BorgWarner Says Impact Of Initial Strikes On Sales Is Currently Expected To Be Relatively Modest, Given That Initial UAW Strikes Against These North American Customers Are Focused On Select Final Assembly Plants
Portfolio Pulse from Benzinga Newsdesk
BorgWarner Inc. has indicated that the initial strikes by the United Auto Workers (UAW) against its North American customers, including Ford, Stellantis, and General Motors, are expected to have a relatively modest impact on its sales. The company's aggregate sales to these customers are expected to be just under $250 million per month on average during 2023.
September 21, 2023 | 8:46 pm
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BorgWarner expects the initial UAW strikes to have a relatively modest impact on its sales to Ford, Stellantis, and General Motors.
The news indicates that BorgWarner expects the initial UAW strikes to have a relatively modest impact on its sales. This suggests that the company has factored in the potential disruption from the strikes and does not expect it to significantly affect its financial performance. However, the situation could change if the strikes escalate or continue for a prolonged period.
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