Tag Archives: Shawn fain

US Sales Lengthen Bidenomics Growth Streak in July

Posted on 3 August 2023 by Ken Zino

“At the risk of sounding like a broken record, July continued the trends that we have observed for several months now. As vehicle availability has improved, sales have grown, and the economy remains sufficiently strong to support the market’s activity, despite high transaction prices, rising interest rates and fears of a recession later in the year or in 2024,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading →

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New Pattern Bargaining – UAW and Unifor Strike All Makers?

Posted on 1 August 2023 by Ken Zino

“This year, negotiations are expected to be more contentious, and UAW President Shawn Fain has alluded that things may be done differently this time around which could mean that they negotiate with all three simultaneously – ultimately leading to a strike against all of the Detroit 3 if their demands are not met,” said Taylor Prodin, Analyst, Americas Vehicle Forecasts, GlobalData*. Continue reading →

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GM Posts Strong Q2 Results with $3.2B in Earnings

Posted on 25 July 2023 by Ken Zino

“The biggest driving force behind our financial results is customer demand for our vehicles, which have now led the U.S. industry in initial quality for two consecutive years. We have earned four consecutive quarters of higher retail market share in the U.S. versus a year ago with continued strong pricing and incentive discipline, we’re leading in both commercial and total fleet deliveries calendar year to date, and we’re growing profitably in international markets such as Brazil and Korea,” said CEO Mary Barra. Continue reading →

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UAW Dumps Traditional Negotiation Opening Handshake

Posted on 12 July 2023 by Ken Zino

“We have a once in a generation opportunity to make things right at the Big Three. We’re fighting to end tiers, to win back COLA and fair raises, and to secure our jobs in this transition to electric vehicles. If we stick together, as a united UAW, there’s nothing we can’t achieve. Let’s go make history,” the UAW said. Continue reading →

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