Markets fell further on Tuesday as investors grew increasingly fearful about the possibility of another US interest rate hike and the prospect of keeping rates elevated for an extended period to combat persistent inflation.
DETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers union could lead to the closure of 18 U.S. facilities, but it could also bring new investments and repurpose an idled vehicle assembly plant in Illinois, sources familiar with the discussions told CNBC.
DETROIT — Ford Motor’s labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers.
DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country’s Ontario providence.
DETROIT — Major automakers are calling into question the United Auto Workers’ motives in launching targeted strikes in light of leaked messages by a union director calling to “keep them wounded for months.”
DETROIT — The United Auto Workers is expanding strikes to 38 parts and distribution locations across 20 states, targeting General Motors and Stellantis, UAW President Shawn Fain said Friday morning.
Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023.
With the introduction of new laws, such as the CHIPS and Science Act and the Inflation Reduction Act of 2022, the Biden administration has been betting big on industrial policies to bring manufacturers back to the United States.
Aluminum producer Alcoa announced Monday that the company has named William Oplinger as its new president and CEO, effective immediately.
A lack of simple tests for common lung conditions is preventing GPs making accurate diagnoses, a charity says.
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