G.M. Profits Hurt by Electric Car Business and Strike
The automaker has placed a bet on electric vehicles, but it has struggled to produce and sell the vehicles in large numbers.
The automaker has placed a bet on electric vehicles, but it has struggled to produce and sell the vehicles in large numbers.
A tentative agreement gives union members at the carmaker their best terms in decades but could complicate Ford’s electric vehicle plans.
The three U.S. automakers say they are already at a disadvantage to nonunion rivals while labor leaders hope that big gains in negotiations will inspire workers in Southern states to unionize.
Mr. Ford, the executive chairman of Ford Motor, said nonunion automakers would make gains against Michigan automakers because of strikes by the United Automobile Workers union.
The United Auto Workers union said workers would walk out of more plants on Friday if it didn’t make progress in talks with General Motors, Ford and Stellantis.
Experts on unions and the industry said the U.A.W. strike could accelerate a wave of worker actions, or stifle labor’s recent momentum.
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
The union and the carmakers remain far apart on wages.
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