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CARZ - Unionization Builds Momentum In The U.S. Auto Industry
First Trust NASDAQ Global Auto Index Fund
2024-04-27 08:00:00 ET
Summary
The UAW’s inroads into foreign carmakers’ U.S. plants mean that higher labor costs are spreading, though they should remain manageable.
UAW has previously never succeeded in attempting to unionize southern assembly plants.
Although the prospect of higher labor costs could be a headwind for future profitability, we believe management teams will find ways to mitigate their impact.
By Gianmarco Migliavacca
The UAW’s inroads into foreign carmakers’ U.S. plants mean that higher labor costs are spreading, though they should remain manageable. ...