UAW Strikes Escalate, Forcing Ford's Largest Factory to Close
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
UAW Strikes Escalate, Forcing Ford's Largest Factory to Close
UAW Strikes Escalate, Forcing, Ford's Largest Factory to Close.
Associated Press reports that the
United Auto Workers (UAW) union has escalated walkouts against Detroit's three largest automakers.
The extended strikes have shut down
Ford's largest factory, while threatening
to close Jeep maker Stellantis.
.
On October 11, an additional 8,700
workers left their jobs at Ford's
Kentucky truck plant in Louisville.
.
The next day, union President
Shawn Fain suggested further strikes
would take place against Stellantis.
The next day, union President
Shawn Fain suggested further strikes
would take place against Stellantis.
Here’s to hoping talks
at Stellantis today are more
productive than Ford yesterday, Shawn Fain, President of the
United Auto Workers union, via X.
Here’s to hoping talks
at Stellantis today are more
productive than Ford yesterday, Shawn Fain, President of the
United Auto Workers union, via X.
The Ford truck plant impacted by the latest
strike produces heavy-duty F-Series pickups,
as well as larger Ford and Lincoln SUVs.
.
AP reports that those vehicles are some of the
automaker's most lucrative products, with Ford stating
the plant generates $25 billion in revenue per year.
According to a statement by Fain,
the union has waited patiently, , "but Ford hasn't gotten the message.".
If they can’t understand that
after four weeks, the 8,700
workers shutting down this
extremely profitable plant
will help them understand it, Shawn Fain, President of the
United Auto Workers union, via X.
If they can’t understand that
after four weeks, the 8,700
workers shutting down this
extremely profitable plant
will help them understand it, Shawn Fain, President of the
United Auto Workers union, via X
Ford Orders Recall , Over Potential SUV Gas Leak.
ABC reports that Ford has ordered
a recall for almost 43,000 small SUVs
due to a potential risk of fire. .
The recall impacts some Bronco
Sport SUVs from 2022 and 2023,
as well as 2022's Escape SUVs. .
According to Ford, gasoline can leak from
fuel injectors near or onto hot engine surfaces,
which increases the risk of starting fires.
The recall does not reportedly include repairing
any potential fuel leak, which the company
claims only impacts about 1% of their SUVs.
ABC reports that Michael Brooks, executive director
of the nonprofit Center for Auto Safety,
has called Ford's decision a "Band-aid type recall.".
Brooks claims that even a 1% failure
rate is high and places drivers
at potential risk for a crash.
The NHTSA said that it lacks legal
authority to pre-approve recall fixes. .
The agency added that it would, "closely track their performance using field data.".
However, Brooks suggests that Congress
needs to change laws so that the NHTSA can , "require something more than the rubber
stamp that NHTSA is currently deploying.”.
That is a post-remedy inquiry
that won't make the fixes better,
and further stretches out the process
and leaves consumers in limbo. , Michael Brooks, executive director of the
nonprofit Center for Auto Safety, via ABC
Credit: Wibbitz Top Stories Duration: 01:30Published
These 5 US Cities Have the , Fastest-Rising Home Prices.
'Newsweek' reports that five cities in the
United States saw home prices increase by more
than 8% between January 2023 and January 2024.
The S&P CoreLogic Case-Shiller National Home Price
Index showed that all 20 cities analyzed had year-
over-year increases during the same period of time.
According to the report, , these are the five cities where , home prices grew the fastest:.
Chicago, IL, Home prices increased by 8%
year-over-year in the Windy City.
According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.
Charlotte, NC, Charlotte saw home prices increase
by 8.1% year-over-year for 2024,
with the median home price at $399,995.
Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
Los Angeles, CA, The city's 8.6% hike ranked as the second-highest
price increase in the nation with the median home
price at $975,000, a 5.9% increase year-over-year.
San Diego, CA, San Diego registered a whopping 11.2%
price increase for 2023 with the median sale price
sitting at $940,000, a 10% year-over-year increase.
Credit: Wibbitz Top Stories Duration: 01:31Published
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It has finally happened. After weeks of stalemated negotiations between auto manufacturers and the United Auto Workers union, things have finally come to a head. Now some 8,700 union workers have now..
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