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World Business Report: First broadcast 18/09/2023 14:32 GMT : UAW and automakers try to reach a final deal

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UAW and automakers try to reach a final deal

First broadcast 18/09/2023 14:32 GMT 

First broadcast 18/09/2023 14:32 GMT : UAW and automakers try to reach a final deal

BBC World Service - World Business Report, UAW and automakers try to reach a final deal

UAW and automakers GM, Ford and Stellantis try to reach a final deal

Workers at the top three American car makers are threatening to expand an historic strike that's already entered its fourth day.

The car workers strike in the US enters day 4 today with the president of the United Auto Workers union, Shawn Fain preparing to meet again with bosses at General Motors, Ford and Stellantis. The workers want a 40% pay increase - the same rate their CEOs’ pay grew in recent years. 

The price of oil is reaching 95 dollars a barrel for the first time since November last year. Growing supply tightness and dwindling stockpiles have led into the increase in prices which in turn will start to affect how much you pay at the pump. 

Water suppliers in Johannesburg, South Africa, have asked residents of the city and its suburbs to use less water because of a water shortage that they warn could “result in the collapse of the system”.

(Picture: GM workers with the UAW Local 2250 Union strike outside the General Motors Wentzville Assembly Plant on September 15, 2023 in Wentzville, Missouri. Photo credit: Getty Images)

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First broadcast 18/09/2023 14:32 GMT : UAW and automakers try to reach a final deal

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