GM, Ford, And Stellantis Brace For Escalation Of UAW Strikes
Portfolio Pulse from Piero Cingari
The United Auto Workers (UAW) union threatens to expand walkouts at General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA) due to unresolved labor disputes. The ongoing strike is causing a production loss of about 3,200 vehicles per day. The First Trust Nasdaq Transportation ETF (NYSE:FTXR), which includes these three automakers, fell by 1.6%.
September 22, 2023 | 1:11 pm
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NEGATIVE IMPACT
The ongoing UAW strike is causing a production loss, which may negatively impact Ford's revenues.
The ongoing strike is causing a production loss, which may negatively impact Ford's revenues and profitability, leading to a potential decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The ongoing UAW strike is causing a production loss at GM, Ford, and Stellantis, which are part of the First Trust Nasdaq Transportation ETF, potentially negatively impacting the ETF's performance.
The ongoing strike is causing a production loss at GM, Ford, and Stellantis, which are part of the First Trust Nasdaq Transportation ETF. This may negatively impact the ETF's performance, leading to a potential decrease in its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ongoing UAW strike is causing a production loss, which may negatively impact GM's revenues.
The ongoing strike is causing a production loss, which may negatively impact GM's revenues and profitability, leading to a potential decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The ongoing UAW strike is causing a production loss, which may negatively impact Stellantis's revenues.
The ongoing strike is causing a production loss, which may negatively impact Stellantis's revenues and profitability, leading to a potential decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100