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Fortune4d
Ford says it lost $1.7B on 6-week UAW strike, plans to pay nearly $9B more on raises union won
UAW members struck over six weeks this summer. Emily Elconin—Bloomberg/Getty Images A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion ...
IndustryWeek4d
Ford Expects Higher Per-Car Costs than GM from UAW Deals
Ford Motor Co. executives said Nov. 30 that the recently concluded United Auto Workers contract negotiations are expected to add about $900 in costs per vehicle by 2028—a starkly higher figure than ...
4don MSN
Ford says UAW strike cost $1.7 billion in lost profits in 2023
Ford said Thursday the United Auto Workers strike cost the company $1.7 billion in lost profits as it reported before-tax, ...
IndustryWeek14d
UPDATE: UAW Members Ratify Contracts with GM, Ford, and Stellantis
Employees at all three of the Detroit 3 have now adopted the UAW-negotiated tentative agreement. The United Auto Workers confirmed Monday that workers at all three major Detroit automaker—General ...
5d
GM sees $9.3B hit from UAW deal, plans to cut spending at troubled robotaxi Cruise unit
General Motors said Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion even as it outlined $10 ...
4d
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this ...
12d
South Korean EV battery makers lay off workers and scale back investments in US
Tim Bush, a Seoul-based battery analyst for UBS, said legacy carmakers Ford and GM bear the greatest responsibility for the slump in demand. UBS analysts last month slashed their projection for growth ...
5d
U.S. Steel closes Granite City furnace ‘indefinitely,’ warns 1,000 of layoffs
A major blast furnace at U.S. Steel's plant in Granite City will remain idled indefinitely, the company said Tuesday.
Fortune5d
GM announces record $10 billion stock buyback—more than it’s spending on UAW raises—as its electrification push stalls
GM head Mary Barra during a February interview. Victor J. Blue/Bloomberg General Motors Co. offered a response to critics of its unsteady push into electric vehicles and self-driving: to shower ...
6d
U.S. Steel indefinitely idling Granite City Works
United States Steel Corp. is indefinitely idling the Granite City Works remaining blast furnance, two months after the ...
17h
Minimum worker visa salary to rise under legal migration curbs
The government is expected to hike the minimum salary for foreign workers as part of plans to curb record legal migration ...
The Star Press (Muncie) on MSN
12d
Michael Hicks: Are we in a period of new union activism?
The United Auto Workers strike against the big three domestic automakers has some economists arguing that we are entering a ...

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