How A United Auto Workers Strike Could Cost US Economy Billions
Portfolio Pulse from Benzinga Neuro
A potential United Auto Workers (UAW) strike against General Motors Co. (GM), Ford Motor Co. (F) and Stellantis NV (STLA) could reduce the U.S. GDP by $5.6 billion, potentially pushing the Michigan economy into a recession, according to the Anderson Group. The strike could also impact car model availability and prices, affecting suppliers, workers, and commodity prices, particularly steel. UAW's demands could increase costs by $80 billion over four years.
September 11, 2023 | 8:41 am
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NEGATIVE IMPACT
A potential UAW strike could impact Ford's operations and financial performance.
A strike could disrupt Ford's production, leading to reduced revenues and potential financial losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
A potential UAW strike could impact General Motors' operations and financial performance.
A strike could disrupt GM's production, leading to reduced revenues and potential financial losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
A potential UAW strike could impact Stellantis' operations and financial performance.
A strike could disrupt Stellantis' production, leading to reduced revenues and potential financial losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100