elusive, UAW President Shawn Fain said on Friday, though he held off on expanding ongoing, coordinated strikes, citing progress in talks. As the union's strike enters its 22nd day, here is a timeline of events beginning with the election of Fain in March:Reporting by Ananta Agarwal and Priyamvada C in Bengaluru; Editing by Shailesh Kuber, Sriraj Kalluvila, Arun Koyyur and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Rebecca Cook, Shawn Fain, Fain, Ananta Agarwal, Priyamvada, Shailesh Kuber, Sriraj Kalluvila, Arun Koyyur Organizations: United Auto Workers, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, UAW, Friday General, Thomson Locations: Delta Township, Michigan, Detroit, Bengaluru
A video address by Fain is scheduled for 2 p.m. EDT (1800 GMT) and will cover substantive bargaining updates, people familiar with the UAW's plans said. In the UAW version, the winner offers richer contract terms, and gets a week without a new strike. Fain's Friday video addresses have become must-see events since he launched coordinated strikes at GM, Ford and Stellantis plants shortly after midnight on Sept. 15. So far, the union has ordered walkouts at five assembly plants and 38 parts depots operated by GM and Stellantis. Last Friday, Fain called off a strike planned at one of Stellantis' assembly plants after the automaker delivered new proposals minutes before the scheduled start of his talk.
Persons: Shawn Fain, Fain, Tesla, Elon, Ford, walkouts, Joe White, Matthew Lewis Organizations: DETROIT, United Auto Workers, Detroit Three, Detroit, Detroit automakers, Facebook, UAW, General Motors, Ford Motor, Chrysler, GM, Ford, Reuters Graphics Reuters, Thomson Locations: Detroit
This is the first week since targeted strikes by the UAW started on Sept. 15 that the union will not expand the work stoppages at GM, Ford Motor or Chrysler-parent Stellantis . GM, with its battery plant in Ohio, is the only Detroit automaker with a joint venture battery plant in operation and unionized in the U.S. watch nowElectric vehicle battery plants have been a major point of contention in this year's talks between the union and the three Detroit automakers. Officially, because they're owned by joint ventures, the battery plants aren't covered by the automakers' agreements with the union. Ford CEO Jim Farley said last week that the UAW is "holding the deal hostage over battery plants."
Persons: Shawn Fain, Fain, We've, Jim Farley, Ford, Mark Stewart, who's, Stewart, Rebecca Cook Organizations: GM, Detroit automakers, DETROIT, United Auto Workers, Detroit, General Motors, UAW, Ford Motor, Chrysler, Arlington Assembly, U.S, LG Energy, Samsung SDI, Ford, North, General Motors Lansing Delta Plant Locations: Arlington, Ohio, United States, U.S, North America, Delta Township , Michigan
DETROIT (AP) — The United Auto Workers union said Friday it will not expand its strikes against Detroit's three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants. He said GM made the change after the union threatened to strike at a plant in Arlington, Texas, that makes highly profitable large SUVs. Political Cartoons View All 1202 Images“Today, under the threat of a major financial hit, they leapfrogged the pack in terms of a just transition” from combustion engines to electric vehicles, he said. Battery plants are key to the union's survival as the auto industry makes a generational transition from internal combustion engines to vehicles that run on electricity. The automakers have resisted bringing battery plants into the national UAW contracts, contending the joint venture partners must be involved in the talks.
Persons: General Motors, Shawn Fain, Fain, GM's, , we’re, , Marick, ” Masters, Ford, haven’t, Stellantis didn’t Organizations: DETROIT, United Auto Workers, Detroit's, General, GM, UAW, Wayne State University, “ GM, SK, Ford, nonunion Locations: Arlington , Texas, Korean, Detroit, South Korea, Lansing , Michigan, Chicago, nonunion U.S, Missouri , Ohio, Michigan
GM agreed to have the workers at its future EV battery plants be covered by the national labor agreement governing other UAW members at GM, Fain said, after the UAW threated an expansion of the strike to a GM plant in Arlington, Texas, that assembles the company’s full-sized SUVs. GM has in the past insisted that workers in battery facilities are not GM employees, since the plants are run by joint ventures it has with Asian battery companies. Then on September 29 the UAW declined to expand the strike against Stellantis, once again citing progress in talks, but added a strike against one assembly plant each at GM and Ford. The union has said all along it stood ready to expand the strike to increase pressure on the companies. Fain described the Arlington plant “GM’s biggest money maker.”“It was that threat that brought GM to the table,” he said.
Persons: Shawn Fain, Ford, Fain, , GM, ” Fain, , we’re, “ It’s, “ We’ve, it’s, Cadillac Escalade Organizations: New, New York CNN — United Auto Workers, General Motors, GM, EVs, UAW, , Workers, EV, Ford, Stellantis, Chevrolet, GMC Yukon, Cadillac Locations: New York, Arlington , Texas, Suburban, Arlington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW President Shawn Fain: Our goal has always been to win a record contractCNBC'S Dom Chu joins 'Power Lunch' to report on the takeaways from UAW president's Facebook Live.
Persons: Shawn Fain, CNBC'S Dom Chu Organizations: UAW, Facebook
GM, Ford, and some suppliers are resorting to layoffs. AdvertisementAdvertisementThe ripple effects of the UAW's unprecedented strike at Ford, GM, and Stellantis are getting wider as the work stoppages stretch through a third week. The UAW responded on X, formerly known as Twitter, saying that the CEO had not attended bargaining that week. The impact of lost production is also affecting suppliers now, with the vehicle-suppliers association MEMA reporting about a third of suppliers have issued layoffs due to the UAW strike. Fain is scheduled to address UAW members in a livestream Friday afternoon, a platform he's previously used to expand the strike when he's unhappy with the pace of negotiations.
Persons: Shawn Fain, , Jim Farley, Mary Barra, Fain, Barra, Farley, Ford, axel, Stellantis, he's Organizations: Detroit, UAW, GM, Ford, Service Locations: Chicago, Lansing , Michigan, Detroit, Michigan, Parma , Ohio
Here's a rundown of some of the largest strikes taking place in the U.S. today. 75,000 Kaiser Permanente workers walk off the jobPolitical Cartoons View All 1199 ImagesIn the health care sector, a major strike kicked off this week — with some 75,000 Kaiser Permanente workers walking off the job Wednesday in multiple states. Doctors are also not participating in the strike, and Kaiser said it was bringing in thousands of temporary workers. After five months on the picket lines, the writers strike was declared over after their union approved a contract agreement with studios last week. During the staggered strikes, workers have also called for solidarity and a boycott of hotels in the Los Angeles area.
Persons: — It's, isn't, Johnnie Kallas, Michelle Gaskill, Hames, Kaiser —, Kaiser, Ford, Shawn Fain, Fain, , Hilton —, walkouts Organizations: Cornell University’s Labor, Kaiser Permanente, Strikers, The Coalition, Kaiser Permanente Unions, Kaiser, UAW, United Auto Workers, General Motors, Stellantis, Associated Press, Ford, U.S, Hollywood, American Federation of Television, Radio Artists, Alliance, Television Producers, Marriott, United, Biltmore, , Westin Bonaventure Hotel Locations: U.S, Hollywood, California , Colorado , Oregon, Washington, Virginia, The Oakland , California, Southern California, Los Angeles, Orange, Biltmore Los Angeles
REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsDETROIT, Oct 5 (Reuters) - General Motors (GM.N) said on Thursday it had made a counteroffer to the United Auto Workers (UAW) in a bid to end a strike by the union against the U.S. automaker. Separately, UAW President Shawn Fain plans an update on the status of the talks with the Detroit Three automakers at 2 p.m. EDT (1800 GMT) on Friday in the three-week-old strike. The first-ever targeted strike against the Detroit Three automakers, including Ford (F.N) and Stellantis (STLAM.MI), began on Sept. 15. The UAW said on Monday it presented a new contract offer to GM. In addition to Ford, talks with Chrysler parent Stellantis and have been active in recent days, sources said.
Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, Mack Trucks, David Shepardson, Ben Klayman, Joseph White, Chizu Nomiyama, Matthew Lewis Organizations: General Motors, REUTERS, Rights, United Auto Workers, UAW, U.S . automaker, Detroit Three, Ford, GM, Reuters, Chrysler, Detroit automakers, Wednesday, Volvo Group, Thomson Locations: Detroit , Michigan, U.S, Detroit
UAW and Ford Motor make progress in labor negotiations
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: +1 min
[1/3] 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 RightsOct 5 (Reuters) - The United Auto Workers (UAW) and Ford Motor (F.N) have narrowed their differences on pay increases after a new offer from the automaker amid "really active" talks, people familiar with the bargaining among the Detroit Three automakers and the union said on Wednesday. UAW President Shawn Fain plans to update the union's 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis <STLAM.MI? on Friday, a person briefed on the union's plans said. As the union's strike against the 'Detroit Three' enters its 21st day, here is a timeline of events beginning with the election of Fain in March:Reporting by Ananta Agarwal and Priyamvada C in Bengaluru; Editing by Shailesh Kuber, Sriraj Kalluvila and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Bianca Flowers, Shawn Fain, Fain, Ananta Agarwal, Priyamvada, Shailesh Kuber, Sriraj Kalluvila, Arun Koyyur Organizations: REUTERS, United Auto Workers, UAW, Ford, Detroit Three, Wednesday, General Motors, Chrysler, Thomson Locations: Belvidere , Illinois, U.S, Detroit, Bengaluru
It's indicative of a shift in how Americans view the labor movement in the post-COVID-crisis era. In a Reuters-Ipsos poll of Americans, some 58% of respondents said they supported the United Auto Workers union's strike at the Big Three Detroit car manufacturers. AdvertisementAdvertisementAside from this strike, support for labor unions has been increasing on the right. The UAW's strike represents a culmination of issues that have come to a head in the post-COVID-crisis labor movement, labor experts told Insider. Now even some Republican elected officials are showing up to support UAW workers' demands — even if they don't necessarily agree with its leadership.
Persons: Biden, , Joe Biden, Alice Stewart, John Drake —, Chamber of Commerce —, Shawn Fain, Fain, Sen, Bernie Sanders, Sanders, Kate Andrias, JD Vance, Ford, Christian Sweeney, he'd, Sweeney, Drake, Carolyn Nippa, Nippa, we're, Jason Miller, Andrias Organizations: Service, Reuters, United Auto Workers, Big, Big Three Detroit, Ford, General Motors, Gallup, Metro Detroit, CNN, Chamber of Commerce, Columbia University, Republican, GM, AFL, Bureau of Labor Statistics, UAW, Michigan State University Locations: Big Three, Metro, Detroit, Ohio, China
Nelson Lichtenstein, a labor historian, said he saw Mr. Fain as a throwback. leadership in a long while, reaching back to the 1930s and 1940s,” Mr. Lichtenstein said. Dr. Martin Luther King Jr. and the “pyramid of success” developed by John Wooden, the coach who produced a U.C.L.A. Mr. Fain copes with stress by working out and listening to music, cranking up selections from the entire spectrum — hip-hop, ’80s rock, Metallica, Frank Sinatra. He’s still getting used to the job, and to the fact that Shawn Fain from Kokomo Local 1166 is the U.A.W.
Persons: Nelson Lichtenstein, Fain, ” Mr, Lichtenstein, Bernie Sanders, Walter Reuther, Martin Luther King Jr, , John Wooden, Patrick Anderson, cranking, Frank Sinatra, He’s, Shawn Fain, U.A.W Organizations: Anderson Economic Group Locations: Vermont, East Lansing, Mich, Kokomo
New York CNN —Three weeks into the United Auto Workers strike, signs of progress have emerged in talks between the union and General Motors. Another source familiar with negotiations said Wednesday that there has been active talks and progress in negotiations this week. But General Motors has yet to have significant progress in talks before now, and the union has twice expanded its strike against GM. GM had 46,000 UAW members on its its payroll at the start of the year. GM is the only automaker the UAW struck in 2019, a six-week strike that cost it $2.9 billion.
Persons: , , Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, GM, CNN, UAW, Facebook, – GM, Ford, Motors Locations: New York, Stellantis, Wentzville , Missouri, Lansing , Michigan, Kansas City , Kansas
UAW President Shawn Fain plans to update the union's 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, a person briefed on the union's plans said. In addition to Ford, talks with Chrysler parent Stellantis (STLAM.MI) and other automakers and the UAW have been active in recent days, sources said. Ford Chief Financial Officer John Lawler said Friday the automaker's retirement offer would assure UAW workers could retire with $1 million in savings. The targeted strike against the Detroit Three automakers began on Sept. 15 and is now in its 20th day. Rival Ford Motor (F.N) secured a $4 billion line of credit in August, ahead of the Sept. 14 UAW contract expiration.
Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, John Lawler, Paul Jacobson, JP Morgan, Joe White, David Shepardson, Mark Porter, Nick Zieminski, Matthew Lewis, Anna Driver Organizations: General Motors, REUTERS, Rights, United Auto Workers, Ford, Detroit Three, Wednesday, UAW, Chrysler, Detroit automakers, GM, CNBC, Citibank, Chevrolet, GMC, GMC Yukon, Cadillac, Motor Equipment Manufacturers Association, Thomson Locations: Detroit , Michigan, U.S, Wentzville , Missouri, Kansas, Ohio, Indiana, Detroit
DETROIT (AP) — Meaningful progress has been made in negotiations between the striking United Auto Workers union and Detroit's three auto companies, according to a person with direct knowledge of the talks. The person said Wednesday that progress was reported at all three companies, with some offers being exchanged. Union President Shawn Fain will update members Friday on bargaining toward bringing to an end the nearly 3-week-old strikes against the companies. The union has so far limited the strike to about 25,000 workers at five vehicle assembly plants and 38 parts warehouses. Those workers will get union strike pay of $500 per week.
Persons: Shawn Fain, Fain, Ford, Stellantis, GM Organizations: DETROIT, United Auto Workers, Ford, General Motors, Union, GM, UAW, U.S, Wednesday Locations: Ford, Chicago, Lansing , Michigan, U.S
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. The targeted strikes already cost the automaker $200 million during the third quarter, GM said Wednesday. A GM spokesman said the $200 million strike cost is due to lost production on wholesale volume, largely due to the UAW's initial Sept. 15 strike at GM's midsize truck and full-size van plant in Wentzville, Missouri. The strike has since expanded to GM's parts and distribution facilities nationwide and, as of last Friday, a crossover plant in mid-Michigan. As a result of the strike in Missouri, GM also idled its Fairfax Assembly Plant in Kansas, where it builds the Cadillac XT4 SUV and the Chevrolet Malibu sedan, and laid off nearly 2,000 workers.
Persons: General Motors, Paul Jacobson, CNBC's Phil LeBeau, Mary Barra, Jim Farley, Shawn Fain, Fain Organizations: DETROIT, General, United Auto Workers, UAW, GM, Fairfax Assembly Plant, Chevrolet Malibu, Ford Motor, Ford, Chrysler Locations: Wentzville , Missouri, Michigan, Missouri, Fairfax, Kansas
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