UAW

President Joe Biden on Thursday said he supported unionization at Tesla, Inc. (NASDAQ:TSLA) and Japanese auto giant Toyota, Inc. (NYSE:TM) while addressing United Auto Workers union in Belvidere, Illinois. Commenting on his statement, Silicon Valley Entrepreneur David Sacks, who is also a friend of...

President Joe Biden is scheduled to meet with the President of the United Auto Workers (UAW), Shawn Fain later this week. The meeting is to highlight and celebrate the decision of Stellantis NV (NYSE:STLA) to reopen an assembly plant in Illinois. What Happened: As reported by Reuters, Biden’s...

Following the end of a 41-day strike, Ford Motor Company (NYSE: F) is laying off around 1,600 employees at its Louisville Assembly Plant, confirmed a company representative. According to the Detroit Free Press report on Saturday, the layoffs are a result of parts-related issues and will continue...

The United Auto Workers (UAW) union is setting its sights on Tesla Inc. (NASDAQ:TSLA) and Toyota Motor (NYSE:TM) following successful negotiations with Detroit’s “Big Three” automakers. What Happened: Shawn Fain, the union’s president, is planning to use the momentum from...

The October nonfarm payrolls report released Friday shows an increase of 150,000 jobs and an unemployment rate of 3.9%. Yet the piece of the report that steals the spotlight is the the 33,000-job decline in the motor vehicles and parts manufacturing space, courtesy the UAW strike. The 33K-Job Gap:...

Unlike its Detroit rival General Motors (NYSE: GM) who topped Wall Street revenue and profit estimates with its third quarter results, Ford Motor (NYSE: F) fell short of estimates, with its executives attributing the shortfall to the impact of the United Auto Workers’ strike at three of its...

More than six weeks into a strike, General Motors Co (NYSE: GM) has reached a tentative deal with the United Auto Workers that would put an end to collective bargaining talks.  What To Know: According to a Bloomberg report citing people familiar with the matter,...

Local United Auto Workers (UAW) union leaders gave the green light to a tentative agreement with Ford Motor (NYSE:F). The deal involves $8.1 billion in new plant investments and a $5,000 ratification bonus, among other economic benefits. What Happened: The 4.5-year tentative agreement will now be...

On Saturday, Stellantis (NYSE: STLA) and the United Auto Workers (UAW) union reportedly reached a tentative agreement, after nearly six weeks of targeted U.S. labor strikes. The agreement's terms still require approval from UAW leadership. Once approved, local union leaders will be...

On Saturday, Stellantis (NYSE: STLA) and the United Auto Workers (UAW) union reportedly reached a tentative agreement, after nearly six weeks of targeted U.S. labor strikes. The agreement's terms still require approval from UAW leadership. Once approved, local union leaders will be...

General Motors Company (NYSE: GM) and the United Auto Workers union may be closing in on a deal after Thursday evenings's negotiations continued into the early morning hours on Friday. Both sides reconvened on Friday to continue discussions.  What To Know: According to a report from CNBC,...

Automotive company Ford Motor Company (NYSE: F) reported third-quarter financial results after the market close Thursday. The results come just a day after the automaker reached a tentative agreement with the United Auto Workers union. Here are the key highlights. What Happened: Ford reported...

Ford Motor Co (NYSE: F) has reached a tentative new labor agreement with the United Auto Workers (UAW), while General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA) continue negotiations. The new deal by Ford could hold lasting implications for Tesla Inc. (NASDAQ: TSLA) and...

The striking United Auto Workers union has struck a tentative deal with Ford Motor Co. (NYSE:F), potentially lifting an overhang around Dearborn. The ongoing strike that started around mid-September brought some of the main manufacturing plants of Detroit’s “Big Three” to a...

U.S. stocks showcased a downward trend as trading neared its end on Wednesday. The Dow Jones index witnessed a decline of over 100 points, marking a 0.32% drop to 33,035.93. Meanwhile, the NASDAQ took a steeper plunge, falling by 2.43% to 12,821.22. The S&P 500 wasn’t far behind,...