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The Latest Breaking News from UAW

Markets Today: Stocks Remain Under Pressure Ahead of FOMC Meeting

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) this morning are down -0.09%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.21%. Stock index futures this morning are trading mildly lower. Stocks continue to be undercut by the UAW strike, the possibility of a U.S. government shutdown...

Barchart

UAW strike offers leaders lessons on engaging workers in pay negotiations

Want to avoid a strike like the UAW’s? Include your workers in compensation decision-making.

Fortune

Workers shouldn't accept lower wages so ‘greedy people like Elon Musk can build more rocket ships,' says UAW president Shawn Fain

Ford on Thursday said its labor costs are already 'significantly higher' than those of companies like Tesla and Toyota.

Fortune

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UAW strike, Day 4: GM threatens to send 2,000 workers home, Ford cuts 600 jobs

Autoworkers are on strike at General Motors, Ford and Stellantis, an unprecedented move by the United Auto Workers union. Already, there are ripple effects.

WEKU

The biggest winner of the UAW strike may be Elon Musk

Tesla would get a huge cost advantage if the Detroit Big Three complied with all the United Auto Workers' demands.

Fortune

Tone of election to be revealed in big data week

A slowing economy expected out of GDP, trade and consumer confidence

Newsroom.co.nz

UAW justifies wage demands by pointing to CEO pay raises. So how high were they?

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase

The Independent UK

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How Shawn Fain, an unlikely and outspoken president, led the UAW to strike

The former union electrician was an underdog in recent UAW leadership elections, but with a tough love approach to auto companies in negotiations, he narrowly won. Now he's taking the union on strike.

WEKU

For Elon Musk, the personal is political – but his march to the right affects us all

Walter Isaacson’s biography of the Tesla, SpaceX and X owner shows insecurity and anger have driven him to extremes

The Guardian - US

Union says UAW and automakers' talks are 'slow' as Biden aides prepare to visit

The United Auto Workers and automakers resumed negotiations this weekend. But UAW president Shawn Fain described progress as "slow."

WEKU

The auto workers strike will drive up car prices, but not right away -- unless consumers panic

If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit

The Independent UK

How the UAW strike could have ripple effects across the economy

There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.

WEKU

‘We build those cars’: US workers on Ford picket line demand a fair share

Horns blare in support of strikers outside the carmakers’ plant in Wayne, Michigan, as union members attack ‘corporate greed’

The Guardian - US

Auto worker strike creates test of Biden's goals on labor and climate

The United Auto Workers strike has exposed tensions between President Joe Biden's goals of fighting climate change and supporting unions

The Independent UK

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The Guardian - US

‘A fight against corporate greed’: Bernie Sanders rallies with UAW in Detroit

Senator kicks off United Auto Workers’ largest strike against US’s big three carmakers amid record company profits

WEKU

With unprecedented strike underway, auto workers want to 'play hardball'

Autoworkers' emotions — from excitement to fear and apprehension — are running high as the United Auto Workers launches an unprecedented strike against General Motors, Ford and Stellantis at once.

Fortune

The UAW’s Shawn Fain wants to wreck ‘the billionaire class’ as analysis reveals Ford, GM and Stellantis CEOs make at least 281 times their average employee

The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.

Motor1

UAW Workers Once Used Horses On The Picket Line, Historical Photos Show

13,000 hourly workers are presently on strike against Ford, GM, and FCA simultaneously, a first for the UAW.

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Al Jazeera

Biden calls for ‘win-win’ deal to resolve US auto workers’ strike

US president sends two government officials to Detroit, says corporate profits have not been shared fairly with workers.

Investors Business Daily

Dow Jones Falls As Disney Gets Huge Bid; Fed Meet Looms

The Dow Jones plunged on witching Friday along with other indexes. Disney got a $10 billion offer for ABC while the UAW started to strike. The Fed meet looms.

Salon

UAW goes on strike for first time ever

"CEOs gave themselves 40% pay increases in the last four years," United Auto Workers president Shawn Fain said

Fortune

Detroit’s striking auto workers want a 36% pay hike, mostly to cover inflation. Morgan Stanley thinks automakers can afford it

Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.

Barchart

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.

The Independent UK

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

WEKU

Why you shouldn't be surprised that autoworkers are asking for a 40% pay raise

Bold union demands, bolstered by a tight labor market and frustration throughout the COVID-19 pandemic, are paying off in some sectors with significant raises for workers.

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