OEMs

Ford, Stellantis On Verge of Ratifying UAW Contracts
Written by Ethan Bernard
November 17, 2023
United Auto Workers (UAW) union members seem poised to ratify contracts at Ford and Stellantis, according to UAW vote trackers and media reports.
As of Friday afternoon, the vote stood at 68.3% of Ford union workers having ratified the agreement, while at Stellantis, that percentage was slightly higher at 69.6% voting yes.
Some media outlets have already reported the contracts as having attained the votes necessary for ratification by both automakers. However, spokespeople for both Ford and Stellantis have declined to comment until the union makes an official announcement.
A UAW spokesman did not return a request for comment by time of publication.
It has been widely reported that workers from General Motors have ratified their labor contract, though that vote was seemingly closer than with the other two members of the Detroit-area “Big Three.”
If ratified, this would bring an official end to the UAW “stand-up” strike that began on Sept.15 and targeted specific plants at all of the Big Three. The final tentative labor agreement was reached with GM on Oct. 30. The new contracts are four-and-a-half-year agreements that would expire on April 30, 2028.

Ethan Bernard
Read more from Ethan BernardLatest in OEMs

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.

Galvanized steel prices slip while demand remains flat: HARDI
Galvanized steel prices dipped to ~$48/hundredweight in August from the $50-59/hundredweight range during the month of July.

Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.

Manufacturing in New York state recovers in July
Business activity in New York state recovered slightly in July, with the Empire State Manufacturing Index seeing its first positive reading in four months.