TSLA - UAW Strike Could Put Auto Suppliers Michigan Economy In Crisis Analysts Say | Benzinga
Three of the leading U.S. automotive companies face uncertainties after a contract dispute with the United Auto Workers (UAW) union was not resolved Thursday night.
Union workers at several Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA) are now on strike and the impact on automotive production and prices is a key item being watched by investors.
Here’s a look at what some experts are saying.
Joe Brusuelas on UAW Strike: While the UAW strike could have an impact on the automotive sector, it could be less than feared at the given time, RSM US Chief Economist Brusuelas said.
"The targeted labor action is impacting far less workers than the total 146,000 potential strikers and appears to be targeting final assembly plants and not overall production,” Brusuelas said.
The current strikes only impact 12,700 workers, Brusuelas added.
"It is important to note that the total number of workers that could be involved in the labor action ...