UAW Threatens Strike At Targeted Auto Plants If Labor Deals Not Reached: Report
Portfolio Pulse from Shivani Kumaresan
The United Auto Workers union has threatened strikes at targeted U.S. auto factories if a labor deal with the Detroit Three automakers - General Motors Company (GM), Ford Motor Company (F), and Stellantis N.V. (STLA) - is not reached by late Thursday. A 10-day strike could potentially reduce the U.S. GDP by $5.6 billion and push the Michigan economy into a recession.
September 13, 2023 | 1:20 pm
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NEGATIVE IMPACT
Ford Motor Company could face a strike from the UAW if a labor deal is not reached by late Thursday, potentially impacting production.
A strike could disrupt Ford's production, leading to potential revenue losses and negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors could face a strike from the UAW if a labor deal is not reached by late Thursday, potentially impacting production.
A strike could disrupt GM's production, leading to potential revenue losses and negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis N.V. could face a strike from the UAW if a labor deal is not reached by late Thursday, potentially impacting production.
A strike could disrupt Stellantis's production, leading to potential revenue losses and negatively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100