STLA - GM Stellantis Scramble To Plug Parts Shortage As UAW Strike Threatens To Widen: What You Need to Know | Benzinga
The United Auto Workers (UAW) union is reportedly threatening to expand its strike against Detroit carmakers if negotiations for new four-year contracts do not make progress.
What Happened: Currently, there’s a limited strike at General Motors (NYSE:GM), Ford Motor Co (NYSE:F), and Stellantis (NYSE:STLA). The UAW has warned that it will name new strike targets unless there’s headway by Friday, the Wall Street Journal reported on Wednesday.
The strike began at assembly plants and expanded to include 38 parts-distribution centers owned by GM and Stellantis, but Ford was spared from walkouts as progress was made in their contract talks.
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