No UAW Deal: US Automakers, Workers Face End-Of-Day Strike Deadline
Portfolio Pulse from Anthony Noto
The United Auto Workers (UAW) union is demanding a 36% increase in salary from the 'big three' auto manufacturers — General Motors (GM), Ford (F), and Stellantis (STLA) — who have offered roughly half that. If no agreement is reached by the end of the day, a strike is likely, which would be the first simultaneous strike in UAW's 80-year history. This could cost the U.S. economy billions and add further strain to an economy already dealing with high inflation. Tesla (TSLA), not represented by a union, does not face this challenge.
September 14, 2023 | 4:03 pm
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NEGATIVE IMPACT
Ford could face a strike if it doesn't meet UAW's salary increase demands, potentially impacting production and stock price.
A strike would disrupt Ford's production, leading to potential revenue losses and a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors could face a strike if it doesn't meet UAW's salary increase demands, potentially impacting production and stock price.
A strike would disrupt GM's production, leading to potential revenue losses and a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis could face a strike if it doesn't meet UAW's salary increase demands, potentially impacting production and stock price.
A strike would disrupt Stellantis's production, leading to potential revenue losses and a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla, not being represented by a union, is not directly affected by the potential UAW strike.
As Tesla is not represented by a union, it is not directly affected by the potential UAW strike. However, any disruption in the auto industry could have indirect effects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50