{"id":4451,"date":"2023-05-05T04:49:30","date_gmt":"2023-05-05T08:49:30","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/uaw-not-yet-endorsing-biden-for-second-term-citing-ev-policies\/"},"modified":"2023-05-05T04:49:30","modified_gmt":"2023-05-05T08:49:30","slug":"uaw-not-yet-endorsing-biden-for-second-term-citing-ev-policies","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4451","title":{"rendered":"UAW not yet endorsing Biden for second term citing EV policies"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. REUTERS\/Rebecca Cook<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By David Shepardson<\/p>\n<p>WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain said the Detroit-based union is not yet endorsing President Joe Biden for a second term, citing concerns about electric vehicle policies.<\/p>\n<p>In a letter to members seen by Reuters on Wednesday, Fain noted several national unions were quick to endorse Biden but the UAW is not yet doing so. <\/p>\n<p>&#8220;The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom. We want to see national leadership have our back on this before we make any commitments,&#8221; Fain said.<\/p>\n<p>Biden&#8217;s campaign did not immediately comment.<\/p>\n<p>The new UAW president was in Washington last week and met with White House Chief of Staff Jeff Zients and many lawmakers. <\/p>\n<p>Fain and U.S. Senator Bernie Sanders on Thursday criticized a General Motors (NYSE:) joint venture battery plant for paying workers much less than assembly plant employees even though it benefits from hefty U.S. government tax credits.<\/p>\n<p>Workers at the Warren, Ohio, joint venture Ultium Cells plant near Lordstown start at $16.50 an hour rising to $20 an hour after seven years while union workers at a nearby Ohio GM assembly plant that closed in 2019 made $32 an hour or more.<\/p>\n<p>&#8220;The situation at Lordstown, and the current state of the EV transition, is unacceptable. We expect action from <\/p>\n<p>the people in power to make it right,&#8221; Fain said.<\/p>\n<p>Fain said the Ultium plant at full production will receive more than $1.2 billion a year in U.S. battery production tax credits.<\/p>\n<p>The letter noted that the UAW will enter contract talks on behalf of 150,000 workers at General Motors, Ford Motor (NYSE:) and Chrysler-parent Stellantis. Fain said the Detroit Three &#8220;are making record profits while workers get left behind. We\u2019ll stand with whoever stands with our members in that fight.&#8221;<\/p>\n<p>Fain said the union will be &#8220;ready to talk politics once we secure a future for this industry and the workers who make it run.&#8221; He said &#8220;another Donald Trump presidency would be a disaster. But our members need to see an alternative that delivers real results.&#8221;<\/p>\n<p>GM opened with partner LG Energy Solution the Ultium battery manufacturing plant in August 2022 in Ohio; the pair are building two other JV battery plants in Michigan and Tennessee.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/uaw-not-yet-endorsing-biden-for-second-term-citing-ev-policies-3071695\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. REUTERS\/Rebecca Cook By David Shepardson WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain said the Detroit-based union is not yet endorsing President Joe Biden for a second term, citing concerns about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-4451","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAW not yet endorsing Biden for second term citing EV policies | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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