UAW wins 25% salary increase at GM Ultium plant

[swamp2]

How is that huge? Spread over 4 years, it's 6.25% per year. Inflation was running around 8% annually recently, and we all know it was A LOT higher than that. The rate the Govt gives excludes food and energy. The real rate of inflation was probably around 50%. Anyone who has bought groceries over the last few years knows that groceries have tripled in price. Gasoline has doubled, automobiles are up at least 50%. Home prices are up at least 50%. A 25% raise spread over 4 years doesn't even keep up with the real cost of living.

It's high simply empirically. Raises never keep up with inflation in periods when it's high. I'd be thrilled with 4% cost of living raises in the current environment.

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[Shazamalingo]

If it keeps the money "rolling in" then that money is from complete idiots (so the government and people paying mark ups on Broncos). But I don't understand how people can have such a narrow and uneducated view on economics and electric cars. Buying into a myth to feel good is not a fact nor a sound economic path.

Tesla and the Chinese EV makers will continue to take share from the legacy autos. They will continue to drive cost down. They are the only ones that make money on EVs. EVs are rapidly take auto share globally (2020 4%, 2022 14% and going). Legacy autos are handcuffed by outside suppliers, unions and dealers. Most legacy autos will die. The rest will consolidate just to stay alive.

Agree - there will be consolidation for sure.

 

[Bruno]

Im agree with
John McElroy at Autoline

 

[Butzy]

wasn't that Ohio plant a JV and they were making $16 an hour and it went to $20? I could be mistaken but it was not at a regular GM plant.

Correct. Ignorance is bliss

 

[APhysicist]

LOL. I do not care for GM either, but my super cheap Korean made GM has been great. I don't mean to wear my SJW medals on my chest or anything, but my Chrysler product was made in Mexico and my GM, as I said, was made in Korea. The Fords were made in the people's republic of michigan.

Is that the Chevy Trax?

 

[Twister22]

Base Bronco has gone up nearly $10k already, imagine what it's gonna be in a few more years.

The Base Bronco has been deleted already!

 

[PrepVet]

Is that the Chevy Trax?

Spark

 

[williamshafer]

Base Bronco has gone up nearly $10k already, imagine what it's gonna be in a few more years.

It's already discontinued for '24

 

[AK SNO RIDER]

It's already discontinued for '24

Which makes the Big Bend the new base model, starting at $10k more than the previous Base.

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