Live On CNBC, On United Auto Workers, Ford Former CEO Mark Fields Says UAW's Contract Demands Would Widen "The Disparity Significantly" - The Cost Of Labor At UAW Companies Vs Non-Union Carmakers And Tesla At $45/Hour
Portfolio Pulse from Happy Mohamed
Former Ford CEO Mark Fields, in a CNBC interview, stated that the United Auto Workers' (UAW) contract demands would significantly widen the cost disparity between UAW companies and non-union carmakers, including Tesla, which stands at $45/hour.
September 01, 2023 | 8:23 pm
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POSITIVE IMPACT
Tesla, as a non-union carmaker, could benefit from a cost advantage over UAW companies due to the union's contract demands.
As a non-union carmaker, Tesla is not directly affected by the UAW's contract demands. This could give Tesla a cost advantage over UAW companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ford could face increased labor costs due to UAW's contract demands, potentially impacting profitability.
Increased labor costs can squeeze margins and impact profitability. As a UAW company, Ford is directly affected by the union's contract demands.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors, as a UAW company, could also face increased labor costs due to the union's contract demands.
As a UAW company, GM is directly affected by the union's contract demands. Increased labor costs can impact profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis, another UAW company, could face increased labor costs due to the union's contract demands.
As a UAW company, Stellantis is directly affected by the union's contract demands. Increased labor costs can impact profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80