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Biden says all autoworkers deserve deals like those the UAW won from Detroit automakers - TL;DR CNBC

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

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Keywords: nissan motor co ltdtesla incbreaking news: politicsstellantis nvautosbusinessford motor colabor economygeneral motors copoliticsbreaking news: businessbusiness newsvolkswagen agjoe bidentransportationmark stewart

Source: https://www.cnbc.com/2023/11/09/biden-uaw-contracts-all-autoworkers.html


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