The UAW Strike Is Yet Another Sign Of Changing Times For Automakers
Portfolio Pulse from Upwallstreet
General Motors (GM) and Ford Motor (F) announced layoffs of 500 workers due to the ongoing UAW strike. Tesla (TSLA) also missed Q3 delivery expectations. The strike has cost GM and Ford $191 million and $145 million respectively, according to JPMorgan. Stellantis (STLA) was spared from the strike due to last-minute concessions.
October 03, 2023 | 1:46 pm
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POSITIVE IMPACT
Stellantis was spared from the UAW strike due to last-minute concessions.
Stellantis avoiding the UAW strike could be seen as a positive by investors, potentially leading to a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ford is laying off workers and facing significant costs due to the UAW strike.
The ongoing UAW strike is directly impacting Ford's operations leading to layoffs and significant costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GM is laying off workers and facing significant costs due to the UAW strike.
The ongoing UAW strike is directly impacting GM's operations leading to layoffs and significant costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla missed Q3 delivery expectations.
Tesla's missed Q3 delivery expectations could negatively impact investor sentiment and the company's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80