The UAW released a video this week asserting that Big Three CEOs make far more than their counterparts at rival automakers and can easily afford the union’s demands. The new video, “Competition,” shows that average pay last year for the CEOs at Ford, General Motors and Stellantis was $25 million – five times the $5 million average for their counterparts at other leading automakers.
The video also shows that Big Three price gouging, not UAW pay, has been responsible for rising car prices in recent years. Average new car prices went up 34% over the last four years while pay for UAW members rose just 6%. The cost of labor for the Big Three is ~4-5% of total operations. The video notes that Ford, General Motors and Stellantis could double UAW wages, not raise car prices and still make billions of dollars.
Reform UAW President Shawn Fain – the first one elected by all the members – narrates the video. “The Big Three want you to believe that what we are asking for is dangerous and unrealistic. What is truly unrealistic is to keep making record profits year after year and then think that the workers who made those profits are just going to settle for scraps. What is truly dangerous is for corporations and the billionaire class to continue making out like bandits while the working class gets left further and further behind.
“That is why these companies, and the corporate media are so desperate to try and convince the American people that unions are the problem. We are NOT the problem. This so-called ‘competition’ is the problem. Corporate greed is the problem. Our solidarity is the solution,” said Fain
Currently, ~34,000 UAW members are on strike against the Big Three. Members at six assembly plants and 38 parts distribution centers in 21 states have joined the walk out. If the automakers fail to make substantial progress in negotiations toward a fair contract, more locals will be called on to Stand Up and join the strike. Fain is addressing members today about next steps.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
New Car Prices Up 34% in last Four Years. UAW Pay 6%
The UAW released a video this week asserting that Big Three CEOs make far more than their counterparts at rival automakers and can easily afford the union’s demands. The new video, “Competition,” shows that average pay last year for the CEOs at Ford, General Motors and Stellantis was $25 million – five times the $5 million average for their counterparts at other leading automakers.
The video also shows that Big Three price gouging, not UAW pay, has been responsible for rising car prices in recent years. Average new car prices went up 34% over the last four years while pay for UAW members rose just 6%. The cost of labor for the Big Three is ~4-5% of total operations. The video notes that Ford, General Motors and Stellantis could double UAW wages, not raise car prices and still make billions of dollars.
Reform UAW President Shawn Fain – the first one elected by all the members – narrates the video. “The Big Three want you to believe that what we are asking for is dangerous and unrealistic. What is truly unrealistic is to keep making record profits year after year and then think that the workers who made those profits are just going to settle for scraps. What is truly dangerous is for corporations and the billionaire class to continue making out like bandits while the working class gets left further and further behind.
“That is why these companies, and the corporate media are so desperate to try and convince the American people that unions are the problem. We are NOT the problem. This so-called ‘competition’ is the problem. Corporate greed is the problem. Our solidarity is the solution,” said Fain
Currently, ~34,000 UAW members are on strike against the Big Three. Members at six assembly plants and 38 parts distribution centers in 21 states have joined the walk out. If the automakers fail to make substantial progress in negotiations toward a fair contract, more locals will be called on to Stand Up and join the strike. Fain is addressing members today about next steps.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.