Click for more.
Daimler Truck workers from six different local unions in North Carolina, Georgia, and Tennessee continue to conduct so-called “practice pickets” to demonstrate that they are strike-ready when their contract expires on 26 April. Practice pickets are not work stoppages or walkouts am no entrances will be obstructed. Workers will report to their shifts as usual. Today the UAW released a new video called Leftover Money.
The workers who build Freightliner trucks, Western Star trucks, and Thomas Built Buses are facing declining real wages and job security as Daimler Truck tallies record profits and makes massive payouts to shareholders. During the past six years, Daimler Truck’s profits have increased by 90% while workers’ buying power has fallen 13%, the UAW maintains.
In March, Daimler announced record results for 2023 and a healthy outlook for 2024, including:
- Daimler made nearly $6 billion in 2023
- Profits increased 39% compared to 2022
- More than half of those profits were generated in North America
- The company plans to spend $2.1 billion on stock buybacks and intends to increase stock dividends by 46%
After those announcements, Daimler’s stock jumped 18% the next day. In interviews, Daimler CEO Martin Daum has said (boasted?) that:
- The company’s profits are “red hot”
- The “leftover money” belongs to the company’s stockholders
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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.
UAW Practice Picketing at Daimler Truck in the US South
Click for more.
Daimler Truck workers from six different local unions in North Carolina, Georgia, and Tennessee continue to conduct so-called “practice pickets” to demonstrate that they are strike-ready when their contract expires on 26 April. Practice pickets are not work stoppages or walkouts am no entrances will be obstructed. Workers will report to their shifts as usual. Today the UAW released a new video called Leftover Money.
The workers who build Freightliner trucks, Western Star trucks, and Thomas Built Buses are facing declining real wages and job security as Daimler Truck tallies record profits and makes massive payouts to shareholders. During the past six years, Daimler Truck’s profits have increased by 90% while workers’ buying power has fallen 13%, the UAW maintains.
In March, Daimler announced record results for 2023 and a healthy outlook for 2024, including:
After those announcements, Daimler’s stock jumped 18% the next day. In interviews, Daimler CEO Martin Daum has said (boasted?) that:
AutoInformed on
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.