Democrats Put Pressure On Joe Biden To Stand With Striking UAW: 'It Would Send A Very Strong Message'
Portfolio Pulse from Benzinga Neuro
President Joe Biden is being urged by Democratic lawmakers to show solidarity with the striking United Auto Workers (UAW). The UAW strike against the nation's largest automakers has sparked concern among Democrats. Biden has openly supported the UAW's strike against Detroit's Big Three manufacturers, General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis (NYSE:STLA), urging them to improve their wage offerings.
September 19, 2023 | 8:51 am
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NEGATIVE IMPACT
Ford is one of the companies targeted by the UAW strike. The company is being urged by President Biden to improve wage offerings.
The ongoing strike could disrupt Ford's operations, potentially leading to financial losses. The pressure from the President to increase wages could also impact the company's bottom line.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
General Motors is one of the companies targeted by the UAW strike. The company is being urged by President Biden to improve wage offerings.
The ongoing strike could disrupt GM's operations, potentially leading to financial losses. The pressure from the President to increase wages could also impact the company's bottom line.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Stellantis is one of the companies targeted by the UAW strike. The company is being urged by President Biden to improve wage offerings.
The ongoing strike could disrupt Stellantis's operations, potentially leading to financial losses. The pressure from the President to increase wages could also impact the company's bottom line.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100