Ford Financial News

Mobius Capital Partners founding partner Mark Mobius says it's important for investors to diversify outside of China and into India, but warns against ignoring Chinese tech stocks on 'The Claman Countdown.'

UBS managing director and senior portfolio manager Jason Katz discusses the impact of the UAW strike on the Federal Reserve and the auto industry, as well as high oil prices.

United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And over the past four years, the gap at the three has widened.

Canadian autoworkers have ratified a new labor agreement with Ford Motor Co., averting a threatened strike

Even after escalating its strike against Detroit automakers, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits

manufacturing renaissance. President Joe Biden claims much of the investment is the result of financial incentives resulting from the Chips and Science Act and the Inflation Reduction Act (IRA), two of his signature policies. But state and local giveaways also help.

General Motors, Stellantis and Ford is spreading with 13,000 workers walking out of three assembly plants. The automobile workers went on an indefinite strike after the union's contract with the companies came to an end at midnight on September 14. Workers at dozens of factories across 20 states joined the strike. The negotiations continued on Thursday, but it did not make any progress.

The United Auto Workers’ strike is getting bigger

'Making Money' host Charles Payne discusses the impact of the expansion of the UAW strikes.

New Jersey car dealership owner Tom Maoli says the UAW strike could disrupt the auto supply chain causing a ripple effect throughout the U.S. economy on Cavuto: Coast to Coast.

Federated Hermes CIO of Equities Stephen Auth joined ‘Mornings with Maria’ to discuss the U.S. economy as high oil prices start to raise concerns about sticky inflation.

ERShares CEO Joel Shulman discusses the current state of the markets and the ongoing UAW strikes.

Auto workers have expanded their strike against major carmakers, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states

United Auto Workers said on Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.Ford was spared additional strikes because the company has met some of the union's demands during negotiations over the past week, said UAW President Shawn Fain. The union is pointing to the companies' huge recent profits as it seeks wage increases of 36 per cent over four years. The companies have offered a little over half that amount. The UAW has other demands, including a 32-hour work week for 40 hours of pay and a restoration of traditional pension plans for newer workers. The companies say they can't afford to meet the union's demands because they need to invest profits in a costly transition from gas-powered cars to electric vehicles. The UAW's contract with the automakers expired at midnight on September 14, and workers walked out of a Ford assembly plant near Detroit, a GM factory in Wentzville, Missouri, and a Jeep plant run by Stellantis in Toledo, Ohio.

In this article

The United Auto Workers union on Friday is set to expand its strike against Detroit automakers, barring any last-minute signs of significant movement in labor-contract negotiations. UAW President Shawn Fain has said he would instruct workers to walk out of more factories unless “serious progress" is made in talks with General Motors, Ford Motor and Jeep-maker Stellantis. About 12,700 factory workers have been on strike for a week at three plants, one for each automaker.

Investing.com — The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserve’s hawkish tilt. Microsoft (NASDAQ:MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer.

By Hyunjoo Jin

WENTZVILLE, Mo.—The use of temporary factory workers at the Detroit car companies has long rankled the United Auto Workers union, which wants fewer of them and a faster path to full-time status. Automakers say they need the flexibility that temp workers provide, especially as they manage a tricky and costly transition to electric vehicles and confront the ups and downs of factory production. The issue is a key point of debate at the bargaining table as the UAW’s strike against General Motors, Ford Motor and Chrysler’s parent, Stellantis, enters its seventh day.

By Lucia Mutikani

United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials. Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 201,000 for the week ended Sept. 16, the Labor Department said on Thursday.