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"Any bailout of the auto industry is really a bailout for the health benefits of the UAW. That's all it is." [48] Opponents of a bailout believe that the automakers' problems could be more efficiently resolved by a bankruptcy court with legal power to dissolve existing contracts, shedding costs, and debts that it can no longer afford.
President Biden announced Friday that he would be dispatching two top aides to get more directly involved in the negotiations between the United Auto Workers (UAW) and the Big Three auto companies.
Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...
Biden doesn’t need the whole country to flip from positive to negative on his economic approval. What he does need is an edge among working-class swing voters in Wisconsin, Michigan, Georgia ...
President Joe Biden’s pledge to make electric vehicles the center of his clean energy economy is hitting a roadblock: one of his party’s most powerful allies in the labor movement.
WASHINGTON (Reuters) -U.S. auto suppliers on Tuesday urged President Joe Biden to provide federal assistance to help auto parts companies impacted by the ongoing United Auto Workers strike against ...
WASHINGTON (Reuters) -The United Auto Workers union's leader endorsed U.S. President Joe Biden's reelection bid on Wednesday with fiery speech at a legislative conference that was also harshly ...
President Joe Biden called the head of the United Auto Workers union to congratulate him this past week on getting a new contract with General Motors and to wish him a happy 55th birthday — a ...