The United Auto Workers' strike against Detroit's Big Three automakers is in its third week, and has so far cost $3.95 billion in losses to the U.S. economy.
General Motors
The breakdown shows the work stoppage has cost workers $325 million in direct wages, while automakers collectively lost $1.12 billion, dealers and customers lost $1.2 billion and suppliers took a $1.29 billion blow. A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Friday, Sept. 15, 2023.The UAW launched its simultaneous but limited strike against Detroit's Big Three on Sept. 15, starting with a Ford plant in Michigan, a GM plant in Missouri and a Stellantis plant in Ohio.In the union's second round of strike targets on Sept.
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How Stellantis and Its Not-So-Detroit CEO Are Taking On the UAWThe company and boss Carlos Tavares—both more European than American—are making progress with the union and avoiding more strikes for now.
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UAW Deal With Mack Trucks Is Good and Bad for Ford and GMThe union says that nearly 4,000 of the truck maker’s workers in Pennsylvania, Maryland, and Florida struck a tentative deal just before a deadline.
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Tesla Wages To Go Up In The Wake Of UAW Strike, Barclays PredictsBarclays analyst Dan Levy said Tesla workers' wages would probably rise if the UAW strikes a deal with Ford, General Motors, and Stellantis.
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Tesla Wages To Go Up In The Wake Of UAW Strike, Barclays PredictsBarclays analyst Dan Levy said Tesla workers' wages would probably rise if the UAW strikes a deal with Ford, General Motors, and Stellantis.
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UAW strike, jobs report and Tesla deliveries top Wall Street’s week aheadWall Street is keeping close tabs on the UAW strike against Ford, GM and Stellantis as it drags into its third week, as well as three key reports on the job market.
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UAW Reaches Deal With Mack Trucks. It’s Both Good and Bad for Ford, GM, and Stellantis.The union says that nearly 4,000 of the truck maker’s workers in Pennsylvania, Maryland and Florida struck a tentative deal just before the Sunday deadline.
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