UAW family and allies — A few minutes ago, thousands of UAW members at Ford, GM, and Stellantis walked out, marking the beginning of the Stand Up Strike. UAW members at GM Wentzville Assembly, Local 2250 in Region 4 are ON STRIKE. UAW members at Stellantis Toledo Assembly Complex, Local 12 in Region 2B are ON STRIKE. UAW members at Ford Michigan Assembly Plant – Final Assembly and Paint, Local 900 in Region 1A are ON STRIKE. This fight is our generation’s defining moment. Not just at the Big Three, but across the entire working class. We will stand up for ourselves. We will stand up for our families. We will stand up for our communities. Join us.
President Shawn Fain met with UAW members on Facebook Live last night and laid out the Members’ Demands in Big Three bargaining. UAW members are thinking big and the Big Three can afford it. Ford, General Motors and Stellantis made a combined $21 billion in profits in just the first six months of this year. That’s on top of the quarter-trillion dollars in North American profits that the Big Three made over the last decade. “Record profits mean record contracts,” Fain said. In past negotiations, the UAW’s core contract demands have been called the President’s Demands and the union’s president ...
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Ford Motor Company far outpaced analysts’ expectations in the second quarter, reporting that its net income nearly tripled from a year ago to $1.9 billion. For the full year, Ford expects adjusted EBIT of $11 billion to $12 billion. That’s a significant increase over the $9 billion to $11 billion Ford had predicted last quarter. In 2022, Ford’s adjusted EBIT was $10.4 billion, so even the company’s lower guidance exceeds last year’s results. The 150,000 UAW members at Ford, GM and Stellantis began negotiations for a new contract with the Big Three automakers this month. All three companies have now ...
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This morning, Stellantis reported record profits for the first half of 2023, posting $12.1 billion (10.9 billion euros) in net profit. That’s a 37 percent increase over last year. Only 33 percent of Stellantis’ global workforce is in North America, yet workers here made the bulk of the automaker’s operating income: 57 percent of the automaker’s $15.7 billion (14.1 billion euros) in operating income was made in North America. The 150,000 UAW members at Stellantis, Ford and General Motors began negotiations for a new contract with the three automakers this month. Altogether, the Big Three companies made a quarter-trillion dollars ...
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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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The UAW has officially kicked off contract talks with all the Big Three automakers. This year’s negotiations had a very different tone even before our bargaining teams got to the table. In the past, bargaining began with a staged ceremony where UAW leaders shook hands with company CEOs. This year, our union’s top officers headed to the front gates of Stellantis’ Sterling Heights Assembly Plant (SHAP), GM’s Factory ZERO, and Ford’s Michigan Assembly Plant during shift changes last Wednesday to shake hands with members and listen to their concerns. At the three plants, members signed more than a thousand Support ...
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In a new video, UAW President Shawn Fain lays out a key goal of 2023 contract negotiations with General Motors, Ford, and Stellantis: winning back COLA, or Cost of Living Adjustments. Without COLA, inflation has far outpaced the raises UAW members negotiated in 2019. By contrast, CEOs of the Big Three have seen their pay jump over 40 percent between 2019 and 2022. “Inflation is hammering the American people. We see it in the cost of eggs, the price of milk. We feel the squeeze at the gas pump, and when we pay rent. Bills go up and our paychecks don’t. Working people can’t keep up. “That’s why we’re fighting for Cost of Living Adjustments, also known as COLA. “Back in 1946, the UAW went ...
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In a new video, the UAW shows the Big Three car companies made nearly $250 billion in profits over the last decade and can easily afford the union’s demands in upcoming contract negotiations. UAW President Shawn Fain said: “The Big Three have collectively amassed so much money in North American profits over the last ten years, they could have bought every NBA team, every MLB team, and every NHL team, and they would still have 50 billion dollars left over.” The video also highlights the bloated salaries Big Three CEOs paid themselves in 2022: GM CEO Mary Barra, $29 million ...
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