OP
NoTrespassing
Veteran Member
At current price, F is paying over 5% so basically CD rate but there's a chance they could have a homerun on their 2025 EV truck.
Will UAW Strike?
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bigtiller
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Sure it is, but you can bet the starting line on the company side is just as crazy.
OP
NoTrespassing
Veteran Member
Possibly, I'd like to be a fly on the wall.
groundcover
Veteran Member
Sounds like a lot more assembly will be moved out of the US !
oldnslo
Super Member
Just was watching national news and that was one of the headlines.
Actual unbiased data is probably about as rare as hens teeth.
sea2summit
Elite Member
What? Lot’s here are full.
OP
NoTrespassing
Veteran Member
Morningstar auto analyst David Whiston said in a research note on Friday that he is more concerned about this year’s talks than he’d normally be because some of the UAW’s demands are "not economically possible if the automakers want to remain competitive."
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BravoXray
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Isn't the UAW asking for a 40% wage increase?
I doubt that is a demand that has a realistic chance of them getting.
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I don't agree and I own my farm smack dab in the middle of Michigan aka: The home of the auto workers, also known as You Ain't Working...lol
They are gonna strike (keep in mind we are a Ford's Family too).
The UAW is demanding a 40% wage increase across the board, dropping the tiered wage system for new hires and most importantly, a 32 hour work week that pays as 40 hours.
The not so big 3 aren't going to capitulate to that crap.
Also, keep in mind that strike compensation is 500 bucks a week before taxes and candidly I don't know of any auto worker skilled trades or assembly line that can exist very long on 500 a week as most of them are tapped out with toys and mortgages, living beyond their means already.
Not gonna happen for UAW worker bees.
They will strike and the auto companies will tell them to stick it. Trust me, I know, I'm in the middle of it. They might be selling cars and trucks, but certainly not EV's.. Lightening pickup trucks are stacked up like cordwood up at Rouge assembly, I was just up there a couple weeks ago and the entire holding lot was filled with them. Besides, the economy is in terrible shape so with overpriced vehicles, no one (with any sense is buying them right now.
The perfect storm is brewing for the demise of the UAW, much like the Teamsters and the YRC bankruptcy. When a union starts to control a private company, they either go bankrupt or get rid of the union employees and that is EXACTLY what will occur with the UAW and the not so big 3.
What will ultimately transpire is they will move from Michigan to RTW states and the last UAW worker to leave Michigan will have to turn the lights out...lol
Don't believe me, just sit back and watch and we hold quite a bit of stock in Ford Motor Company that we are considering dumping presently. Keep in mind that my BIL is a high ranking exec at Fords. I actually got to meet the Fords family at my BIL's daughter's wedding and we drove our Cadillac to the wedding too. I'm not at all prejudice at all.
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NoTrespassing
Veteran Member
I don't believe it will be the end of the UAW or the Big 3. I think they will go through some pain though and shareholders might feel some too. That's why I'm keeping some powder dry. This is Fain trying to make a name for himself talking big. Let's see how long members and retirees hang with him.