DETROIT – General Motors reported adjusted earnings of $3.2 billion in the second quarter, up 39% over last year and driven almost entirely by North American profits. The Wall Street Journal reported that GM’s quarterly revenue was $44.7 billion, 25% more than last year and “a post-bankruptcy record.” GM far exceeded analysts’ expectations and raised its full-year adjusted earnings forecast to between $12 billion and $14 billion. The 150,000 UAW members at GM, Ford and Stellantis began negotiations for a new contract with the three automakers this month. Altogether, the Big Three made a quarter-trillion dollars in North American profits over ...
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In 100 days, contracts expire for 150,000 autoworkers at Ford, General Motors, and Stellantis. UAW members are gearing up to win big for working class communities across the country. This contract fight will be the UAW’s defining moment as the auto industry transitions to electric vehicles. We’re setting a new standard, and members are united in the fight for our core demands: Ending wage and benefit tiers that divide workers Bringing back cost-of-living-adjustments (COLA) Job security when companies are making record profits Building a sustainable future for workers who build electric vehicles The Big Three have made a quarter of ...
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On June 1, 2009, General Motors filed for bankruptcy. To commemorate the 14th anniversary of that event, UAW Vice President Mike Booth issued the following statement: “Fourteen years ago this week, General Motors filed for bankruptcy. It was a scary moment for the auto industry, for our country, and for auto workers everywhere. The federal government, the American taxpayer, and – more than anyone – the auto workers rallied to save the iconic company. Auto workers had their wages slashed, lost their retirement security, gave up their job security, had their cost-of-living adjustments suspended. We gave up so much to ...
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