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General Motors (GM) secures tentative deal with UAW, ending strike

Teslarati

General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative agreement, ending a six-week strike that has cost the automaker billions of dollars in lost production. The deal, which must still be ratified by UAW members, is the final one to be reached between the union and the Detroit Big Three.

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Union Bargaining Begins in Detroit

The Truth About Cars

For most people living in North America, wages haven’t kept pace with the cost of living and inflationary pressures are exacerbating the issue. workers than GM or Stellantis places it at a $1 billion annual cost disadvantage. about 11,000 more than GM and 16,500 more than Stellantis.

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UAW strike gains not as much of a blow to Ford, GM, and Stellantis: report

Teslarati

It appears that the Detroit Big Three’s losses from the UAW’s six-week strike would not be as substantial as initially feared. Thanks to initiatives such as cost-cutting measures, Ford, GM, and Stellantis should be able to weather an estimated combined $2.9 GM and Stellantis are expected to adopt similar strategies.

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UAW Reaches Tentative Deal With All Detroit Automakers, Striking Ends

The Truth About Cars

The United Auto Workers have reached a tentative agreement with all three Detroit automakers. The last hurdle was rumored to be the inclusion of Ultium Cells LLC (a joint venture between GM and South Korea’s LG Energy Solution) in the UAW’s master contract. For GM, that equates to an 11 percent increase in wages within the first year.

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GM initiates $10B share buyback & updates 2023 guidance to boost Wall Street’s confidence

Teslarati

General Motors (GM) is taking bold moves to regain Wall Street’s confidence after weeks of strikes and negotiating with the United Auto Workers (UAW) union. ” GM Share Buyback Plan General Motors intended to initiate an accelerated $10 billion share buyback plan executed by Bank of America, Goldman Sachs, Barclays, and Citibank.

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QOTD: Will You Miss the Chevrolet Malibu?

The Truth About Cars

It might surprise you that the Chevrolet Malibu is still in production, but according to a The Detroit News report I found via Autoblog , the venerable mid-size sedan will finish rolling off assembly lines in November. Image: Chevrolet/GM] Become a& TTAC& insider. So maybe us keyboard warriors are on to something.

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GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant

Baua Electric

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. After software glitches, freight delays, and other issues caused GM to miss its EV sales target in 2023, the company believes “production hell” is behind it. Barra confirmed GM will launch an Ultium-based Bolt EV next year.

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