The United Auto Workers or UAW‘s strike at a Missouri plant has raised concerns about the imminent shutdown of General Motors Corp.‘s (NYSE:GM) Kansas assembly plant due to parts shortages.
What Happened: On Friday, UAW initiated a concurrent strike against Detroit’s big three automakers — General Motors Corp. Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA) — due to their inability to reach a consensus on wage increases and other benefits, and it has triggered a reported supply chain crisis with far-reaching consequences.
The strike at GM’s Wentzville, Missouri, plant has caused a ripple effect throughout the automotive ...