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5don MSN
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the ...
IndustryWeek5d
Ford Expects Higher Per-Car Costs than GM from UAW Deals
Ford Motor Co. executives said Nov. 30 that the recently concluded United Auto Workers contract negotiations are expected to add about $900 in costs per vehicle by 2028—a starkly higher figure than ...
5don MSN
Ford says UAW strike cost $1.7 billion in lost profits in 2023
Ford said Thursday the United Auto Workers strike cost the company $1.7 billion in lost profits as it reported before-tax, ...
6d
GM sees $9.3B hit from UAW deal, plans to cut spending at troubled robotaxi Cruise unit
General Motors said Wednesday its new labor deals after a lengthy US strike will cost it $9.3 billion even as it outlined $10 ...
13d
South Korean EV battery makers lay off workers and scale back investments in US
Tim Bush, a Seoul-based battery analyst for UBS, said legacy carmakers Ford and GM bear the greatest responsibility for the slump in demand. UBS analysts last month slashed their projection for growth ...
Reuters22d
Ford production workers at Kentucky, Louisville vote against new labor deal
Nov 13 (Reuters) - Production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor ...
1d
Stellantis plant reopening could save this town, but many still bash the economy
Residents relieved as UAW, Biden campaign saves factory but angry about higher prices for everyday goods, a drag on the ...
Yahoo Finance6d
Ford says new UAW contract will add $8.8B to labor costs
As a result of the 2023 UAW contract, Ford Motor Co. said Thursday its labor costs in North America will increase by $8.8 ...
6d
U.S. Steel closes Granite City furnace ‘indefinitely,’ warns 1,000 of layoffs
A major blast furnace at U.S. Steel's plant in Granite City will remain idled indefinitely, the company said Tuesday.
Fortune6d
GM announces record $10 billion stock buyback—more than it’s spending on UAW raises—as its electrification push stalls
GM head Mary Barra during a February interview. Victor J. Blue/Bloomberg General Motors Co. offered a response to critics of its unsteady push into electric vehicles and self-driving: to shower ...
AZ Central27d
UAW's $5,000 bonus — plus more cash for many — could cover holiday splurge or big bills
Pumped up paychecks and a $5,000 pre-tax bonus would hit checking accounts of UAW members at the Detroit Three shortly after ...
7d
U.S. Steel indefinitely idling Granite City Works
United States Steel Corp. is indefinitely idling the Granite City Works remaining blast furnance, two months after the ...

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