UAW makes history with strike against Big 3 Automakers

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Auto workers officially went on strike after failing to reach a new contract agreement with Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA), before the Thursday deadline.The United Auto Workers union conducted a stand-up style strike, simultaneously picketing at three different plants: General Motors' Wentzville, Missouri facility; Ford's Michigan Final Assembly & Paint Plant; and the Stellantis Assembly Plant in Toledo, Ohio. Approximately 13,000 workers are reportedly taking part in this strike that analysts predict could go on for over a month.Yahoo Finance's Pras Subramanian and Rick Newman discuss how this strike could impact the automotive industry, dynamics among non-unionized auto workers, and its potential effects on auto parts suppliers and used car retailers.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.The union representing Canada's autoworkers is "meeting resistance" in ongoing talks with Ford Motor Company, the union's national president said Thursday in an update to members, saying there has been little movement on key issues such as pensions.

If the negotiations don't go in a direction that Fain thinks is positive, we can fully expect a larger strike coming in a week or two." "If the strike lasts longer than three to four weeks, it will be moderately detrimental to GM and Ford's EV strategy in 2024...While the Detroit stalwarts battle with the UAW, there's a bottle of champagne that's being iced at Tesla headquarters.

 

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