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Tag: Stellantis N.V.

It May Be Too Late to Fend Off China’s Battery Giants
7Nov By adminNo Comments
Money

It May Be Too Late to Fend Off China’s Battery Giants

Updated Nov. 7, 2023 12:00 am ETHaving charged up in their massive home market, Chinese electric-vehicle-battery firms are becoming major export players, too. The West’s efforts to protect its own markets might prove too little, too late.Chinese firms are also eyeing big new factory expansions in Europe itself, and in U.S. free trade partners, as a way to sidestep current and future import restrictions—much like Japanese carmakers did in the U.S. in the 1980s.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UAW, Ford Expected to Announce New Tentative Labor Deal
25Oct By adminNo Comments
World

UAW, Ford Expected to Announce New Tentative Labor Deal

Updated Oct. 25, 2023 6:58 pm ETThe United Auto Workers union is expected to announce a new tentative labor contract with Ford Motor on Wednesday night, after intense bargaining throughout the day, according to people with knowledge of the talks.The UAW, now in the sixth week of its strike at the three Detroit automakers, has called for work stoppages at three Ford factories and sent more than 16,000 U.S. factory workers at the Dearborn, Mich., based car company to picket lines.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UAW Leader Cites Progress at Bargaining Table, Forgoes More Walkouts
21Oct By adminNo Comments
World

UAW Leader Cites Progress at Bargaining Table, Forgoes More Walkouts

Updated Oct. 21, 2023 12:34 am ETThe United Auto Workers’ leader said negotiations for a new labor contract with Detroit’s three car companies have been progressing, but he threatened to expand the union’s now six-week-long strike if they don’t move more.UAW President Shawn Fain said during a livestream to members Friday that General Motors, Ford Motor and Chrysler-parent Stellantis have each offered 23% wage increases for factory workers over more than four years. That would amount to record contracts for those employees, but the companies still have room to sweeten their offers, he said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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