Biden Says He Thinks US Auto Workers’ Strike Unlikely To Happen

U.S. President Joe Biden expressed optimism that workers at the nation's major automakers are unlikely to go on strike, despite a looming contract deadline later this month. The United Auto Workers union recently authorized a strike at the Detroit Three automakers if a new agreement isn't reached by Sept. 14 when the current four-year contract expires. Biden's statement provides hope for averting a strike, but substantial wage and benefit demands from the union have left some industry executives and analysts preparing for possible walkouts.