OEMs

GM Reaches Tentative Deal with UAW, Bloomberg Says
Written by Ethan Bernard
October 30, 2023
General Motors has reached a tentative labor agreement with the United Auto Workers (UAW) union, according to an article in Bloomberg.
The terms of the agreement are broadly similar to earlier tentative deals reached recently with Ford and Stellantis, the article said.
If the new pacts are ratified by UAW members at all “Big Three” Detroit-area automakers, this would end the “stand-up strike” against the automakers that started on Sept. 15.
A spokesman for GM declined to comment for this article, and a spokesman for UAW did not return comment by time of publication.
This is a developing story. Check back later for updates.

Ethan Bernard
Read more from Ethan BernardLatest in OEMs

Tariffs pressure consumers but boost Worthington Enterprises’ domestic edge
Worthington Enterprises’ consumer and construction-facing businesses delivered a confident opening act to fiscal 2026. But the story is nuanced — especially where tariffs, volumes, and HVAC demand intersect.

John Deere plans over 140 layoffs at two Iowa facilities
Over 140 John Deere employees at two of its Iowa facilities will be laid off in October.

HVAC equipment shipments down through July
Total heating and cooling equipment shipments eased again in July, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

Chicago Business Barometer drops in August
The Chicago Business Barometer, a leading indicator for the broader US economy, remains in contraction, slipping 5.6 points to 41.5 in August.