Posts tagged battery production
Opinion: UAW settlement will increase cost of new vehicle
January 12, 2024 // These additional labor costs will add about $900 to the price of a new vehicle. Manufacturing output per hour in the U.S. has grown by just .02% since 2009. As a bargaining strategy it makes sense for John Fein, president of the UAW, to argue that auto manufacturers are enjoying significant profits, and that some auto executives are paid giant salaries. However, what is not as well publicized is that productivity in the domestic automobile industry, as measured by output per hour, has declined by 32% since 2012. Some of this precipitous drop in productivity can be blamed on the pandemic, but such drastic productivity decreases were not as apparent in Asia. Simply put, American auto manufacturers and workers are not very efficient.
GM agrees to place EV battery manufacturing under UAW agreement
October 7, 2023 // General Motors (GM) has agreed to place battery manufacturing for electric vehicles (EVs) under its main agreement with the United Auto Workers (UAW) union, UAW President Shawn Fain announced on Friday. Fain said the union won’t expand its strike against the Big Three automakers following the the last-minute development in negotiations. “We’ve been told for months that this is impossible,” Fain said. “We’ve been told the EV future must be a race to the bottom. And now we’ve called their bluff.”
Reuters Analysis: Biden’s climate agenda has a problem in not enough workers
January 17, 2023 // The Inflation Reduction Act, signed into law last year, provides for an estimated $370 billion in solar, wind and electric vehicle subsidies, according to the White House. Starting Jan. 1, American consumers can take advantage of those tax credits to upgrade home heating systems or put solar panels on their roofs. Those investments will create nearly 537,000 jobs a year for a decade, according to an analysis by BW Research commissioned by The Nature Conservancy.