Only about 12% of the union’s membership is so far taking part in the walkout. The UAW could, if it chose to, vastly expand the number of strikers who could hit assembly plants and parts facilities of General Motors, Ford and Stellantis, the owner of the Jeep and Ram brands.
“We believe the next step for UAW is the more nuclear option — going for a much more widespread strike on the core plants in and around Detroit,” said Daniel Ives, an analyst with Wedbush Securities. “That was would be a torpedo.” “It severely hits the dealerships, and it hurts the customers who purchased those very expensive vehicles in good faith,” said Art Wheaton, a labor expert at Cornell University. “You just told all your customers, ‘Hey we can’t fix those $50,000 to $70,000 cars we just sold you because we can’t get you the parts.’"
“What has hurt the consumers in the long run is the fact the companies have raised prices on vehicles 35% in the last four years,” he shot back. “It’s not because of our wages. Our wages went up 6%, the CEO pay went up 40%." “We have contingency plans for various scenarios and are prepared to do what is best for our business and customers,” said David Barnas, a GM spokesman. “We are evaluating if and when to enact those plans.”
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Source: Reuters - 🏆 2. / 97 Read more »