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Stellantis’ CFO said strike impact was lower than the other Big Three automakers due to its global profile.
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The added pressure on GM is substantial as Spring Hill makes engines for other plants in addition to big-ticket vehicles including the electric Cadillac Lyriq, GMC Acadia and Cadillac crossover SUVs
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The four-year deal still has to be approved by 57,000 union members at the company.
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GM and Stellantis will have to follow the pattern set by Ford or it’s likely that UAW President Shawn Fain will add factories to its partial strikes that began on Sept. 15.
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The Ford deal could set the pattern for agreements with the other two automakers, where workers will remain on strike.
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The people said the union has made a counter-offer to Ford that proposes a 25% general wage increase over the life of a new four-year contract and that negotiations on Tuesday extended well into Wednesday morning.
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The United Auto Workers union has launched another, previously unannounced, strike. This strike is against one of General Motors most profitable factories in Texas.
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Autoworkers strike at Stellantis plant shutting down big profit center, 41,000 workers now picketingThe move came just three days after union President Shawn Fain reportedprogress in talks with General Motors and Stellantis but said thecompanies will have to make better offers.
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Analysts and even some workers have raised a pivotal question: Does Fain have an endgame to bring the strikes to a close?
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The union is not expanding its strike against Detroit’s Big Three automakers