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General Motors Announces New $6 Billion Share Buyback Plan

General Motors Announces New $6 Billion Share Buyback Plan

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General Motors has unveiled a new $6 billion share buyback plan, coming just over a month after the automaker raised its dividend on the back of an optimistic annual forecast.  Full Article »


Automotive

Mercedes-Benz Alabama Plant Battles for Unionization in Crucial Vote

Mercedes-Benz Alabama Plant Battles for Unionization in Crucial Vote

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The workers at Mercedes-Benz’s Alabama plant are currently in the midst of a pivotal decision: whether to join the United Auto Workers (UAW) union. This vote carries significant weight, not  Full Article »

Automotive

Tesla to Raise Pay for US Factory Workers

Tesla to Raise Pay for US Factory Workers

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Tesla is reportedly set to increase the pay for its production workers in the United States, according to a report by Bloomberg News. The pay raise comes amid a trend  Full Article »

Automotive

Unfair Labor Charges Filed Against Honda, Hyundai, & Volkswagen by UAW

Unfair Labor Charges Filed Against Honda, Hyundai, & Volkswagen by UAW

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The United Auto Workers (UAW) union has taken legal action against Honda, Hyundai, and Volkswagen, accusing the automakers of engaging in unfair labor practices. The charges, filed with the National  Full Article »


Automotive

GM to Compensate UAW Workers with $8 Million Following Arbitration Over 2019 Plant Closures

GM to Compensate UAW Workers with $8 Million Following Arbitration Over 2019 Plant Closures

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General Motors (GM) is set to pay $8 million to United Auto Workers (UAW) members as compensation following an arbitration process related to the closure of plants in 2019. The  Full Article »


Automotive

UAW Launches Campaign to Organize Nonunion Auto Sector in U.S.

UAW Launches Campaign to Organize Nonunion Auto Sector in U.S.

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The United Auto Workers (UAW) union has announced a groundbreaking initiative to organize the entire nonunion auto sector in the United States. This move comes after the UAW successfully negotiated  Full Article »


Automotive

Ford Discloses Cost of UAW Labor Deal Reached $8.8 Billion, Cuts Profit Forecast

Ford Discloses Cost of UAW Labor Deal Reached $8.8 Billion, Cuts Profit Forecast

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Ford Motor recently disclosed that the new labor deal with the United Auto Workers (UAW) union will cost the company $8.8 billion. This announcement follows in the footsteps of rival  Full Article »


Automotive

GM Says UAW Strike Cost $1.1 Billion, Will Absorb Rising Labor Costs and Increase Dividend

GM Says UAW Strike Cost $1.1 Billion, Will Absorb Rising Labor Costs and Increase Dividend

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General Motors (GM) has reported a pretax earnings impact of $1.1 billion this year, attributing the financial setback to the six-week strike by autoworkers. Despite this, the Detroit automaker expresses  Full Article »


Automotive

UAW Ratifies Contracts with all Detroit 3 Automakers

UAW Ratifies Contracts with all Detroit 3 Automakers

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The United Auto Workers (UAW) has successfully ratified contracts with all three major Detroit automakers, namely Stellantis, Ford, and General Motors. However, the level of support for the contracts varied  Full Article »

Automotive

UAW Deal with GM, Detroit 3 Automakers Close to Getting Final Stamp of Approval

UAW Deal with GM, Detroit 3 Automakers Close to Getting Final Stamp of Approval

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The tentative labor deal between General Motors (GM) and the United Auto Workers (UAW) union is approaching ratification, signaling a significant step in labor relations within the automotive industry. As  Full Article »

Automotive

Hyundai to Raise US Hourly Wages by 14% Next Year, 25% by 2028 After UAW Deal

Hyundai to Raise US Hourly Wages by 14% Next Year, 25% by 2028 After UAW Deal

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Hyundai Motor has announced plans to increase wages for nonunion production workers at its Alabama factory by 25% by 2028, following recent agreements reached by the United Auto Workers (UAW)  Full Article »

Automotive

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact
Nov 6, 2023 Ξ Comments Off on Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

Report: U.S. Auto Sales Take a Hit from High Prices and UAW Strike Impact

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The U.S. auto industry is experiencing a slowdown in retail demand for new vehicles, primarily attributed to high interest rates and elevated prices. Despite some rebounding in inventories and incentives,  Full Article »

Automotive

UAW Plans to Expand Agenda Targeting Toyota, Tesla, and Other Non-Union Automakers
Nov 2, 2023 Ξ Comments Off on UAW Plans to Expand Agenda Targeting Toyota, Tesla, and Other Non-Union Automakers

UAW Plans to Expand Agenda Targeting Toyota, Tesla, and Other Non-Union Automakers

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The United Auto Workers (UAW) are embarking on an ambitious campaign to expand their influence beyond the Detroit Three automakers, signaling their intent to organize workers at nonunion auto factories,  Full Article »


Automotive

Stellantis Plays Down Impact of UAW Strike, Says It’s Least Affected out of Detroit Three
Oct 31, 2023 Ξ Comments Off on Stellantis Plays Down Impact of UAW Strike, Says It’s Least Affected out of Detroit Three

Stellantis Plays Down Impact of UAW Strike, Says It’s Least Affected out of Detroit Three

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Stellantis, the multinational automotive corporation with brands including Fiat, Peugeot, Jeep, and Ram, has recently addressed the impact of coordinated strikes in North America led by the United Auto Workers  Full Article »

Automotive

UAW Reaches Tentative Deal with GM to End Coordinated Strike Against Detroit Automakers
Oct 30, 2023 Ξ Comments Off on UAW Reaches Tentative Deal with GM to End Coordinated Strike Against Detroit Automakers

UAW Reaches Tentative Deal with GM to End Coordinated Strike Against Detroit Automakers

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General Motors (GM) and the United Auto Workers (UAW) union have successfully reached a tentative agreement, marking the end of the first coordinated strike against Detroit’s Big Three automakers, and  Full Article »


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