UAW

GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes – Lifotravel

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GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes

General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated … Read more

UAW reaches tentative agreement with US automaker that could end strike – Lifotravel

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UAW reaches tentative agreement with US automaker that could end strike

The union has used an innovative approach to step up pressure on large companies and win substantial wage gains. The United Auto Workers (UAW) union has reached a tentative agreement with the US automaker General Motors (GM), according to several reports in US media, marking the possible end of a weekslong strike in which workers … Read more

General Motors Reaches Tentative Agreement With UAW, Potentially Ending 6-Week Strike – Lifotravel

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General Motors Reaches Tentative Agreement With UAW, Potentially Ending 6-Week Strike

DETROIT (AP) — General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, a person briefed on the deal said Monday. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend. The deals will last … Read more

GM, UAW may be nearing a labor deal after marathon negotiating session – Lifotravel

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GM, UAW may be nearing a labor deal after marathon negotiating session

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar … Read more

Ford is set to report earnings on the heels of its tentative deal with the UAW – Lifotravel

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Ford is set to report earnings on the heels of its tentative deal with the UAW

 2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue: $41.22 billion Those results would be increases of more than … Read more

Ford, UAW negotiators reach labor deal, pending union leadership approval – Lifotravel

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Ford, UAW negotiators reach labor deal, pending union leadership approval

United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in … Read more

UAW Expected To Announce Contract Deal With Ford That Could End Strike – Lifotravel

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UAW Expected To Announce Contract Deal With Ford That Could End Strike

DETROIT (AP) — The United Auto Workers union is expected to announce a tentative contract agreement with Ford Wednesday night that could be a breakthrough toward ending the nearly 6-week-old strikes against Detroit automakers. Two people with knowledge of the bargaining said the company and union are working on the final details of the contract … Read more

UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings – Lifotravel

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UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings

DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The Tuesday strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces the Cadillac … Read more

UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes – Lifotravel

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UAW says 'more to be won' despite record offers from automakers; declines to expand strikes

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the … Read more

UAW strike starting to impact global businesses, analysts say – National | Globalnews.ca – Lifotravel

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UAW strike starting to impact global businesses, analysts say - National | Globalnews.ca

Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the Detroit Three automakers, with analysts warning that the financial hit could increase if the walkout does not end soon. With the United Auto Workers (UAW) strike entering its 36th day and the … Read more