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Last updated 5:28PM ET
March 8, 2021
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Auto Talks
(wgvu) -
DETROIT (AP) - Things are quiet on the bargaining front between
Detroit automakers and the U-A-W.
Local union officials and industry analysts say the silence
could be a sign of progress as contracts are set to expire in just
three weeks.
Many say the talks are critical to the survival of the domestic
auto industry.
General Motors, Chrysler and Ford lost a combined $15 billion
last year and want to reduce the hourly labor cost gap with
Japanese competitors. The companies say that figure is around $25
per hour.
The unions say labor is only 10 percent of a vehicle's cost.
Ford Chief Executive Alan Mulally (muh-LAHL'-lee) has said he
thinks an agreement can be reached before the national contracts
expire September 14th.
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