Biden says all autoworkers deserve deals like those the UAW won from Detroit automakers
Publishing timestamp: 2023-11-10 08:34:11
Summary
President Joe Biden expressed his support for the contracts recently won by United Auto Workers from General Motors, Ford Motor, and Stellantis. He praised the deals as "game changers" and set a new standard for blue-collar workers. The contracts include wage increases, cost-of-living adjustments, additional contributions for retirees, and other benefits. Biden also personally spoke with Stellantis North America's COO regarding a plant in Belvidere. Despite the support from Biden, the UAW has not endorsed him for reelection. The UAW plans to use the record contracts to assist in organizing non-union auto plants.
Sentiment: POSITIVE
Tickers: VOW3-DE, STLAM-IT, F, STLA, TSLA, VOW-DE, 7201.T-JP, GM,
Keywords: nissan motor co ltd, tesla inc, breaking news: politics, stellantis nv, autos, business, ford motor co, labor economy, general motors co, politics, breaking news: business, business news, volkswagen ag, joe biden, transportation, mark stewart,
Source: https://www.cnbc.com/2023/11/09/biden-uaw-contracts-all-autoworkers.html