Posts tagged electric vehicle
Dem Demands On Automakers Could Backfire On Their Own Climate Agenda And Americans’ Wallets, Experts Say
January 17, 2024 // “EV cars require fewer workers to build,” Higgins told the DCNF, noting that greater union membership in the auto industry is probably not possible with a corresponding transition to EVs. “That’s just a fact. But that may not matter as much as you might think to the UAW. Believe it or not, only about 150,000 of the UAW’s 400,000 or so members actually work for Detroit automakers. The union has branched out into other areas, such as education, and those areas are growing… So fewer auto workers will hurt the union but not kill it.”
NLRB complaint alleges Lucid fired employees for union effort
January 10, 2024 // This is not the first time the union has attempted to organize outside of its traditional Big Three stronghold. It has been able to get enough support at Volkswagen’s plant in Chattanooga, Tennessee, to have union elections there twice, and twice at plants operated by Nissan in Canton, Mississippi, and Smyrna, Tennessee. But most of the efforts to organize companies like Tesla failed before even reaching the point of an NLRB-supervised representation election.
Ford Sells Barely Any EVs
January 9, 2024 // Ford recently made the point that its new United Auto Workers (UAW) union contract would be costly and affect its product development plans. Between signing the deal and 2028, Ford said the contract would cost it $8.8 billion, about $900 a vehicle in 2028. Tesla, which does not have a unionized workforce, also has an advantage in labor costs.
GM expects labor contracts to cost an additional $9.3 billion
November 29, 2023 // In their Wednesday business update, GM told investors and customers that the contracts, which included massive pay and benefit increases for its workers, would cost the company significantly. The car giant also reinstated its 2023 business guidance and announced a $10 accelerated stock buyback. Additionally, GM released its estimate for how much the UAW strike cost the firm. According to the Wednesday announcement, GM estimates that the strikes, which began in September and ended late last month, cost the company around $1.1 billion, with bonuses and other benefit increases likely costing the company an additional $200 million before the end of the year.
UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory
October 29, 2023 // Under the deal, the union said it saved jobs in Belvidere as well at an engine plant in Trenton, Michigan, and a machining factory in Toledo, Ohio. “We’ve done the impossible. We have moved mountains. We have reopened an assembly plant that was closed,” Fain said. The deal includes a commitment by Stellantis to build a new midsize truck at its factory in Belvidere, Illinois, that was slated to be closed. About 1,200 workers will be hired back, plus another 1,000 workers will be added for a new electric vehicle battery plant, the union said. “We're bringing back both combustion vehicles and electric vehicle jobs to Belvidere,” Fain said.
UAW members grow weary five weeks into strike, supply starts to thin
October 20, 2023 // Fletcher says workers are waiting for Ford and Stellantis to put all Electric Vehicle battery production in a UAW agreement similar to what GM pledged to do two weeks ago. But he said he feels Ford has given them a good enough offer he can live with. "Like I tell all these young guys – they’re wanting the moon and the stars – take what you can get before you lose what you got," he said. Experts in the auto industry are saying the strike has prompted a widening shortage of midsize trucks, which were already in short supply when the strike began in mid-September.
Ford says it is ‘at the limit’ with UAW contract offer
October 13, 2023 // Ford officials said on Thursday that cutting a deal that does not allow the company to survive makes no sense and that striking the Kentucky truck plant would also hurt the UAW's profit-sharing checks. In a sign of the strike's expanding impact, Delta Air Lines (DAL.N) said on Thursday it is feeling a pinch from the automotive and entertainment labor strikes. Delta President Glen Hauenstein said the UAW strike has curtailed a "significant" amount of business in Detroit. Automakers have more than doubled initial wage hike offers, agreed to raise wages along with inflation and improved pay for temporary workers, but the union wants higher wages still, the abolishment of a two-tier wage system and the expansion of unions to battery plants. The UAW has room to expand its walkouts and increase the pressure on the Detroit Three to offer bigger wage gains, richer retirement packages and more assurances that new electric vehicle battery plants will be unionized.
Workers at Mack Trucks set to strike after rejecting tentative contract deal
October 9, 2023 // Union workers at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. Monday, the United Auto Workers union says. Union President Shawn Fain said in a letter to Mack parent company Volvo Trucks that 73% of workers voted against the deal in results counted on Sunday. The UAW represents about 4,000 Mack workers in three states. Union leaders had reached a tentative agreement on the deal on Oct. 1. The deal included a 19% pay raise over the life of the contract with 10% upon ratification. There also was a $3,500 ratification bonus, no increase in weekly health care contributions, increased annual lump sum payments for retirees and a $1,000 annual 401(k) lump sum to offset health care costs for employees who don’t get health insurance after retirement. Fain said in his letter to Volvo Trucks’ head of labor relations that employees working early Monday will exit the factories after performing tasks needed to prevent damage to company equipment.
Op-ed: A Raise for Auto Workers May Imperil Biden’s Electric Vehicle Ambitions
October 5, 2023 // Ford CEO Jim Farley said the UAW's proposals could send the automaker into bankruptcy, while Barra said they were not "realistic." Dan Ives, research analyst for Wedbush Securities, said in a note to investors that the UAW's demands, if fully accepted, could cause automakers "to pass these costs onto the consumer" by increasing E.V. prices by as much as $5,000 each. By visiting an active picket line, Biden made his preference clear in the fight between unions and management. But depending on how the negotiations go, he may not be able to have it both ways: Either UAW members can get a big raise, or automakers can push forward in the transition to electric vehicles.