The United Auto Workers (UAW) and Detroit’s Big-3 automakers face a critical juncture in contract negotiations as they approach the final day for substantial progress before the union signals an expansion of its U.S. strikes. This standoff raises concerns about prolonged industrial action, potentially disrupting production and sending ripples through the supply chain, which could impact U.S. economic growth. Last week, UAW initiated unprecedented simultaneous strikes at key assembly plants of General Motors (GM), Ford, and Stellantis. GM responded by idling its Fairfax Assembly Plant in Kansas City, Kansas, due to the strike at GM’s Wentzville Assembly Plant in Missouri, … (read full article...)
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