OEMs

GM Reaches Tentative Deal with UAW, Bloomberg Says
Written by Ethan Bernard
October 30, 2023
General Motors has reached a tentative labor agreement with the United Auto Workers (UAW) union, according to an article in Bloomberg.
The terms of the agreement are broadly similar to earlier tentative deals reached recently with Ford and Stellantis, the article said.
If the new pacts are ratified by UAW members at all “Big Three” Detroit-area automakers, this would end the “stand-up strike” against the automakers that started on Sept. 15.
A spokesman for GM declined to comment for this article, and a spokesman for UAW did not return comment by time of publication.
This is a developing story. Check back later for updates.

Ethan Bernard
Read more from Ethan BernardLatest in OEMs

Galvanized buyers brace for market shifts amid rising tariffs
One buyer summed up the prevailing sentiment: “Everything is pointing up — pricing, sentiment, order activity. But the real test will come once the immediate reactionary buying subsides. Will there be enough true demand to support these levels through mid-year? That’s the big unknown.”

Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.
Metalformers slightly more optimistic heading into 2025
Most expect activity to hold steady or increase over the next three months.
Metalformers see activity improving or steady in coming months
About 23% of respondents expect an uptick in economic activity in the next three months. That’s an increase over the 13% in October.

Galvanized tags predicted to be flat into final stretch of 2024: HARDI
Domestic galvanized prices remain relatively rangebound despite the conclusion of the US presidential election.