The United Auto Workers and the ‘Detroit Three’ auto makers have less than three days to negotiate a new labor contract. No deal most likely means a strike that could cost workers, the auto makers, and the U.S. economy billions. Some progress has been made, but investors aren’t betting on resolution just yet.
It’s difficult to compare proposals looking in from the outside. There are other lump-sum payments, cost of living adjustments, and wage-tier changes to consider. Stellantis shares have been roughly flat over the past two months. GM and Ford shares are both down roughly 20%. Investors haven’t wanted to take the risk of a strike, preferring to wait to see how things turn out.
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