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The Big Three are paying a big price to end the UAW strike — but that won’t necessarily jack up car prices

today 10/31/2023
The most recent videos consist of 17 videos that include advertisements and feedback. These videos are related to the ongoing United Auto Workers union strike against the "Big Three" automakers - Ford, General Motors, and Stellantis. However, there are tentative agreements reached between the automakers and the union, indicating that the strike may soon come to an end. The strike, which has been ongoing for almost seven weeks, is the longest auto strike in the US in 25 years and is the first time the UAW has simultaneously struck against all three unionized automakers. The strike initially started at one assembly plant for each company but expanded in scope to increase pressure on the companies during negotiations. The strike has resulted in significant production losses and economic impact, estimated at $9.3 billion, including lost wages, supplier losses, and delays in car parts orders. Negotiations between the union and each automaker saw the hardest hits against Ford, Stellantis, and GM, leading to tentative deals. Despite the added costs for the automakers, it is unlikely that car prices will increase significantly, as prices are determined by supply and demand, and the automakers need to remain competitive and find more efficient ways to build cars. However, it is important to note that the tentative agreements are not final and require ratification by rank-and-file members, which could lead to a resumption of the strike if the deals are rejected.
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