The UAW Strike Escalates With A Surprise Move Against Ford
Portfolio Pulse from Upwallstreet
The United Auto Workers (UAW) union has expanded its strike to include Ford Motor's (NYSE:F) largest factory, the Kentucky Truck Plant, affecting 8,700 workers. This move is expected to cost Ford about $150 million per week in core profit. The strike also covers workers at General Motors (NYSE:GM) and Stellantis (NYSE:STLA). The UAW is also hoping that a win against these companies could help it with Tesla (NASDAQ:TSLA), where workers have attempted to organize several times without success.
October 12, 2023 | 4:11 pm
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NEGATIVE IMPACT
Ford is expected to lose about $150 million per week in core profit due to the UAW strike.
The strike at Ford's largest factory, where its most lucrative vehicles are made, is expected to significantly impact the company's profits.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
General Motors is also affected by the UAW strike.
The UAW strike covers workers at General Motors, which could potentially disrupt the company's operations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Stellantis is also affected by the UAW strike.
The UAW strike covers workers at Stellantis, which could potentially disrupt the company's operations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
The UAW is hoping that a win against Ford, GM, and Stellantis could help it with Tesla.
The UAW is hoping that a win against Ford, GM, and Stellantis could help it with Tesla, where workers have attempted to organize several times without success.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50