( ) -q-28- UNDATED (Correspondent Jeremy House) “prices for consumers.” The big three automakers are experiencing lighter pocketbooks. [CutID: <Cuts> AUTO-STRIKES-FALLOUT-house-q-WEDam.mp3 Time: 28s Title: AUTO-STRIKES-FALLOUT-house-q-WEDam Out-cue: prices for consumers] TAG: Correspondent Jeremy House reporting. The automakers will also try to absorb those cost increases through expense reductions and efficiencies while still aiming to post strong […]
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Auto strike settlements will raise costs for Detroit’s Big 3
( ) -q-28- UNDATED (Correspondent Jeremy House) “prices for consumers.”
The big three automakers are experiencing lighter pocketbooks.
[CutID: <Cuts> AUTO-STRIKES-FALLOUT-house-q-WEDam.mp3
Time: 28s
Title: AUTO-STRIKES-FALLOUT-house-q-WEDam
Out-cue: prices for consumers]
TAG: Correspondent Jeremy House reporting. The automakers will also try to absorb those cost increases through expense reductions and efficiencies while still aiming to post strong enough profits to please Wall Street.
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VERBATIM: From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit’s automakers. Now, General Motors, Ford and Stellantis are facing sharply higher labor costs, estimated by some analysts at exceeding $1 billion per year, per company. Analysts say the companies will likely try to offset their cost increases by raising vehicle prices for consumers.