Unifor plans to have members vote on its tentative agreement with Ford Motor Co. of Canada “before the end of the week,” though precise timing for ratification meetings is still being finalized, a union spokesperson told Automotive News Canada Wednesday.
GM stopped building the Chevy Malibu and Cadillac XT4 on Wednesday after running short of stampings made at a Missouri plant that’s on strike. Stellantis said it was laying off workers at an Ohio machining plant and expected to make more layoffs in Indiana.
As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.50 percent to 5.75 percent range, just a quarter of a percentage point above the current range.
Steven Rattner, who negotiated concessions with the UAW to help keep General Motors and Chrysler afloat in 2009, says union workers deserve significant raises but can’t make the automakers uncompetitive.
If the strike against ZF forces vehicle assembly to be shut down or reduced at Mercedes, it would create a historic situation in which UAW actions caused production to be impacted at four automakers simultaneously.
LeTourneau is succeeding Mark Bowser, who will retire at the end of 2023.
Lithia Motors’ plan to purchase the dealership and fleet businesses of Pendragon in the U.K. is a sizable deal. But the other component, giving Lithia an ownership stake in a dealership management system company, could have the biggest impact for the rest of the U.S. auto retail industry.
Biden clearly has sided with the union, but he was rebuked by UAW President Shawn Fain, who said “this battle is not about the President.” Said Cornell labor professor Art Wheaton: “Nobody has a read on Fain.”
Brembo wants its new artificial intelligence-based braking system, Sensify, to set a new industry standard just as antilock braking did decades ago by bringing high-performance, all-electric, independent four-wheel braking to mass-market brands.
The prime time speech on Sept. 27 is expected to be delivered to auto workers and other blue collar union members. The UAW said: “We can’t keep electing billionaires and millionaires that don’t have any understanding what it is like to live paycheck to paycheck.”