Biden accuses Big Three automakers of making 'record profits' that must be 'shared fairly' with UAW strikers

President Biden on Friday delivered brief remarks on the United Auto Workers strike that began Thursday night, accusing auto companies of refusing to share their profits with workers.

In a televised statement, Biden said the Big Three automakers were making "record profits" that "have not been shared fairly, in my view, with workers." 

"No one wants a strike," Biden said. "But I respect workers' right to use their options under the collective bargaining system. Autoworkers sacrificed so much to keep the industry alive and strong, especially through the economic crisis and the pandemic. Workers deserve a fair share of the benefits they helped create for an enterprise."