U.S. auto workers expanded their strike on Friday with a clear target for distress: dealers who sell and service GM and Stellantis vehicles. 'It's going to become near impossible to get a lot of these parts,' said Richard Fasulo, a diagnostic technician from Wappinger, New York, who works for a Cadillac franchise dealer and used car dealers. Selling repair parts and service returns is the key to many dealers' profits, and returns 40% or better gross profit margins for big auto retail chains such as AutoNation and Lithia.
- U.S. auto workers expanded their strike on Friday with a clear target for distress: dealers who sell and service GM and Stellantis vehicles.
Selling repair parts and service returns is the key to many dealers' profits, and returns 40% or better gross profit margins for big auto retail chains such as AutoNation and Lithia. The UAW had been expected to expand their strike by shutting down plants that made the highest-profit vehicles, such as pickup trucks. But automakers have built up vehicle inventory and for many dealers problems with repairs will start soon."It's definitely going to impact customers," said Thomas Morris, 60, who went on strike on Friday at a General Motors parts distribution center in the suburbs of Philadelphia.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UAW strike: Friday deadline looms as GM, Stellantis lay off workersGM and Stellantis are laying off workers, as Stellantis passes on a new offer to the UAW, while another deadline looms tomorrow for Big Three and the UAW to strike a deal.
Read more »
UAW to expand strikes at GM, Stellantis parts facilities; 'real progress' made at FordUAW president Shawn Fain announced the union was expanding its 'stand up' strikes at 12p ET Friday, but only against GM and Stellantis, after the union said “real progress” was made with Ford in negotiations this week.
Read more »
UAW adds 38 GM, Stellantis parts distribution centres to strike but spares Ford with progress madeUAW President Shawn Fain said he is not adding new Ford sites to the strike because the automaker had increased its offers for profit-sharing payouts and job security.
Read more »
UAW to Expand Strike Against GM and Stellantis While Sparing Ford(Bloomberg) -- The United Auto Workers’ unprecedented strategy to simultaneously target all three legacy carmakers is showing results.Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanBonds Halt Fed-Fueled Slide as Stocks Fluctuate: Markets WrapThe union said that it cli
Read more »
UAW expands strikes against GM, Stellantis(Reuters) - The United Auto Workers (UAW) union said on Friday it would expand its coordinated strike against General Motors Co and Stellantis but ...
Read more »