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Stock impact report

UAW moving quickly after VW organizing win, union president says [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
across more than a dozen automakers after clinching an historic victory at a Volkswagen (VOWG_p.DE) New Tab , opens new tab plant in Tennessee. "The win Friday breathes a lot of life into the organizing campaign everywhere," Fain told Reuters on Tuesday. "We're moving as fast as we can." The UAW has targeted organizing the nonunion U.S. plants of 14 automakers, setting aside $40 million for the effort VW was viewed by many industry analysts and officials as the easiest nonunion factory to organize given the company's strong union relations in Germany. At Mercedes (MBGn.DE) New Tab , opens new tab , where about 5,000 workers are scheduled to cast ballots in a UAW vote next month , the pushback against the UAW has been stronger. In a letter to employees in January, the automaker said the union organizers "cannot guarantee you anything" and that some workers had said no to unionization because of Mercedes' competitive pay and benefits. Mercedes has said it respects workers' Show less Read more
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