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In a virtual press conference this afternoon, UAW President Shown Fain modestly discussed the UAW’s influence in the 2026 mid-term elections. [In effect he was building organized labor’s Triumphal Arch, while citing the legendary UAW President Walter Reuther who said that there is direct relationship between the ballot box and the bread box, and what the labor movement fights for and wins at the bargaining table can be taken away in the legislative halls. -AutoCrat.]
“The UAW’s influence in the 2026 cycle will feed directly into legislative and political campaigns to fight for the union’s ‘four core issues’ wages, healthcare, retirement, time off – as we head into the 2028 round of bargaining at the Big Three automakers, where contracts expire on May 1, 2028. The flagship economic fight of the next Congress will be delivering on retirement security for all workers, including defending and expanding Social Security and Medicare,” the UAW said in a statement just before the election. Continue reading
GM Q3 2026 Net $3.3B. More Share Buybacks Coming
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General Motors (NYSE: GM) today reported Q3 2026 revenue of $50.0 billion, net income attributable to stockholders of $3.3 billion, and EBIT-adjusted of $4.1 billion. The company is updating its full-year 2026 EBIT-adjusted guidance, narrowing the range. The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date.
“GM is performing well, and we are working hard to continue our momentum despite growing inflationary pressures through strategic investments in new products and services, and through improved quality and operating efficiency. Over the next several years, our portfolio will only get stronger as we complete the launches of the all-new 2027 Chevrolet Silverado and GMC Sierra light duty pickups and follow them with our next-generation heavy duty pickups, our next-generation full-size SUVs, all-new Cadillac sedans and crossovers, and more,” said Mary Barra chair and CEO of General Motors. Continue reading →