Automotive
Mark Barrott, a partner with Plante Moran, said in a webinar hosted by ARPM and MAPP, suspects the UAW strikes are just the beginning and could have cascading impacts on North American auto industry suppliers.
The United Auto Workers union's strike against the Detroit 3 has made an already precarious financial situation for suppliers even more fraught—and the auto makers might be in part to blame, industry experts said.
General Motors idled its Chevrolet Malibu assembly plant in Kansas and and Stellantis has laid off dozens in Ohio as the UAW strike continues.
Unifor has struck a last-minute tentative agreement with Ford Motor Co. of Canada, averting what would have been the first strike by Canadian auto workers against the auto maker in 33 years.
The stakes are high as a new UAW president fights for a self-described "audacious and ambitious" list of demands from Ford, General Motors and Stellantis. Here are three key issues the UAW is fighting for in the Detroit 3 contracts.
UAW President Shawn Fain said workers at more plants would be called to join the strike starting on Friday if the union is not satisfied with the state of negotiations.
Talks stalled in the final hours of negotiations, even as the auto makers offered record raises as high as 20 percent. GM CEO Mary Barra on Friday said she hoped for a quick return to the bargaining table.
Volkswagen of America has approved the Nexen Roadian GTX as an original equipment fitment on the newly remodeled 2024-model-year VW Atlas SUV.
The union said proposed wage increases were 20 percent from Ford, 18 percent from GM and 17.5 percent from Stellantis. Ford and Stellantis said the UAW had not responded to offers they presented Tuesday before Fain criticized them.