'White House No Longer Sending Top Officials To Detroit For UAW Strike Talks This Week' - CNBC
Portfolio Pulse from Benzinga Newsdesk
The Biden administration has decided not to send two key officials to Detroit to help broker a deal between striking autoworkers and the Big Three car companies, Ford, General Motors, and Stellantis. Instead, discussions will be held virtually. The United Auto Workers union has threatened to launch additional strikes if significant progress is not made in negotiations by mid-day Friday.
September 19, 2023 | 6:54 pm
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NEGATIVE IMPACT
Ford could face additional strikes if negotiations with the UAW do not progress significantly by Friday.
The ongoing strike and potential for additional strikes could disrupt Ford's operations and negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors could face additional strikes if negotiations with the UAW do not progress significantly by Friday.
The ongoing strike and potential for additional strikes could disrupt GM's operations and negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis could face additional strikes if negotiations with the UAW do not progress significantly by Friday.
The ongoing strike and potential for additional strikes could disrupt Stellantis's operations and negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80