Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

GM, UAW Reach Tentative Labor Deal to End Strike

Updated Oct. 30, 2023 10:22 am ET General Motors became the last of the Detroit automakers to reach a new tentative labor deal with the United Auto Workers union Monday to end a strike that has spanned more than six weeks, according to people familiar with the talks. This latest accord follows tentative agreements struck … Read more

GM, UAW Move Closer to a Tentative Labor Contract

Updated Oct. 27, 2023 5:23 pm ET The United Auto Workers union is close to completing a tentative agreement on a new contract with General Motors, two days after the union clinched a tentative deal with Ford Motor. The two sides negotiated throughout Thursday night and into Friday morning, and reconvened in the early afternoon … Read more

UAW Spares Carmakers Further Strikes, but Says More Could Come

The union president said the strike is entering a new phase and needs a new approach. Reference

UAW Strikes at Ford Pickup-Truck Plant in Kentucky

Union escalates its nearly four-week labor action by hitting the automaker’s largest factory. Source link

UAW Talks Turn to Key Battleground: Jobs at Future Battery Plants

Automotive workers union says it scored a victory with General Motors on battery plants, but gaps with other companies remain. Source link

The UAW's leader said Detroit's automakers would be spared additional walkouts Friday, citing progress made in negotiations.

The UAW’s leader said Detroit’s automakers would be spared additional walkouts Friday, citing progress made in negotiations. Source link

UAW Strike Enters Fourth Week as Companies Brace for More Walkouts

About 25,000 workers are on strike across five assembly plants and dozens of parts-distribution centers, spanning GM, Ford and Stellantis. Source link

U.S. stocks wavered before closing lower, with the S&P 500 and Nasdaq each losing 0.1%. and the Dow industrials slipping less than 0.1%.

U.S. stocks wavered before closing lower, with the S&P 500 and Nasdaq each losing 0.1%. and the Dow industrials slipping less than 0.1%. Source link

The UAW's decision to forgo the all-in strike that many industry observers had expected has so far softened the disruption to the Detroit car companies' factory footprints and bottom lines.

The UAW’s decision to forgo the all-in strike that many industry observers had expected has so far softened the disruption to the Detroit car companies’ factory footprints and bottom lines. Source link