The future of the auto industry
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 September 2023
⏱️ 7 minutes
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Summary
The UAW started a limited strike today at all three big automakers in the U.S. But this strike is about more than fair wages and benefits — the future of American-made cars, and how soon they can go electric, hangs in the balance. Plus, media mogul Byron Allen has offered Disney $10 billion for ABC. We’ll talk about why CEO Bob Iger might be inclined to take the deal.
Transcript
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| 0:00.0 | The switch to electric cars is a key issue in the auto-workers' strike that's now begun |
| 0:06.6 | at three locations. |
| 0:07.9 | I'm David Brancaccio, with contract negotiations ongoing, the United Auto Workers' Union |
| 0:13.8 | is now on strike. |
| 0:15.2 | For the first time, it's against all of the so-called big three car makers at the same time |
| 0:19.8 | GM, Ford and Stellantis, the Amsterdam-based company that absorbed Chrysler Jeep. |
| 0:25.6 | It's a limited strike at three plants wane near Detroit, Toledo, and in Wentzville, Missouri, |
| 0:31.6 | a narrow walk out allows room for escalation. |
| 0:34.5 | If negotiations remain stuck, it's a strategy that also makes the unions $825 million |
| 0:39.9 | fund to help compensate striking workers last much longer than the 77 days it would last |
| 0:46.0 | if everybody walked off the job at once. |
| 0:48.5 | The dispute is about wages and benefits, but it's also about the future of a changing |
| 0:52.9 | industry. |
| 0:53.9 | Mr. Michigan will refine Eric Gordon, a professor at the University of Michigan's Ross School |
| 0:58.5 | of Business. |
| 0:59.5 | Good morning. |
| 1:00.5 | Hello, David. |
| 1:01.5 | Let's start with this conundrum at the White House. |
| 1:05.8 | President Biden calls himself the most pro-labor president in history, and he's facing pressure |
| 1:12.3 | to support the UAW here, but also he has responsibility for keeping the economy chugging |
| 1:19.7 | along. |
| 1:20.7 | He's going to be in the middle. |
... |
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