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The Latest Breaking News from GM

Musk and Tesla are the 'clear winners' of the Detroit auto strike. Analysts say Elon 'put champagne on ice' as he sees the ultimate EV victory

Analysts say Musk and Tesla are “clear winners” of the strike given the company’s non-union status that lets it continue to pump out cars while Detroit is shut down.

Fortune

General Motors CEO confronted over her own $29m salary amid UAW strike

Union argues wage rises haven’t matched company profits

The Independent UK

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

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read the most diverse news in one place.

Chevrolet Equinox EV Government Images Emerge In China Ahead Of US Launch

The MIIT images show an RS-badged model that looks pretty much identical to the US-bound variant, sporting a closed front grille with integrated main beam lights and a rear diffuser.

InsideEVs

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

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

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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.

WEKU

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.

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.

Fortune

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

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

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InsideEVs

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.

The Independent UK

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

Fortune

“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.

InsideEVs

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.

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news in one place.

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Barchart

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.

The Independent UK

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

Motor1

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

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

Al Jazeera

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.

France 24

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.

The Independent UK

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 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

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