UAW Strike Would Be A 'Gut Punch' To GM And Ford, Says Analyst: 'Delicate Balancing Act For Barra And Farley'
Portfolio Pulse from Shanthi Rexaline
The United Auto Workers (UAW) announced that 97% of its members from General Motors Corp. (GM), Ford Motor Co. (F), and Stellantis N.V. (STLA) have authorized a strike if a fair deal is not reached. A strike could disrupt the EV transformation of GM and Ford. The UAW is demanding the reinstatement of certain contract provisions given up in 2007, which could impact the profitability of automakers.
August 26, 2023 | 10:05 pm
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NEGATIVE IMPACT
A potential strike could disrupt Ford's EV transformation and impact its profitability.
A strike would disrupt production, potentially delaying Ford's EV transformation. Additionally, meeting UAW's demands could impact Ford's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
A potential strike could disrupt GM's EV transformation and impact its profitability.
A strike would disrupt production, potentially delaying GM's EV transformation. Additionally, meeting UAW's demands could impact GM's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
A potential strike could disrupt Stellantis's operations and impact its profitability.
A strike would disrupt production, potentially delaying Stellantis's operations. Additionally, meeting UAW's demands could impact Stellantis's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100