Bernie Sanders Calls For 'Fair' Agreement Amid UAW Strike Threat At GM, Ford, Stellantis: 'Cannot Have It All'

U.S. Senator Bernie Sanders urged the three leading U.S. car manufacturers, namely Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM) and Stellantis NV (NYSE:STLA), to engage in fair negotiations with the United Auto Workers(UAW) union to avert a potential strike, Bloomberg reported.

Sanders voiced his support for the UAW and their new leadership over the weekend during CNN show “State of the Union.”

"I certainly hope there is not going to be a strike. No one wants a strike. But the Big Three have got to understand they cannot have it all,” Sanders said.

Last week, the UAW, boasting nearly 150,000 members, authorized its leaders to call a strike if contract negotiations fail to reach a conclusion by Sept. 15. Key points of contention include pay, benefits and the transition to electric vehicles.

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Sanders, a staunch supporter of labor unions, views the UAW's strike threat as part of a broader movement of American workers advocating for better pay and benefits. He referenced this as part of the so-called "summer of strikes", which has already seen over 650,000 workers threatening to, or actually going on strike.

President Joe Biden has also expressed concern about a potential UAW strike, urging both parties to work towards a fair agreement. The three car giants estimate that meeting all of the union's demands would cost each company more than $80 billion over a four-year contract.

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