The union representing workers at the nation's three largest automakers walked off the job overnight in a historic strike that could reshape the future of America's auto industry.

It's the first time that United Auto Workers has striked against all three companies Ford, General Motors and Stellantis, the parent company of Chrysler, and Jeep at once.

The union is seeking a 40% pay increase over four years.

A proposal they say matches raises that company executives have gotten.

The union also wants better benefits, including the reinstatement of pensions.

Executives at the three companies have said they can't afford the union's demands.

In part because of expensive electric vehicle production.

Even though gross profits at GM have risen 50% and at Ford 34% since the last labor contract was signed in 2019.

So far the strike is limited to just three factories.

But union leaders have said the strike could expand if negotiations don't progress.

Support for the business report provided by the Chamber of Commerce, southern New Jersey, working for economic prosperity by uniting business and community leaders for 150 years.

Membership and event information online at chambersnj.com