UAW Strike Could Put Auto Suppliers, Michigan Economy In Crisis, Analysts Say
Portfolio Pulse from Chris Katje
A contract dispute with the United Auto Workers (UAW) union has led to strikes at Ford Motor Co (F), General Motors Co (GM), and Stellantis NV (STLA), causing uncertainties in the automotive sector. The strikes, which currently impact 12,700 workers, could potentially increase the prices of new and used autos within two months. Analysts suggest that the strikes could have a more significant impact on automotive suppliers than the OEMs. The strikes could also affect local governments, particularly in Michigan, which has the largest share of UAW auto workers.
September 15, 2023 | 6:47 pm
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NEGATIVE IMPACT
Ford could face disruptions due to the UAW strike, potentially impacting its stock price.
The ongoing strike could disrupt Ford's operations, leading to potential production delays and increased costs, which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors could face disruptions due to the UAW strike, potentially impacting its stock price.
The ongoing strike could disrupt GM's operations, leading to potential production delays and increased costs, which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis could face disruptions due to the UAW strike, potentially impacting its stock price.
The ongoing strike could disrupt Stellantis' operations, leading to potential production delays and increased costs, which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla could potentially benefit from the UAW strike at other automotive companies.
As Tesla is all-electric and union-free, it could potentially benefit from the ongoing strike at other automotive companies, which could positively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60