Labor and industry experts say the United Auto Workers' tentative contract agreement with Detroit's Big Three automakers has major implications for the auto industry's shift to electric vehicles and the nation's effort to cut greenhouse gases.EVs have been at the center of negotiations during the UAW's six-week strike against Ford, GM and Stellantis, the company that makes the Jeep, Ram and Chrysler brands.
Former auto industry executive John Casesa is less dismissive of the costs associated with the UAW agreement.'I think it's fair to say it's a more expensive contract than anybody in the industry expected,' he told Newsweek. Casesa was once a group vice president at Ford where he was head of strategy for three years. He's now a senior managing director at the investment bank Guggenheim Securities.