City Detroit Financial News

Auto union plans strikes at factories in Wentzville, Missouri; Toledo, Ohio, and Wayne, Michigan, if no deal reached

A Detroit-area businessman has been sentenced to more than two years in federal prison for bribing the head of a Michigan marijuana licensing board

Biden sending top aides to Detroit to help with auto strike, says employers should share profits with unionized workers

About 13,000 workers go on strike at Detroit’s three automakers, seeking better pay and benefits

The stock prices of Detroit automakers General Motors (NYSE:GM) and Ford (NYSE:F) have declined in pre-market trading Friday, while Stellantis (NYSE:STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

By Joseph White and David Shepardson

It’s a confusing time to buy a car. After three years of surging prices, limited choices and long waits, the new and used markets were starting to stabilize. Now, a United Auto Workers strike of General Motors, Ford Motor and Jeep-maker Stellantis is poised to worsen the already tight supply of popular models, dealers and industry analysts say.

(Reuters) — The United Auto Workers union began unprecedented, simultaneous walkouts at General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler parent Stellantis (NYSE:STLA)' U.S. operations early on Friday after failing to reach pay deals with the automakers.

(Reuters) — The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler parent Stellantis (NYSE:STLA) on Friday, kicking off the most ambitious U.S. industrial labor action in decades.

With a deadline looming, the United Auto Workers union and Detroit’s three automakers, General Motors, Ford and Stellantis, remain far apart in contract talks and the union is preparing to strike

(Reuters) -The United Auto Workers (UAW) union outlined plans for a series of strikes targeting individual U.S. auto plants, in what would be their first-ever simultaneous walkout against the Detroit Three automakers.

With just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from Detroit automakers aren’t enough and the union is getting ready to strike

United Auto Workers (UAW) President Shawn Fain conveyed his dissatisfaction on Wednesday, emphasizing that the offers from the automotive companies were insufficient, and the union is preparing for a potential strike.

Talks between the United Auto Workers union and the Detroit automakers are facing a looming deadline with the labor agreements at General Motors, Ford Motor and Jeep-maker Stellantis set to expire at 11:59 p.m. ET Thursday. If a deal hasn’t been reached, UAW President Shawn Fain has made clear he is ready to strike with plans to target specific U.S.

Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories run by each of Detroit’s three automakers if they can’t reach contract agreements by a Thursday night deadline

The prospect of an auto workers strike could test Joe Biden’s treasured assertion he’s the most pro-union president in U.S. history

Akon has exciting news for his fans as he announces 'The Superfan Tour' for 2023. Get ready to groove to all your favorite Akon hits from the past 20 years, from «Right Now (Na Na Na)» to «Soul Survivor.» Produced by Live Nation, this 15-city tour promises an unforgettable musical journey.

Aerosmith's ‘Peace Out: The Farewell Tour’, marking over 50 years together, faces delays following Steven Tyler's vocal cord injury at the UBS Arena on September 9. Steven Tyler, the frontman, shared that doctors ordered him not to sing for 30 days due to vocal cord damage and bleeding sustained during a recent show. As a result, several tour dates will be rescheduled to ensure a proper performance for fans. Six concerts have been moved to 2024, starting in January and concluding in February. The affected cities include Detroit, Chicago, Washington, D.C., Toronto, Raleigh and Cleveland. Previously purchased tickets will remain valid for the new dates, and refunds are available for those unable to attend. Aerosmith had commenced their ‘Peace Out: The Farewell Tour’ on September 2 in Philadelphia, completing only three out of 40 scheduled dates. Notably, in December of the previous year, the band had to cancel the final two shows of their Las Vegas residency due to an undisclosed illness affecting Steven Tyler. Additionally, earlier in their journey, they had postponed dates to enable Tyler to seek treatment for addiction issues that arose following foot surgery.

Discussions of work-life balance have permeated many corporate workplaces over the past few years. Now, they are hitting the auto-factory floor. The United Auto Workers union, which is threatening to strike Friday if it can’t reach new labor deals with the Detroit automakers, is pressing for a number of items that are less about pay and more about improving the quality of life for assembly-line workers.

(Reuters) — A tight U.S. labor market, expiration of cyclical contracts and high living costs have triggered tough negotiations for pay hikes and other benefits by workers and strikes and protests across industries.

Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit’s three automakers