Debbie Dingell Does Not Want Biden 'At The Negotiating Table' Amid UAW Strike
Portfolio Pulse from Benzinga Neuro
Rep. Debbie Dingell has stated that President Joe Biden should not interfere in the ongoing negotiations between the United Auto Workers (UAW) union and major automakers General Motors, Ford, and Stellantis amid a strike. The statement followed reports that Biden dispatched top aides to Detroit to aid in resolving issues between UAW and the three key automakers. The ongoing strike entered its third day after UAW rejected a 21% wage increase.
September 18, 2023 | 7:45 am
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NEGATIVE IMPACT
Ford is involved in ongoing negotiations with the UAW union amid a strike, which could potentially impact its operations.
The ongoing strike and negotiations with the UAW union could potentially disrupt Ford's operations and production, leading to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors is involved in ongoing negotiations with the UAW union amid a strike, which could potentially impact its operations.
The ongoing strike and negotiations with the UAW union could potentially disrupt General Motors' operations and production, leading to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis is involved in ongoing negotiations with the UAW union amid a strike, which could potentially impact its operations.
The ongoing strike and negotiations with the UAW union could potentially disrupt Stellantis' operations and production, leading to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100