Automotive

Daimler, UAW avert strike with tentative pact
Written by Ethan Bernard
April 29, 2024
Daimler Truck North America and the United Auto Workers (UAW) union have reached tentative bargaining agreements covering over 7,000 US workers at various locations in the South.
The agreement was reached ahead of the contract’s expiration at midnight on Friday, April 26.
“The four-year agreement delivers major economic gains for 7,300 workers, including raises of more than 25%, the end of wage tiers, and the introduction [of] profit-sharing and cost-of-living (COLA) for the first time since Daimler workers first organized with the UAW,” the union said in a statement on April 26.
A Daimler Truck spokeswoman told SMU on Monday that the agreements cover ~7,400 workers at Daimler manufacturing and component facilities in the US. The locations include the Thomas Built Buses plant in High Point, N.C.; Mount Holly Truck Manufacturing Plant in North Carolina; Cleveland Truck Manufacturing Plant in North Carolina; Gastonia Parts Plant in North Carolina; Atlanta Parts Distribution Center; and Memphis Parts Distribution Center in Tennessee.
“The UAW members at these locations will now be asked to vote on the new contracts, and we hope to finalize them soon, for the mutual benefit of all parties,” the spokeswoman for the German truck maker said.

Ethan Bernard
Read more from Ethan BernardLatest in Automotive

Cliffs CEO touts employee cash bonus for buying US-made vehicles
Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.

North American auto assemblies rebound in January
North American auto assemblies recovered in January, surging 33.4% above December and rebounding from a three-year low. However, according to LMC Automotive data, assemblies were still 0.1% lower year on year (y/y). After slumping in December to the lowest total since July 2021, January’s assemblies returned to typical seasonal levels. Sentiment remains tempered as carmakers […]

US light-vehicle sales decelerate in January
US light-vehicle (LV) sales slowed to an unadjusted 1.11 million units in January, a sharp cut of over 25% from December but still 3.8% above year-ago totals, according to US Bureau of Economic Analysis data. On an annualized basis, LV sales were 15.6 million units in January, down from 16.9 million units the month prior […]

ArcelorMittal to start building Calvert NGO electrical steel line this year
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]

North American auto assemblies fall in December
North American auto assemblies dropped in December, a sharp 22.6% fall below November, reaching the lowest mark in over three years. Assemblies were also down 5.7% year on year (y/y), according to LMC Automotive data. December’s assemblies reached the lowest total since July 2021. Sentiment remains tempered as carmakers continue to downgrade and adjust vehicle […]