Stretching Your Dollar: What the UAW Strike Means for Car Buyers
The United Auto Workers union has officially started its strike against the big three U.S. car makers. Brian Moody, executive editor at Autotrader, joined 'Stretching Your Dollar' to talk about the potential blow back consumers could face as a result of the work stoppage. "The prices are going to go up but this isn't a strike that includes all brands," he said. "It's going to be a more gradual slow burn and some of the incentives that we've seen may go gradually away."
A majority of Americans support higher pay for auto workers who are on strike against Detroit's Big Three carmakers, although approval of the workers' other demands is more mixed, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
The ongoing United Auto Workers strike expanded Thursday in a major blow to Ford as the union ordered 8700 workers to walk off the job at the automaker giant's largest plant.
A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent.
