Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
Approximately 12,700 workers are on strike as a result of the UAW's coordinated U.S. action out of the union's 146,000 members who work at the Big Three.
Stellantis on Wednesday joined GM and Ford in furloughing some employees at other factories because of the ripple effects of the strikes, including parts shortages, storage constraints and other issues. Analysts expect plants that build high-margin pickup trucks such as Ford's F-150, GM's Chevy Silverado and Stellantis' Ram to be the next targets if the walkout continues. Morgan Stanley analyst Adam Jonas estimated in a Thursday research note that a full month of lost production would cost the three automakers $7 billion to $8 billion in lost profits.
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Detroit Three under pressure to progress UAW talks, avoid wider auto strikesThe United Auto Workers (UAW) and the Detroit Three automakers on Thursday have a final full day to make significant progress on a new contract before the union plans to otherwise announce an expansion of its U.S. strikes.
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White House team won't travel to Detroit to join UAW strike talksA White House official said members of the team may go to Michigan next week, but that administration members and the union agreed it would be better to speak by Zoom for now.
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White House no longer sending top officials to Detroit for UAW strike talks this weekPresident Joe Biden largely sided with the striking autoworkers in an address Friday, but has received a relatively cold reception from the from the UAW.
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