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The Latest Breaking News from UAW

UAW reaches tentative deal with Chrysler parent Stellantis to end 6-week strike

The tentative deal — which needs to be approved by members — comes less than a week after the union struck a similar deal with Ford. Meanwhile, the union is expanding its strike against GM.

WEKU

UAW reaches tentative contract deal with Jeep maker Stellantis, reports say

Jeep maker Stellantis has reached a tentative contract agreement with the United Auto Workers union that follows a template set earlier this week by Ford, two people with knowledge of the negotiations said Saturday

The Independent UK

AP Sources: Auto workers and Stellantis reach tentative contract deal that follows model set by Ford

The Independent UK

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UAW and Stellantis close to tentative agreement in Illinois

Negotiators will outline terms to local union officials on Saturday, including reopening automaker’s Belvidere plant, sources say

The Guardian - US

Why workers are resorting to more strikes this year to pressure companies

This has been a watershed year. So far in 2023, there have been 22 major strikes: 17 at companies, making it the largest number of strikes in the private sector since 2011.

WEKU

S&P 500 Closes Lower Despite Positive Tech News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday fell by -0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -1.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +0.50%. Tech stocks saw support Friday from positive earnings news...

Barchart

Ford Cuts EV Investment After Losing $36,000 On Every EV Sold In Q3

Despite a 44 percent increase in EV deliveries, Ford's EV losses continued to rise in the Q3, with the company posting an operating loss of $1.3 billion.

InsideEVs

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Stock Market Correction Intensifies; Google, Meta, Microsoft, Amazon Are Big Earnings Movers: Weekly Review

The stock market correction intensified, with the major indexes all hitting fresh lows. Microsoft, Google, Amazon and Meta led key earnings.

Investors Business Daily

Lessons From the Bust That Followed Bill Clinton’s Economic Boom

Historian Nelson Lichtenstein’s new book details the price we have paid for free trade, deregulation and failed health care reform.

Capital & Main

Tech Stocks Rebound Higher on Positive Amazon and Intel News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.96%. The broader indexes are higher today after positive earnings...

Barchart

Markets Today: Stocks Rebound Higher on Positive Amazon and Intel News

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.23%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.63%. Stock index futures this morning are trading higher after positive earnings news from Amazon.com late Thursday boosted tech stocks. The positive Amazon.com news followed the sharp...

Barchart

Stock of the Week Under $10: American Axle & Manufacturing

The recent United Auto Workers strike has taken its toll on both automakers and the large number of companies that supply them. This temporary bump in the road may provide an opportunity to pick up certain auto related stocks at prices that otherwise wouldn’t be available. American Axle Manufacturing (AXL)…

StockNews.com

General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford's

General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal signed with crosstown rival Ford

The Independent UK

Auto union says it has tentative deal with Ford raising hopes of end to strike

More than 40,000 union members have been on Big Three picket lines across the US since September

The Independent UK

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InsideEVs

UAW Demands May Jeopardize Detroit And Korea's $28B Battery Plants

Detroit Three's South Korean partners are reportedly getting nervous because of substantial wage increases the UAW demands for U.S. battery plant workers.

WEKU

UAW and Ford reach a tentative deal in a major breakthrough in the auto strike

The UAW reached a tentative labor agreement with Ford, although it still needs to be signed off by UAW's Ford leadership and then ratified by its full member

Motor1

Ford And UAW Reach Tentative Agreement To End Strike

Union President Shawn Fain and Vice President Chuck Browning announced the news on social media Wednesday evening.

Investors Business Daily

UAW Strike: Ford, Union Reach Tentative Labor Deal

Ford reached a tentative labor deal with the United Auto Workers Wednesday night. Ford stock rose, along with GM and Stellantis.

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Chicago Sun-Times

Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers

The four-year deal still has to be approved by 57,000 union members at the company, but the UAW called on Ford workers to return to their job, which would include the Chicago Assembly Plant.

The Independent UK

UAW appears to be moving toward a potential deal with Ford that could end strike

The United Auto Workers union appears to be edging closer to a tentative contract agreement with Ford that would be critical to ending the union’s 6-week-old strikes against the three major Detroit automakers, two people with knowledge of the talks said Wednesday

Chicago Sun-Times

Striking autoworkers are right: Focus on equity in transition to clean energy, electric vehicles

As the auto industry shifts to electric vehicle production and the global economy shifts to green energy, there’s a chance for more equity for Black workers, the head of the National Urban League writes.

The Texas Tribune

5,000 Texas GM auto workers join nationwide strike

The factory in North Texas is considered one of General Motors’ most profitable.

Fortune

'Billionaires shouldn't exist': Shawn Fain is leading the auto strike crippling Detroit as if he were Bernie Sanders

The head of the United Auto Workers is walking the Vermont senator's talk.

Investors Business Daily

Ford Earnings Jump Less Than Expected. Management Yanks Guidance.

Ford earnings soared 30%, below forecast. And management pulled full-year guidance after reaching a labor agreement with the UAW.

Motor1

UAW Strike Halts Suburban, Yukon, And Escalade Production At Texas Plant

UAW members at GM's massive Arlington, Texas plant join over 40,000 workers now on picket lines.

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