Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis recently announced its latest proposal to the United Auto Workers, which includes significant raises of nearly 21% throughout the duration of the contract. …
MALIBU, California – Discovering the remarkable ease of driving the $2.1 million Rimac Nevera is the most astonishing aspect of this experience. The Nevera, an electric hypercar from Croatia, sits remarkably low to the ground. It might seem daunting to enter, but the doors, which lift up and out like a Lamborghini’s, cleverly cut into …
Detroit’s UAW Strike: Blue-Collar Versus Billionaire Battle The United Auto Workers strike led by UAW President Shawn Fain has brought a blue-collar versus billionaire battle to the Motor City of Detroit. Fain, an outspoken and emboldened leader, has skillfully leveraged the strike to bring the UAW back into the national spotlight, representing not only union …
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – Thousands of members of the United Auto Workers went on strike at three U.S. assembly plants of General Motors, Ford Motor, and Stellantis, after the union and …
An American Airlines 787 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Numerous companies are cautioning that soaring fuel costs and increased employee wages will impact their profits this quarter. Companies spanning from aerospace manufacturers to package delivery leader UPS are grappling with significant labor agreements. Furthermore, unions representing workers from the automotive …
UAW Union Prepares Targeted Strikes Against Auto Manufacturers UAW Union Prepares Targeted Strikes Against Auto Manufacturers United Auto Workers (UAW) President Shawn Fain welcomed workers at the Stellantis Sterling Heights Assembly Plant in Sterling Heights, Michigan, to mark the beginning of contract negotiations on July 12, 2023. As the negotiations reach a critical point, the …
UAW President Shawn Fain addressed union members during a Solidarity Sunday rally in Warren, Michigan on August 20, 2023. Fain stated that the United Auto Workers and Detroit automakers are currently in a disagreement and that the union is likely to go on strike after the Thursday deadline. Fain provided details on the proposals regarding …
An American Airlines plane takes off above Spirit Airlines planes and other aircraft at Los Angeles International Airport (LAX) on June 1, 2023 in Los Angeles, California. Mario Tama | Getty Images American Airlines and Spirit Airlines on Wednesday joined other carriers in cautioning about potential profit challenges during the busy summer quarter. American Airlines …
The United Auto Workers union is prepared to initiate a strike against the Detroit automakers if labor deals are not reached by the Thursday deadline at 11:59 p.m. ET, according to UAW President Shawn Fain’s statement on CNBC’s “Squawk Box” on Wednesday. Fain shared this information following a meeting with local union leaders where he …
2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles. Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly 20% in the …