The United Auto Workers (UAW) got the best of Detroit at the negotiating table, winning impressive wage gains, enhanced benefits and other concessions. But its particularly aggressive stance will hasten the day when the Big Three will need a federal government bailout, just as GM and Chrysler (now part of Stellantis) did in 2008–09.
This episode of What’s Ahead explains how the union’s settlements combined with the government’s push to kill the production of internal-combustion-engine vehicles have American auto manufacturers headed for a financial iceberg of titanic proportions.
Read the full article here