UAW Not Backing Biden Says Shawn Fain: 'Our Endorsements Are Going To Be Earned'
Portfolio Pulse from Benzinga Neuro
United Auto Workers (UAW) President, Shawn Fain, has declared his non-endorsement for President Joe Biden in the upcoming 2024 elections. This follows recent attempts by the Biden administration to involve itself in the UAW’s ongoing negotiations with leading automakers such as Ford Motor Co, General Motors Company, and Stellantis NV. The UAW has been critical of Biden's EV policies, stating that the government was investing billions in EV transition without any commitment to workers.
September 18, 2023 | 12:19 am
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NEGATIVE IMPACT
Ford may face challenges in negotiations with UAW due to the union's non-endorsement of Biden and criticism of his EV policies.
The UAW's non-endorsement of Biden and criticism of his EV policies could potentially affect their negotiations with Ford, leading to potential labor issues and disruptions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
General Motors may face difficulties in negotiations with UAW due to the union's non-endorsement of Biden and criticism of his EV policies.
The UAW's non-endorsement of Biden and criticism of his EV policies could potentially affect their negotiations with General Motors, leading to potential labor issues and disruptions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Stellantis may face challenges in negotiations with UAW due to the union's non-endorsement of Biden and criticism of his EV policies.
The UAW's non-endorsement of Biden and criticism of his EV policies could potentially affect their negotiations with Stellantis, leading to potential labor issues and disruptions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70