Biden Wants UAW, Automakers To Stay At The Table To Work Toward A Deal
Portfolio Pulse from Benzinga Newsdesk
White House Adviser Bernstein has urged the United Auto Workers (UAW) and automakers to continue negotiations to reach a deal. This comes as part of President Biden's efforts to strengthen the auto industry.
September 13, 2023 | 5:26 pm
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NEUTRAL IMPACT
Ford Motor Company (F) is likely to be impacted by the ongoing negotiations between UAW and automakers.
As a major automaker, Ford is directly involved in the negotiations with UAW. The outcome of these negotiations could affect the company's labor costs and operations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Motors Company (GM) is likely to be affected by the ongoing negotiations between UAW and automakers.
As a major automaker, General Motors is directly involved in the negotiations with UAW. The outcome of these negotiations could affect the company's labor costs and operations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
SPDR S&P 500 ETF Trust (SPY) could see minor impacts from the ongoing negotiations between UAW and automakers.
As an ETF that tracks the S&P 500, SPY could be indirectly affected by the negotiations between UAW and automakers, as several of its constituent companies are major automakers.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Stellantis N.V. (STLA) is likely to be impacted by the ongoing negotiations between UAW and automakers.
As a major automaker, Stellantis is directly involved in the negotiations with UAW. The outcome of these negotiations could affect the company's labor costs and operations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50