Ford says UAW strike cut sales by about 100,000 vehicles, cost company $1.7-billion in profits
Ford CFO John Lawler said the automaker will work to offset that cost through higher productivity and reducing expenses
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GM sees US$9.3-billion hit from new labour deals, outlines US$10-billion stock buyback
GM has struggled to boost its stock price as it dealt this year with the UAW strike, and with problems at its Cruise self-driving vehicle unit and rollout of its new electric vehicles
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UAW says 64% of workers at Detroit Three automakers voted to ratify new contracts
The union is now turning its attention to organizing foreign-owned and Tesla auto plants
Union workers at Stellantis move closer to approving contract that would end labour dispute
A vote-tracking spreadsheet posted on the union’s website showed that 68.4% were in favor of ratification, and the contract was leading by more than 9,600 votes with only three facilities yet to cast ballots
GM workers become first of Detroit Three automakers to approve labour deal with UAW
Attention now shifts to ongoing voting at Ford and Chrysler parent Stellantis, where the margins in favour of the deal suggest the agreement will be approved comfortably
Vote on tentative contract with General Motors too close to call as more tallies reported
The union hasn’t posted final vote totals yet, but workers at several large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins
UAW workers at GM’s Spring Hill plant in Tennessee vote against tentative deal
The Spring Hill manufacturing plant employs 3,932 workers and makes the company’s SUV models such as Cadillac XT5 and XT6
Stellantis offering buyouts to about half its US salaried employees
The buyouts would be about half the company’s salaried U.S. employees not represented by a union, which is currently 12,700
Ford production workers at Kentucky, Louisville plants vote against new labour deal
The ratification of the contract was voted down by 55% of the production workers whereas 69% of the skilled trades workers, which includes maintenance and construction employees, backed it
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Honda hikes U.S. production workers’ pay after UAW deals with Detroit Three automakers
Honda also said it would cut the time it takes for a worker to get to the top-wage tier to three years from six, confirming an earlier Wall Street Journal report
Unifor autoworkers ratify contracts with Stellantis with 20 per cent wage increase over three years
Agreements that cover 8,200 Canadian workers brings union’s bargaining round with Detroit Three automakers to a close
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Stellantis's profit margin advantage over Ford and General Motors looks likely to grow.
What Does GM's New Labor Contract Mean for Investors?
General Motors' profits could shrink by more than 20%.
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Canadian auto parts supplier Magna raises 2023 profit forecast, flags impact from UAW strikes
Magna expects its full-year total sales to be between $42.1-billion and $43.1-billion, compared with its prior forecast range of $41.9-billion to $43.5-billion
Toyota Canada asking Ottawa for assistance as it plans for shift to EVs
Ottawa, Ontario have already provided billions to support the construction of battery plants in Ontario for Volkswagen and Stellantis-LG Energy Solutions
UAW members at first Ford plant to go on strike vote overwhelmingly to approve new contract
Members of Local 900 at the Michigan Assembly Plant in Wayne, Mich., voted 81% in favor of the four year-and-eight month deal, according to Facebook postings by local members on Thursday