Axios - There's zero chance the automakers will reach a labor deal with the UAW by tomorrow at noon, sources close to the bargaining tell Axios. That's the time at which the union says it plans to kick off strikes at additional factories. With both sides dug in, a prolonged strike is looking more likely. The union could continue the selective strike strategy that began last week, by ordering targeted walkouts at engine or transmission plants, slowly starving other factories of critical components. Or it could go straight for the jugular, by striking factories that build the companies' most profitable vehicles — full-size pickup trucks.
UAW President Shawn Fain said in a video message to members: "We're going to keep hitting the company where we need to, when we need to. And we're not going to keep waiting around forever while they drag this out." GM President Mark Reuss, in an op-ed in the Detroit Free Press, clapped back at what he called UAW "misinformation," saying the company has made a record offer, and that "often in these situations, the clouds of rhetoric can obscure reality."
So far in the labor dispute, the UAW has been holding back its most powerful weapon — shutting down pickup truck production. Striking these plants would have a devastating effect on the companies.... With an average selling price of $65,500, the Ford F-series, Chevrolet Silverado/GMC Sierra and Ram truck model lines generate an estimated $15,000 profit per vehicle, per Barclays
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