Here’s what the workers want, what the company are offering and how a labor walkout could affect car prices.
United Auto Workers president Shawn Fain speaks to members of Local 862 at a rally in Louisville, Ky., in August.
Fain has dismissed these proposals as inadequate to protect workers from inflation and reward them for building the vehicles that have made the Detroit Three so profitable.The companies have rebuffed the union’s demands as too expensive.
Sam Fiorani, an analyst with AutoForecast Solutions, a consulting firm, said the automakers had roughly 1.96 million vehicles on hand at the end of July. Before the pandemic, that figure was as high as 4 million.“A work stoppage of three weeks or more,” Fiorani said, “would quickly drain the excess supply, raising vehicle prices and pushing more sales to non-union brands.”Yes, if it’s long and especially in the Midwest, where most auto plants are concentrated.
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