Elon Musk Says Auto Union’s Demands Would Bankrupt Big Three Carmakers
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Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.”
President Joe Biden endorsed the UAW’s demand for a major wage increase during a visit to a picket line at a General Motors Co. plant in suburban Detroit earlier Tuesday. The union is striking against General Motors Co., Ford Motor Co. and Stellantis NV, maker of the Jeep, Chrysler and Dodge brands. The union, which has taken the rare step of striking against Detroit’s Big Three automakers simultaneously, has reduced its demands for pay raises in negotiations from 40% to 36%.