UAW Strike Nears Its Fourth Week
Portfolio Pulse from Upwallstreet
The UAW strike against General Motors (GM), Ford Motor (F), and Stellantis (STLA) is nearing its fourth week. All three automakers have offered wage increases and agreed to cut the timeline to reach top wage rate. GM has allowed workers at joint-venture battery plants to be covered by union contracts. The strike has led to layoffs and cost the U.S. economy $5.5 billion. Tesla (TSLA) is also facing challenges with a drop in China-made EV sales and a probe by the European Commission.
October 11, 2023 | 3:28 pm
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POSITIVE IMPACT
BYD Company Limited experienced a 42.8% growth in passenger vehicle deliveries.
The growth in deliveries could positively impact BYD's operations and stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ford is involved in the ongoing UAW strike and has offered wage increases.
The ongoing strike is negatively impacting Ford's operations and could potentially affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
GM is vulnerable due to the ongoing UAW strike and has allowed workers at joint-venture battery plants to be covered by union contracts.
The ongoing strike is negatively impacting GM's operations and could potentially affect its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis is involved in the ongoing UAW strike and has offered wage increases.
The ongoing strike is negatively impacting Stellantis's operations and could potentially affect its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla is facing challenges with a drop in China-made EV sales and a probe by the European Commission.
The drop in sales and the probe by the European Commission could negatively impact Tesla's operations and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100