Why Electric Cars Are a Problem for Auto Workers

The United Auto Workers' strike against GM, Ford and Chrysler-parent company Stellantis came at a pivotal moment. As President Joe Biden pushes the US towards its climate goals through the Inflation Reduction Act, the electric vehicle revolution will transform the market and the role of labor itself. In the face of mounting competition from the likes of Tesla and China, the union and carmakers alike are fighting for their future.

#evs #strike #bloomberg

00:00 Introduction
01:13 How the Detroit Big Three and UAW got here
03:51 The German labor model
05:37 Role of electric vehicles
07:15 2024 presidential election
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.

Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.