United Auto Workers

Third time a charm? UAW and Volvo reach another tentative agreement

The United Auto Workers and Volvo Trucks North America reached a third tentative agreement on a new contract Thursday evening, but the strike by hourly workers will continue through ratification voting on July 9.

The fractious labor dispute has dragged on since February when negotiations began on a new agreement to replace a five-year contract that expired on March 16. The union extended a strike deadline for a month before walking out on April 17. Union leaders ordered the approximately 2,900...

https://www.freightwaves.com/news/third-time-a-charm-uaw-and-volvo-reach-another-tentative-agreement

Impact of UAW strike at Volvo spreads to Maryland engine plant

A United Auto Workers strike at Volvo Trucks North America entered its third week Monday with the impact spreading to a Maryland engine plant that serves both Volvo and sibling Mack Trucks.

“The strike has affected Hagerstown, which has reduced the number of shifts for some operations, last week and this week,” Volvo Group spokesman John Mies told FreightWaves. 

The protracted labor dispute began in February when talks began on a new contract to replace a five-year pact signed in 2016. After...

https://www.freightwaves.com/news/impact-of-uaw-strike-at-volvo-spreads-to-maryland-engine-plant

Lordstown Motors charges ahead with electric pickup despite major setbacks

Lordstown Motors Corp. (NASDAQ: RIDE) is forging ahead with its battery-electric commercial Endurance pickup truck despite ousting its founder, CEO and chief financial officer following a “going concern” filing last week with the Securities and Exchange Commission.

The startup that went public last October in a business combination with special purpose acquisition company (SPAC) Diamond Peak Holdings Corp. has enough cash to build trucks through May 2022, President Rich Schmidt told the...

https://www.freightwaves.com/news/lordstown-motors-charges-ahead-with-electric-pickup-despite-major-setbacks

Try again: UAW members reject tentative contract at Volvo Trucks

After a 13-day strike called off by UAW officials, union workers at Volvo Trucks North America (VTNA) overwhelmingly rejected a tentative agreement Sunday. But they will stay on the job, company officials said.

According to UAW Local 2069’s Facebook page, a majority of the 2,900 represented workers at Volvo’s New River Valley truck assembly operations in Dublin, Virginia voted 91% against common and hourly language and 83% against salary language in the tentative agreement.

The strongly negative...

https://s29755.pcdn.co/news/uaw-overwhelmingly-rejects-tentative-contract-at-volvo-trucks

UAW ends 13-day strike at Volvo with tentative contract agreement

The United Auto Workers union ended a 13-day strike Friday at Volvo Trucks North America (VTNA), clearing the way for production to resume Monday at the Swedish truck makers’s only North American manufacturing facility.

Volvo said only that a tentative agreement was reached on a new five-year contract to replace a pact of the same length that expired on March 16. It declined comment on the deal until a ratification vote by the 2,900 affected rank-and-file workers.

UAW Local 2069 members walked...

https://s29755.pcdn.co/news/uaw-ends-13-day-strike-at-volvo-with-tentative-contract-agreement

News Analysis: Nikola tormentor Hindenburg Research opens fire on Lordstown Motors

Here we go again.

Almost six months to the day after its broadside alleging fraudulent business practices at startup Nikola Motors (NASDAQ: NKLA), short seller Hindenburg Research is firing on electric pickup truck startup Lordstown Motors Corp. (NASDAQ: RIDE). Similar claims. Different details.

Hindenburg was enormously successfully — and partially validated by Nikola’s own internal investigation finding that founder Trevor Milton misrepresented facts about Nikola’s technology and capabilities....

https://s29755.pcdn.co/news/news-analysis:-nikola-tormentor-opens-fire-on-lordstown-motors

GM will build electric commercial delivery vans in Canada

General Motors Co. (NYSE: GM) will invest $800 million in a makeover of a plant in Ingersoll, Ontario to build its EV600 electric delivery vans.

BrightDrop is a new business within GM offering a first-to-last-mile ecosystem of connected and electrified products and services.  GM digitally revealed BrightDrop last week at CES 2021.

Adding the EV600 along with the EP1 electric e-pallet, and a software platform for fleet and asset management, immediately makes GM a player among traditional and...

https://s29755.pcdn.co/news/gm-will-build-electric-commercial-delivery-vans-in-canada

Borderlands: Mexico tough for foreign firms; GM, union spar on Texas plant closure

Survey: Mexico is the 13th most complex country for business 

A reliance on older technology and pen-and-paper documents are among the reasons Mexico landed on the list of most complex countries to do business in the world, according to an annual survey by TMF Group.

The Global Business Complexity Index survey, which compares key administrative and compliance demands across 77 jurisdictions worldwide, ranked Mexico as the 13th most complex place to do business globally.

“Due to the quantity and...

https://s29755.pcdn.co/news/borderlands-mexico-tough-for-foreign-firms-gm-union-spar-on-texas-plant-closure

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