Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Biden says UAW’s deal with automakers proves Trump is wrong about EVs

News Room by News Room
November 10, 2023
Reading Time: 2 mins read
0
Biden says UAW’s deal with automakers proves Trump is wrong about EVs

President Joe Biden on Thursday celebrated agreements between the United Auto Workers and the Big Three carmakers, while also taking shots at former President Donald Trump, who has attacked Biden for promoting electric vehicles.

“When my predecessor was in office, six factories closed across the country. Tens of thousands of auto jobs were lost nationwide, and on top of that, he was willing to cede the future of electric vehicles to China,” Biden said, as he gave a speech in Belvidere, Ill., where Chrysler and Jeep parent Stellantis
STLA,
+0.50%
has agreed to reopen a plant.

From MarketWatch’s archives (March 2019): Trump presses GM to reopen manufacturing plant in Lordstown, Ohio

Biden and Trump, the frontrunner in the 2024 GOP presidential primary, have been tangling over auto-industry issues for weeks. As UAW members were striking at Ford
F,
+0.52%,
General Motors
GM,
-0.39%
and Stellantis facilities more than a month ago, Trump held a rally at a nonunionized auto-parts maker in Michigan, with his event coming a day after Biden joined UAW members on a picket line in that state.

At that rally in late September, Trump accused Biden of adopting EV policies that would put the U.S. auto industry out of business. The Democratic incumbent pushed back on that Thursday.

Trump argued that “if America invests in electric vehicles, it would drive down wages, it would destroy jobs, it would spell the end of the American automobile industry,” Biden said during his speech. “Well, like almost everything else he’s said, he’s wrong. You have proved him wrong. Instead of lower wages, you won record gains. Instead of fewer jobs, you won a commitment for thousands of more jobs.”

In the agreements with the Big Three, which are going through ratification steps, the UAW scored big wins, including pay raises of 25% over the life of a four-year contract plus cost-of-living adjustments, the end of several wage tiers and better retirement benefits.

“Here’s the difference,” Biden also said. “When you were in the middle of a fight, I stood and others stood with you shoulder to shoulder on that picket line. My predecessor went to a non-union shop and attacked you.”

Biden was hit Sunday with a poll showing he trails Trump in five key battleground states in the 2024 White House race. But the president got good news on Tuesday, as Democrats scored victories in off-year elections in a range of states. One analyst said while the president isn’t popular, he “didn’t stop Democrats from winning.”

Read the full article here

ShareTweetSendSend

Related Posts

Rent becoming more affordable for many Americans as market stabilizes
Economy

Rent becoming more affordable for many Americans as market stabilizes

March 2, 2026
Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation
Economy

Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation

March 1, 2026
Kevin Hassett says Fed economists should be 'disciplined' over tariff study
Economy

Kevin Hassett says Fed economists should be 'disciplined' over tariff study

February 28, 2026
Coal plants step up as historic winter storm pushes US power grid to the brink
Economy

Trump admin ramps up effort to revive coal industry as power demand surges

February 27, 2026
US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026
Fed's favored inflation gauge showed consumer price growth remained elevated in December
Economy

Fed's favored inflation gauge showed consumer price growth remained elevated in December

February 25, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Homebuyers refuse to back down as mortgage rates continue hovering stubbornly near 6% mark
  • Rent becoming more affordable for many Americans as market stabilizes
  • Mortgage rates fall below 6% for first time since 2022

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.