General Motors

Ford re-issued full-year earnings guidance that was withdrawn during the strike, but it trimmed its expectations. The company now expects to earn $10 billion to $10.5 billion before taxes in 2023

The autoworkers’ union made an address to 150,000 employees at 13 manufacturers following its successful strike at Detroit’s Big Three

By June of this year the 12-month growth rate had slowed from 90% to about 50%, and automakers have become increasingly fearful that the pace will weaken further

There are several theories surrounding the origin of the American automaker’s brand identity, which has been used for more than a century

The company cuts the number of planned jobs by about one third to 1,700 from 2,500. The annual battery cell output will drop from enough for 400,000 vehicles per year to about 230,000

The deal implies strong wage increases and other benefits for employees of the Big Three, and its effect has extended to other companies in the sector

Of the four GM plants that went on strike, workers at only a large SUV plant in Arlington, Texas, approved the contract

Five large factories have turned down the four year and eight month deal by fairly large margins. Voting continues at Ford, where the deal is passing with 66.1%

Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period

From Hollywood screenwriters to Spanish hotel workers, new spaces of collective struggle for labor rights are opening up

The Oct. 2 crash prompted Cruise to suspend driverless operations nationwide after California regulators found that its cars posed a danger to public safety

The agreements provide a blueprint for which cars and trucks they intend to build in the coming years and where they will do so

The UAW union will now seek to include workers from non-unionized factories, such as Tesla and foreign manufacturers like Toyota, Hyundai and Volkswagen

The contract with GM is similar to those reached by Ford and Stellantis. The deal will last four years and eight months and includes 25% general pay raises and cost of living adjustments

The new agreements with UAW, which include wage hikes and other concessions, will increase their labor costs and make a dent in their profits

Regulators in California revoked the license for Cruise after receiving reports of potential risks to pedestrians and passengers

Nearly 17,000 striking workers at Ford left the picket lines when the agreement was announced Wednesday night and will return to work shortly

The deal would include cost-of-living pay increases that could lift the total pay raises above 30% and would be used as a model to seek similar contract settlements with GM and Stellantis

Suspension of the Cruise robotaxi service comes just two months after another state regulator approved an expansion that authorized around-the-clock rides throughout San Francisco

The additional plants further escalate a labor dispute that’s in its sixth week and now has about 46,000 union workers off the job

The company posted net income of more than $3 billion from July through September, down 7% from the same period last year due to lost production from the strike, and also increased warranty costs

Union President Shawn Fain reported progress in talks with General Motors and Stellantis but said the companies will have to make better offers

Shawn Fain said Stellantis and GM have made wage offers that matched Ford’s 23% over the life of a four year contract, but insisted that the companies can go further

GM spokesman Kevin Kelly said the change has nothing to do with the ongoing four-week partial strike by members of the United Auto Workers union

Last week, 8,700 union members stopped working at the largest and most profitable Ford plant in the world, the Kentucky Truck Plant in Louisville

Ford said the move puts about a dozen other facilities at risk, as well as parts supply plants that together employ over 100,000 people