UAW strikes head into sixth day as union prepares to possibly expand labor actions

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Go back to UAW strikes head into sixth day as union prepares to possibly expand labor actions

Ford (F) gains as UAW announces progress in negotiations ahead of strike expansion deadline

September 22, 2023 10:22 AM EDT

Shares of Ford Motor (NYSE: F) surged by 4.4% in early trading following reports that the United Auto Workers (UAW) will announce substantial progress in its discussions with the automaker as we approach a Friday deadline for securing fresh labor agreements before the union potentially escalates its strike with the Detroit Three automakers.

shares of General Motors (NYSE: GM) were up 0.4%, giving back... More

Ford (F) avoids strike in Canada as UAW prepares to expand movement

September 20, 2023 10:37 AM EDT

Ford (NYSE: F) secured a last-minute agreement to prevent a strike at its Canadian facilities on Tuesday night, just as the United Auto Workers union was gearing up for the possibility of extending its strikes against the Detroit Three automakers in the United States.

Unifor, the union representing approximately 5,600 Canadian automotive workers, had issued a strike threat for... More

This car stock would benefit from the rising EU-China trade tensions - Bernstein

September 20, 2023 9:49 AM EDT

European automotive manufacturers greatly benefited when China opened its economic doors in the 1990s. They established business models that heavily depended on a well-functioning global trade system. However, the situation has now reversed, with Chinese automotive manufacturers actively pursuing entry into the European markets.

Chinese global automotive exports by volume grew by +88% during the first half of 2023, and +121% in value terms. Electric vehicles represented 23% of exports in 2022. Chinese-made... More