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Workers strike at all 3 Detroit automakers in a battle for a bigger share of industry profits

From apnews.com

About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri; a Ford factory in Wayne, Michigan, near Detroit; and a Stellantis Jeep plant in Toledo, Ohio. It is the first time in the union’s 88-year history that all three companies were targeted simultaneously. The strikes will likely chart the future of the union and of America’s homegrown ... (full story)

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  • Category: Fundamental Analysis