Detroit Three automakers enter final hours to avoid wider UAW strike

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The Detroit Three automakers and the union representing the companies' U.S. hourly workers on Friday entered the final hours to reach new labor agreements before the current coordinated strike expands to include more plants. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors, Ford and Chrysler parent Stellantis, but analysts expect any wider strike will include plants that build highly profitable pickup trucks such as Ford's F-150, GM's Chevy Silverado and Stellantis' Ram. About 12,700 workers walked out at plants in Missouri, Michigan and Ohio, which produce the Ford Bronco, Jeep Wrangler and Chevrolet Colorado, alongside other popular models.

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A judge says it's surprising no one died when a man used his truck to ram an SUV with children and pregnant women off the road at high speed last year in eastern New Brunswick.Michael Gordon Augustine, 60, of Elsipogtog First Nation was sentenced to five years in prison Wednesday. He had pleaded guilty to four charges, which included uttering death threats, dangerous driving causing harm, and assault with a weapon."Mr.

 

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Canadian auto workers to vote on Ford deal starting on SaturdayFord reached a last-minute deal to avoid a walkout at its Canadian operations late on Tuesday, as the United Auto Workers union prepared for a potential expansion of its U.S. strikes against the Detroit Three automakers. Unifor, which represents about 5,700 Ford employees in Canada, had sought improved wages and pensions, as well as support in the transition to electric vehicles and additional investment commitments by Ford. Unifor's talks with the Detroit Three automakers in Canada are separate from the UAW's coordinated U.S. action that led to about 12,700 workers going on strike last week against one assembly plant at each of the Detroit Three automakers.
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UAW labor contract demands are 'unsustainable': Ford dealerAuto workers have manned picket lines against automakers for nearly one week, with strike organizers considering expanding efforts to other factory locations. Ford Dealership Owner Tom Maoli joins Yahoo Finance Live to discuss the impact the United Auto Workers' (UAW) strike could have on his business and consumers. Maoli predicts a forthcoming scarcity of auto parts, with his own franchise having a '60, maybe 90-day supply.' Maoli, in turn, expects car prices and repair costs to rise due to the lack of production of new cars. Overall, Maoli finds the UAW's labor contract stipulations demand from the Big Three — Ford (F), Stellantis (STLA), and General Motors (GM) — to be 'unsustainable.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »