TSLA - UAW Expands Strikes Against GM Ford In What Auto Analyst Says Is 'Slow-Moving Car Crash' | Benzinga
The United Auto Workers is extending its historic strike against General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) Friday in a move that sees the addition of two more assembly plants and intensifies the pressure on the automakers to finalize a new contract agreement.
Amid the ongoing labor battle, Dan Ives, managing director and senior equity research analyst at Wedbush Securities, shared his perspective on the situation, saying it’s like “watching a slow-moving car crash.”
The Expanded Strike: Friday’s strike expansion targets Ford’s Chicago Assembly Plant and GM’s Lansing-Delta Assembly Plant, NPR reported Thursday. This brings the total number of striking workers to around 25,000, with roughly 7,000 people employed at the newly added plants.
The expansion is a part of the UAW's strategic “stand-up strike” that Benzinga previously reported on, initiated two weeks ago against GM, Ford and Stellantis NV (NYSE:STLA), marking the first time ...