Elon Musk blasts Biden over advice to UAW strikers
UAW workers went on strike Sept 15
Tesla CEO Elon Musk criticized President Biden’s advice to striking UAW autoworkers during his visit to the picket line on Tuesday, when he supported their demands for a 40% pay hike and a shorter work week.
It is a "sure way to drive GM, Ford and Chrysler bankrupt in the fast lane," Musk posted on X, formerly known as Twitter. His remarks came on the 12th day of tense discussions between the UAW workers and the three U.S. auto manufacturers.
Biden, in a union baseball cap, told striking autoworkers through a bullhorn in Belleville, Michigan, on Tuesday to "stick with it," while also saying they deserve a "significant raise and other benefits."
When asked if UAW members deserved a 40% raise, Biden said, "Yes. I think they should be able to bargain for that."
ELON MUSK TO VISIT EAGLE PASS, TX, AMID MIGRANT CRISIS
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GM | GENERAL MOTORS CO. | 55.04 | -0.55 | -0.99% |
F | FORD MOTOR CO. | 10.98 | -0.15 | -1.35% |
STLA | STELLANTIS NV | 12.36 | -0.85 | -6.47% |
LABOR BOSS COMPARES US AUTOMAKERS TO NAZI GERMANY AS PRESIDENT BIDEN WATCHES
STRIKING UAW MEMBERS HIT BY CAR OUTSIDE MICHIGAN GM PLANT
Meanwhile, the White House has said it is "not going to get into negotiations," while adding Biden is "always going to stand on the side of the workers."
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
F | FORD MOTOR CO. | 10.98 | -0.15 | -1.35% |
STLA | STELLANTIS NV | 12.36 | -0.85 | -6.47% |
GM | GENERAL MOTORS CO. | 55.04 | -0.55 | -0.99% |
In addition to pay increases, strikers want workers at Ford, GM and Stellantis to get cost-of-living adjustments, increases in pension benefits for current retirees and restoring pensions for new hires.
UAW STRIKE HAS ALREADY COST THE US ECONOMY $1.6B
ELON MUSK INVESTIGATION BY DOJ INTO PERKS AT TESLA GOES BACK YEARS: REPORT
Former President Donald Trump is expected to visit the UAW strikers in Michigan on Wednesday, despite UAW head Shawn Fain's advice to stay away.
Speaking on CNN’s "The Situation Room with Wolf Blitzer," Fain denounced the visit and insisted that he sees no point in meeting with a servant of the "billionaire class."
FOX Business' Sarah Rumpf-Whitten and Jacqui Heinrich contributed to this report.