Ford CEO Sick Of UAW President Coverage: 'Been On The TV More Than Jake At State Farm'
Portfolio Pulse from Chris Katje
The United Auto Workers (UAW) strike against Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Stellantis (NYSE:STLA) enters its 18th day, with no resolution in sight. The UAW is demanding better pay, shorter work weeks, and improved retirement benefits. Ford CEO Jim Farley expressed frustration at the UAW's refusal to compromise, particularly over the issue of battery plants. The strike has reportedly cost the U.S. economy $3.95 billion.
October 02, 2023 | 8:13 pm
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NEGATIVE IMPACT
The ongoing UAW strike could negatively impact Ford's operations and financial performance in the short term.
The ongoing strike could disrupt Ford's production, leading to potential revenue losses and negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The ongoing UAW strike could negatively impact GM's operations and financial performance in the short term.
The ongoing strike could disrupt GM's production, leading to potential revenue losses and negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The ongoing UAW strike could negatively impact Stellantis's operations and financial performance in the short term.
The ongoing strike could disrupt Stellantis's production, leading to potential revenue losses and negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100