Auto workers are on the sixth day of their strike against the Big Three automakers: Ford (F), General Motors (GM), and Stellantis (STLA). As of now, there has been no notable progress in negotiations spearheaded by the United Auto Workers (UAW) union, with plans to extend the strike to additional plants if a labor contract agreement is not reached by tomorrow — Friday, September 22. Yahoo Finance Live's Seana Smith and Brad Smith sit down with The Nation Correspondent John Nicholas to discuss the UAW's demands, concerns surrounding workers' job security, and the strike's potential expansion. "The union has been flexible on some of this," Nicholas says. "Yes, they made a very, very big ask, I think, understanding that they would step back from that to some extent." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
There was some positive news in the ongoing labor battle between the Big Three and unionized autoworkers, though it came from north of the border as Ford reached a deal with a Canadian auto workers union, possibly providing some precedent for a deal to be reached here in the US.
Unifor — the union representing Canadian autoworkers — and Ford of Canada (F) have agreed on a new tentative labor contract, concluding six weeks of negotiations. This agreement prevented a complete walkout by union workers, while American auto workers enter their sixth day of strikes against the Big Three automakers — Ford, General Motors (GM), and Stellantis (STLA). Yahoo Finance Senior Autos Reporter Pras Subramanian explores how the recent contract agreement between Unifor and Ford of Canada might establish a potential precedent for the ongoing negotiations between the United Auto Workers (UAW) and the Big 3. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.