The impact of the UAW strike isn't hurting the Detroit-Three automakers equally.
As the United Auto Workers strike against the Detroit-Three auto makers drags on, the costs, to the people and the companies, mount. It isn’t impacting each auto maker equally though. One is hurting a little more than the other two.
About 26% of the GM UAW labor force isn’t coming to work which includes layoffs related to the strikes and the impact to plants of a lack of parts. The numbers for Ford and Stellantis are about 16% and 19%, respectively. Stellantis looks more impacted than Ford, but the percentage of UAW workers striking is only one measure of impact. Stellantis is the most global of the three auto makers. Only about half of the company’s sales are generated in North America. The percentages for Ford and GM are roughly 75% and 90%, respectively.
Spear Invest’s Ivana Delevska is a little more optimistic than Langan. Despite the union and company rhetoric, she tells Barron that the “bid-ask spread” is closer than people assume.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US new auto sales likely rose in Q3, but UAW strikes may pose speed bump By ReutersUS new auto sales likely rose in Q3, but UAW strikes may pose speed bump
Weiterlesen »
UAW Big Three auto strikes are 'Survivor' on an industrial scaleThe United Auto Workers, now in the 19th day of strikes, are employing a bold strategy featuring a weekly decision on which factories to hit next.
Weiterlesen »
US new auto sales likely rose in Q3, but UAW strikes may pose speed bumpU.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the 'Detroit Three' for the rest of the year, analysts said.
Weiterlesen »
Automakers Notch Double-Digit Sales Gains for Third QuarterThe car market has yet to see an impact from UAW strike-related factory shutdowns.
Weiterlesen »
UAW workers at Volvo-owned Mack reach tentative agreement to avoid strike By ReutersUAW workers at Volvo-owned Mack reach tentative agreement to avoid strike
Weiterlesen »
U.S. Car Sales Expected to Increase Again in the Third QuarterThe car market has yet to see an impact from UAW strike-related factory shutdowns.
Weiterlesen »