Asked If The UAW Should Get A 40% Increase, President Biden Says Yes
Portfolio Pulse from Benzinga Newsdesk
President Biden has expressed support for a 40% increase in the United Auto Workers (UAW) union. This could potentially impact the labor costs of automakers such as Ford (F), General Motors (GM), and Stellantis (STLA).
September 26, 2023 | 5:18 pm
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NEGATIVE IMPACT
Ford could face increased labor costs if UAW gets a 40% increase.
Increased labor costs could potentially impact Ford's profitability, leading to a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors could face increased labor costs if UAW gets a 40% increase.
Increased labor costs could potentially impact GM's profitability, leading to a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis could face increased labor costs if UAW gets a 40% increase.
Increased labor costs could potentially impact Stellantis's profitability, leading to a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80