Ford and GM workers already make $20 more per hour than Tesla employees. Their union's demands would double that gap.
Tesla is the real reason Ford, GM, and Stellantis execs don't want to meet the UAW union's strike demands.
Source: yahoo.com
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UAW president names 3 assembly plants as strike targets if deal is not reached by midnight
With two hours to go before contracts expire and a strike could begin, UAW President Shawn Fain appeared on a livestream video to explain what will happen of an agreement is not reached with Ford, GM and Stellantis.
Source: yahoo.com
A big winner of the UAW strike: Tesla
Tesla faces growing electric vehicle competition, and rival automakers are challenging its position as the EV market leader. Tesla gained the crown by beating competitors to market by literally years. But industry analysts believed Tesla would ultimately be bested by legacy automakers that could make much cheaper EVs.
Source: cnn.com
ASX 200 LIVE: ASX to leap, S&P 500 rallies broadly, China data pending
Australian shares jump; Metcash sales up; Link UK sale on track; Fitch cuts Ramsay’s rating; ACCC denies Qantas-China alliance; China data ahead. Follow updates here.
Source: afr.com
Detroit automakers shares fall with UAW strike likely to begin Thursday night; prolonged strike could significantly hinder EV production timelines
Shares of the big three Detroit automakers — General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F) and Stellantis NV (NYSE:STLA, EPA:STLA) —...
Source: proactiveinvestors.com