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Axios Re:Cap

Detroit’s Short-Term Thinking

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 25 October 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

The United Auto Workers union votes on a tentative General Motors agreement today, which could end a nearly six-week strike. Dan dives in to the deal with Joann Muller, who writes the Axios Navigate newsletter. Plus: Facebook decides to share with publishers and the return of “Davos in the Desert.”

Transcript

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0:00.0

Welcome to Axisprerana, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:11.3

I'm Dan Premack. On today's show, Facebook decides to share and the return of Davos in the desert.

0:17.0

But first, Detroit's short-term thinking. Last month, we dedicated an entire episode to the 50,000

0:23.2

General Motors Workers who had just launched America's largest labor strike in 12 years. They wanted

0:28.6

higher wages, fairer compensation for temporary workers, and for GM not to close several

0:34.0

facilities, including that much talked about plant in Lourdes Town, Ohio.

0:38.0

In the end, the workers basically got two out of three, and they're now in the midst of voting

0:42.4

on the deal. If successful, expect the UAW to take this framework to Ford and Fiat Chrysler,

0:48.6

basically trying to replicate it. So, you know, all good for now. But almost everything in this

0:53.8

deal is based on, well, it's based on the for now part.

0:57.7

It doesn't really get into job dislocations that could occur as the industry moves further toward electrification and autonomy, nor what would happen if gas prices were to rise, thus making pickup trucks and SUV, let alone a recession.

1:11.0

Remember, these aren't just theoretical risks.

1:13.8

The auto industry's technological changes are already in motion, including a GM, and we all

1:18.2

know about the inevitability of oil price and economic cycles.

1:21.8

Unfortunately, neither management nor labor were able or willing to prick themselves on those

1:27.1

thorny issues, which could mean GM

1:29.1

won't have to wait another 12 years between major strikes. In 15 seconds, we'll go deeper with

1:34.1

Axios auto reporter Joanne Mueller. But first, this. Axios chief technology correspondent

1:40.3

Enah Freed shares breaking news and analysis on the most consequential companies

1:44.6

and players in tech from the valley to D.C.

1:47.7

Subscribe to get smarter faster at signup.axios.com.

1:51.2

And now back to the pro rata podcast.

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