UAW Strike Moves Closer To Kansas City

It looks like we're moving closer to a labor show down that would put Kansas City right in the middle of an EPIC dispute for more cash, better pensions and an even shorter work week.

Here's a glimpse at the situation reaching the crisis point . . .

GM delivered a new offer to the UAW on Thursday, including 10% pay hikes for permanent employees, bigger increases for temp workers, $5,500 ratification bonuses and a $6,000 one-time "inflation-recognition payment."

The UAW's newly elected firebrand president, Shawn Fain, quickly scoffed at the offer: "GM either doesn't care or isn't listening when we say we need economic justice at GM by 11:59pm on September 14th," he said in a statement.

"The clock is ticking. Stop wasting our members' time. Tick tock," Fain added.

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A UAW Strike Could Raise Your Auto-Insurance Premiums

Shares of insurers Allstate and Progressive could be hurt by more-expensive policies if the United Auto Workers strike against the Detroit-Three automakers.

The UAW, White House and automakers are at odds as strike threat looms

With eight days to go before the expiration of UAW deals with General Motors, Ford and Stellantis, insiders are expecting a strike that could affect one, two or all three automakers.

A UAW strike at Detroit's Big 3 could be a 'nightmare scenario' for Ford and GM, top analyst Dan Ives warns

"The timing could not be worse," the Wedbush Securities analyst wrote about what he considers a "very likely" work stoppage.

Developing . . .