Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
The industry’s transition to battery power is already underway. Republican presidential candidates are pushing to reverse course.
The former president will be making a campaign stop in Michigan on Wednesday amid the United Automobile Workers’ strike. He has both appeased unions and sought to circumvent them.
The president and his leading Republican rival are heading to Michigan to address members of the U.A.W., whose political clout is growing.
President Biden’s trip comes a day before former President Donald J. Trump arrives in Michigan, as the two men offer dueling messages to a powerful voting bloc in a key swing state.
Contract talks at an electric vehicle battery plant in Lordstown could have even more of an impact than the autoworkers’ strike on the labor standards of the emerging electric-vehicle industry.
Experts on unions and the industry said the U.A.W. strike could accelerate a wave of worker actions, or stifle labor’s recent momentum.
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
El sindicato y General Motors, Ford Motor y Stellantis siguen teniendo grandes diferencias en materia de salarios.