United Auto Workers

Former Obama advisor Jason Furman cautioned on Monday that the ongoing strike by the United Auto Workers (UAW) could have a significant impact on the GDP growth rates. What Happened: Furman highlighted that small changes can lead to substantial shifts in annualized GDP growth rates. He pointed out...

In a recent development, former President Donald Trump has decided to address autoworkers in Detroit, opting out of the second Republican primary debate scheduled for Sept. 27. What Happened: According to a report by Politico, Trump’s Detroit visit coincides with the GOP debate in California...

The ongoing UAW strike from the big three Detroit automakers continued to be a big topic of discussion for the markets and auto industry. While no one knows exactly how long the strikes could last, some experts are pointing to Tesla Inc (NASDAQ: TSLA) and its CEO Elon Musk as the winners...

Automaker Stellantis N.V. (NYSE:STLA)’s latest contract proposal to the United Auto Workers union threatens to shutter 18 U.S. facilities. The clash between the company and union leaders hinges on Stellantis’ vision of creating a “modernized” parts and distribution network,...

In a recent turn of events, the President of the United Auto Workers (UAW), Shawn Fain, has declared his non-endorsement for President Joe Biden in the upcoming 2024 elections, as reported by The Hill. What Happened: Speaking on CBS’s “Face the Nation”, Fain made it clear that the...

Last week proved to be a roller coaster for the US economy, with potential policy shifts, looming labor strikes, and mounting inflation concerns. Key highlights include speculations on the Federal Reserve’s inflation target, potential repercussions from a United Auto Workers strike, a...

The United Auto Workers union members have gone on strike since early Friday after failing to reach an agreement with Detroit’s Big Three, namely Ford Motor Co. (NYSE:F), General Motors Corp. (NYSE:GM) and Stellantis NV (NYSE:STLA). Outspoken Rep. Marjorie Taylor Greene (R-GA) took to social...

Rep. Alexandria Ocasio-Cortez (D-NY) has criticized Ford Motor Co. (NYSE:F) CEO Jim Farley for significantly increasing chief executive compensation while asserting that the company has not adequately addressed worker concerns amid the ongoing United Auto Workers, or UAW, union strike. What...

Stellantis NV (NYSE:STLA), the automaker already impacted by the United Auto Workers, or UAW, strike at one of its U.S. plants, now faces another labor stoppage at a factory in Italy on Monday. What Happened: Unions have reportedly announced a one-day strike at Stellantis NV’s Melfi plant due...

Rep. Alexandria Ocasio-Cortez (D-NY) has criticized CNBC’s Jim Cramer for suggesting that the Big Three automakers temporarily move production to Mexico amid the ongoing United Auto Workers, or UAW, strike.  What Happened: Amid the UAW strike that...

The landscape of labor negotiations in the U.S. shifted this summer with two major union agreements coming into focus. The Teamsters' contract with United Parcel Service, Inc (NYSE: UPS) and the ongoing demands of the United Auto Workers (UAW) with Detroit's Big Three automakers provide a...

Three of the leading U.S. automotive companies face uncertainties after a contract dispute with the United Auto Workers (UAW) union was not resolved Thursday night. Union workers at several Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA) are now on...

President Joe Biden on Friday addressed the ongoing strike by the United Auto Workers union against Detroit's three major automakers, urging both sides to negotiate further for a mutually beneficial agreement. Biden remarked about the significance of auto workers in the American...

The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts. The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA...

The United Auto Workers (UAW) president Shawn Fain told media Thursday night that the union will strike against the “big three” major U.S. auto manufacturers for the first time ever. The association is demanding pay increases of about 36% over the next four years, as well as shorter...