Biden says record profits should ensure record contracts as UAW strikes Ford, GM and Stellantis plants
Publishing timestamp: 2023-09-15 16:32:46
Summary
Nearly 13,000 autoworkers from General Motors, Ford Motor, and Stellantis have gone on strike after contract talks ended without agreement. President Biden supports the workers and dispatches officials to mediate negotiations. The strike puts Biden in a tough position as the demands of the union are partly in response to his electric vehicle policies.
Sentiment: MIXED
Tickers: F, STLA, GM, STLAM-IT,
Keywords: stellantis nv, labor unions, united auto workers, washington, transportation, business news, joe biden, ford motor co, gene sperling, autos, business, politics, breaking news: business, government and politics, breaking news: politics, labor economy, donald trump, general motors co, personnel,