The Detroit three defend their positions with fact checks on UAW President Shawn Fain's statements.
The Detroit Three have begun pushing back on the UAW's messaging as the two sides race to reach an agreement before Friday, when the union said it will expand its ongoing strike.
Fain has also railed against stock buybacks, which he said are up 1,500 per cent over the past four years. Ford said it's only bought back shares twice, and at 80 per cent less volume than General Motors, to offset dilution from pay and debt. He reiterated comments that Stellantis made a"very strong and competitive offer" before the deadline, which matched much of what the other two companies proposed, and clarified some recent details of the offer that emerged Monday.
According to CNBC, discussions have also taken place about using part of Belvidere for electric vehicle battery components. "This is our North America headquarters, it will be our North America headquarters, but like everyone in a hybrid working environment ... we have a lot of facilities in Auburn Hills we're not using today, so we're looking at other use cases," he said."We're certainly not leaving this footprint in any shape, form or fashion.
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