Ford Motor (F) option IV into their current union contracts ending
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Detroit 3 fall as UAW begins strike
September 15, 2023 8:44 AM EDTThe stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.
Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More
Biden considers aid for small suppliers as UAW strike seems likely
September 14, 2023 2:53 PM EDTAccording to a report from Reuters on Thursday, citing a source with knowledge of the matter, suggests that the Biden administration is considering emergency aid to safeguard smaller businesses supplying U.S. automobile manufacturers in the event of a strike by the United Auto Workers (UAW) union.
For several months now, the UAW has been engaged in intense negotiations with Detroits Big Three: Stellantis (NYSE: STLA), Ford (NYSE: F), and... More
JPM says UAW strike would likely last less than 45 days
September 14, 2023 8:48 AM EDTThe United Auto Workers (UAW) leadership has declared its intention to strike any and all OEMs for which a new contract has not been finalized by the current contract's expiration date at midnight on Thursday.
J.P. Morgan analyst, Bill Peterson wrote in a note that JPMs auto team sees a high likelihood of a strike occurring, but expects any strike to be shorter than the 45 days at GM in 2019 given lean inventory levels.
According to JPMs automotive... More
