Stellantis Hopes To Reach Deal With UAW 'Super Quickly,' Says COO Mark Stewart: 'We're Back At The Table'
Portfolio Pulse from Adam Eckert
The United Auto Workers (UAW) union strikes have entered their fifth day as workers continue to push for higher wages. Stellantis N.V. (NYSE:STLA), Ford Motor Co (NYSE:F), and General Motors Co (NYSE:GM) are the main companies involved. Stellantis COO Mark Stewart says the automakers are doing all they can to reach a deal quickly. The UAW president has set the next deadline for noon on Friday. If 'substantial progress' isn't made toward a fair agreement for all, the strikes will intensify.
September 19, 2023 | 5:35 pm
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NEGATIVE IMPACT
Ford is one of the companies involved in the ongoing UAW strikes.
The ongoing strikes could potentially disrupt Ford's operations, leading to a negative impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors is one of the companies involved in the ongoing UAW strikes.
The ongoing strikes could potentially disrupt General Motors' operations, leading to a negative impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis is directly involved in the ongoing UAW strikes. The company's COO has expressed hope for a quick resolution.
The ongoing strikes could potentially disrupt Stellantis' operations, leading to a negative impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100