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The Latest Breaking News from GM

UAW Strikes: Unusual Options Activity Suggests Investors Don’t Care

The United Auto Workers went on strike at midnight Friday. It is the first time the UAW has simultaneously walked out at all three of Detroit’s big automakers. The unusual options activity for the three automaker’s stocks suggests investors don’t care. That may change.

Barchart

Joe Biden says record auto profits should mean ‘record benefits’ as UAW launches historic Big 3 strike

Unprecedented worker actions mark first time that all three companies are targeted simultaneously

The Independent UK

Stock Index Futures Slide as Investors Look Ahead to Fed Decision, UAW Walkout in Focus

September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.28% this morning as investors watched for fallout from a strike initiated by the United Auto Workers union, with the focus now shifting to the Federal Reserve’s interest-rate decision scheduled for next week.

Barchart

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US autoworkers launch historic strike: 3 questions answered

The United Auto Workers union, or UAW, has told workers at three factories to go on strike after failing to agree on new contracts with each of Detroit’s major automakers. The contracts expired at 11:59 p.m. on Sept. 14, 2023. By midnight, the union posted a strike declaration on its…

The Conversation

Updated Kona Electric, Will GM Build An Affordable Equinox EV, Toyota's Next-Gen EV

This week's InsideEVs podcast covers the updated Hyundai Kona Electric, Toyota's next-gen EV info, and a petition asking GM to commit to building its promised $30,000 Eqquinox.

InsideEVs

What’s at stake as UAW launches historic strike against Big 3 automakers

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers

The Independent UK

“This man made 21 million last year”—As UAW strikes Detroit’s Big 3, it blasts Ford CEO for emotive schoolteachers and firemen comparison

After the Ford's Jim Farley accuses the United Auto Workers union of wanting to bankrupt his company, labor leader Shawn Fain launches a historic strike of all three Detroit carmakers.

Fortune

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Ford CEO Says "Charging Anxiety" Hampers Widespread EV Adoption

Jim Farley also said EVs are at a disadvantage in the market today because of their higher prices compared to ICE-powered alternatives.

InsideEVs

Stock Index Futures Mixed as Investors Look Ahead to Fed Decision, UAW Walkout in Focus

September S&P 500 futures (ESU23) are up +0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.14% this morning as investors watched for fallout from a strike initiated by the United Auto Workers union, with the focus now shifting to the Federal Reserve’s interest-rate decision scheduled for next week.

Barchart

What's at stake as 13,000 workers go on strike at major US auto makers

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers

The Independent UK

Nearly 13,000 UAW Workers Start Historic Strike Against Detroit Three

Production of the Ford Bronco, Jeep Wrangler, and Chevy Silverado is halted.

Motor1

US autoworkers launch historic strike at GM, Ford and Stellantis plants

Union begins picketing at plants operated by General Motors, Ford and Stellantis for first time in its 88-year history.

Al Jazeera

About 13,000 US auto workers go on strike seeking better wages and benefits

About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay.

France 24

About 13,000 workers go on strike seeking better wages and benefits from Detroit’s three automakers

About 13,000 U.S. auto workers stopped making vehicles and headed for the picket lines Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay

The Independent UK

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The Guardian - US

Biden says record profits warrant record contracts as historic auto worker strike starts

United Auto Workers union unable to agree deal with Ford, GM and Stellantis, who have seen profits and executive pay soar

WEKU

The UAW launches a historic strike against all Big 3 automakers

For the first time ever, the UAW launched a strike against all Big 3 automakers at once, starting with three locations in the Midwest.

WEKU

Autoworkers are on the verge of a historic strike

Less than two hours before the strike deadline, United Auto Workers revealed the first wave of plants to be targeted if the union and the Big 3 automakers fail to reach a deal just before midnight.

Chicago Sun-Times

UAW begins strikes in three states against Ford, GM and Stellantis

The UAW, without an agreement with the Detroit Three, initiated walkouts early Friday at one GM, Ford and Stellantis plant each in Missouri, Michigan and Ohio.

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StockNews.com

Is Investing in General Motors (GM) a Wise Decision in the Current Environment?

As United Auto Workers union prepares to strike at Detroit automakers, will it be wise to buy General Motors (GM) shares today? Read on.

The Independent UK

Detroit automakers and auto workers remain far from a deal as end-of-day strike deadline approaches

With a deadline looming just before midnight Thursday, the United Auto Workers union and Detroit’s three automakers are far apart in contract talks and the union is preparing to strike

WEKU

The UAW unveils major plan if talks with Big 3 automakers fail: The 'stand up strike'

The United Auto Workers could strike at targeted auto plants before expanding the walkouts to additional locations if the union and the Detroit Three automakers fail to reach a new contract.

InsideEVs

Petition Calls On GM To Bring $30K Chevrolet Equinox EV To Market

An EV affordability petition started by the Electric Vehicle Association calls on GM to keep its promise that the Equinox EV will be priced "around $30,000."

WEKU

Sky-high CEO pay is in focus as workers everywhere are demanding higher wages

As autoworkers' real wages fall, top executives at the Big Three carmakers continue to earn tens of millions of dollars each year — hundreds of times more than the median employee.

Chicago Sun-Times

UAW chief lays out plans for targeted strikes if auto talks stall

Dubbing them “stand-up strikes,” United Auto Workers President Shawn Fain said the work stoppages can be expanded depending on progress in negotiations with Detroit’s three major automakers.

InsideEVs

Global EV Sales In July 2023: Over 1.1 Million Plug-In Cars Sold

In July, global sales of plug-in electric cars exceeded one million units for the third consecutive time.

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