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Stellantis, Samsung SDI to build $3.2 billion EV battery plant in Indiana
The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge’s Speed Week at M1 Concourse in Pontiac, Michigan, Aug. 17, 2022. Bill Pugliano | Getty Images DETROIT — Samsung SDI and automaker Stellantis plan to invest more than $3.2 billion in a new electric vehicle battery plant in […]
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General Motors reaches deal with Canadian autoworkers hours after union initiates strikes
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM’s Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including Oshawa, Ontario, Canada October 10, 2023. Arlyn Mcadorey | Reuters DETROIT — General […]
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Canadian autoworkers strike against General Motors, joining UAW
Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada’s largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. Richard Lautens | Toronto Star | Getty Images DETROIT — Labor strikes are now an international issue for General Motors after the Detroit automaker failed to reach a […]
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Hispanic inclusion in corporate America lagged in 2022, new survey finds
Hispanic inclusion in corporate America lagged last year, particularly in three key areas — C-suite representation, talent development and supplier procurement — according to the Hispanic Association on Corporate Responsibility’s 2023 Corporate Inclusion Index. While Hispanics make up 18% of the U.S. workforce, according to the Bureau of Labor Statistics, they are overrepresented in nonexempt […]
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UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after a majority of members […]
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UAW Mack Trucks deal could be a test for worker demands amid Detroit automaker negotiations
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023. Rebecca Cook | Reuters DETROIT — United Auto Workers members with Volvo Group-owned Mack Trucks will vote this weekend on a tentative agreement that falls significantly short of what the union is demanding in […]
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U.S. 10-12 months yield jumps back near 16-12 months higher soon after greater-than-envisioned work opportunities report
U.S. Treasury yields rose Friday, with the 10-yr nearing a 16-calendar year higher right after the newest jobs data came in more robust than economists predicted. The produce on the 10-12 months Treasury was up by 13 foundation points at 4.851%. It had strike a new 16-year substantial before in the 7 days, soaring as […]
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Kaiser Permanente workers strike for second day after negotiations fail to reach labor contract
Kaiser Permanente employees, joined by Union members representing the workers, walk the picket line in Los Angeles, California on October 4, 2023. Frederic J. Brown | AFP | Getty Images Tens of thousands of Kaiser Permanente workers remained on strike for a second day after negotiators failed to reach an agreement to end a dispute […]
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10-year Treasury generate rises a bit forward of Friday’s work opportunities report
Extended-length Treasury yields rose again on Thursday as buyers awaited a crucial work opportunities report to gauge the route of financial coverage. The produce on the 10-yr Treasury climbed 3 foundation details to 4.759%. It had risen as significant as 4.884% on Wednesday, hitting a 16-12 months high. The produce on the 30-year Treasury was […]
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GM secures new $6 billion credit line as UAW strike costs reach $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some […]
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