UAW Strikes Mapped: Where Are Union Workers At Ford, GM And Stellantis Walking Out?
Portfolio Pulse from Anan Ashraf
The United Auto Workers (UAW) union initiated a simultaneous strike against Ford Motor Co (NYSE:F), General Motors (NYSE:GM), and Stellantis NV (NYSE:STLA) on Sept. 15, seeking improved compensation and other benefits. The strike has expanded to include more facilities and now involves over 45,000 workers across 47 locations. The strike is costing GM $200 million a week in lost production, while Ford is losing $44 million a day.
October 24, 2023 | 7:50 pm
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NEGATIVE IMPACT
Ford is losing $44 million a day due to the ongoing UAW strike.
The ongoing strike is causing significant financial losses for Ford, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
GM is losing $200 million a week due to the ongoing UAW strike.
The ongoing strike is causing significant financial losses for GM, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Stellantis is also affected by the ongoing UAW strike, but the financial impact is not specified.
The ongoing strike is likely causing financial losses for Stellantis as well, which is likely to negatively impact its stock price in the short term, even though the exact financial impact is not specified.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100