General Motors (GM) has projected that its new labor agreements with the United Auto Workers (UAW) and Canadian union Unifor will escalate its operational costs by $9.3 billion.
In a striking development at General Motors' self-driving unit Cruise, co-founder and chief product officer Daniel Kan has resigned. This announcement comes just a day after the departure of Cruise CEO Kyle Vogt. The decision adds to the upheaval at Cruise, currently facing a safety review of its U.S. fleet.
Ford workers in Louisville, Kentucky, have voted against the proposed contract with the United Auto Workers (UAW), showcasing the complex landscape of labor negotiations within the automotive industry.
In an ambitious leap toward the future of electric vehicles (EVs), General Motors has unveiled plans to invest approximately $13 billion in U.S. facilities by April 2028, according to the United Auto Workers (UAW) union's recent tentative deal disclosure. This strategic move not only underscores GM's commitment to electric innovation but also exemplifies the union's leverage in securing unprecedented economic gains for auto workers.
The United Auto Workers (UAW) union has reached a significant milestone in its ongoing labor negotiations. On Saturday, the union announced a tentative agreement with Stellantis, the automaker behind brands such as Dodge, Ram, Chrysler, and Jeep. This development comes after approximately six weeks of targeted labor strikes across the U.S.
On Friday, October 27, Ford Motor Company's stock tumbled by 10%, marking its lowest point since January 2021 and a year-to-date decline of over 11%. This performance contrasts sharply with the nearly 8% rise in the S&P 500 index over the same period.
In a significant development, the United Auto Workers (UAW) union and Ford Motor Co. have announced a tentative agreement, potentially concluding a nearly six-week-long strike that has affected the automaker. The announcement was made by the UAW on Wednesday night, marking a pivotal moment in the ongoing labor disputes that have gripped the automotive industry.
Tesla Inc., the electric car giant helmed by Elon Musk, is currently under the scrutiny of the U.S. Department of Justice (DOJ) over multiple concerns, including the range of its vehicles and potential personal benefits to executives, according to recent disclosures.