Biden Makes Historic Visit To UAW Picket Line, Tells Autoworkers 'You Deserve Raise'
Portfolio Pulse from Aaron Bry
President Joe Biden visited Michigan to show support for the United Auto Workers (UAW) who are striking against Ford Motor Co (F), General Motors Co (GM), and Stellantis NV (STLA). Biden's visit, the first by a sitting U.S. president to a picket line during a major strike, comes as the auto industry faces potential escalation of UAW strikes. Some UAW strikers feel that the visits by Biden and former President Donald Trump are politicizing the strike.
September 26, 2023 | 7:10 pm
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NEGATIVE IMPACT
Ford Motor Co is one of the companies being struck by the UAW, which has received support from President Biden.
The ongoing strike could disrupt Ford's operations and production, potentially leading to financial losses. The support from President Biden for the strikers could potentially prolong the strike, further impacting Ford's operations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
General Motors Co is also being struck by the UAW, which has received support from President Biden.
The ongoing strike could disrupt GM's operations and production, potentially leading to financial losses. The support from President Biden for the strikers could potentially prolong the strike, further impacting GM's operations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Stellantis NV is also being struck by the UAW, which has received support from President Biden.
The ongoing strike could disrupt Stellantis's operations and production, potentially leading to financial losses. The support from President Biden for the strikers could potentially prolong the strike, further impacting Stellantis's operations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100