News Formal

Ford, GM Stocks Rebound To Pre-Strike Levels. GM Idles an Assembly Plant.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The UAW has threatened to expand its strike to more plants if Ford, GM, and Stellantis fail to make “serious progress” by the end of the week.

General Motors idled its Fairfax assembly plant in Kanas as the effects of the United Auto Workers strike widened.

Stellantis said it anticipates “similar actions at Kokomo Transmission and Kokomo Casting in Kokomo, Ind., affecting an estimated 300 employees at these two facilities,” as it monitors the impact of the UAW strike on its manufacturing operations. Stellantis stock gained 1.7% on Wednesday, while the S&P 500 is down about 0.9% and the Dow Jones Industrial Average is off about 0.2%.

“This is a growing nightmare situation for GM and Ford as both 313 [Detroit’s area code] stalwarts are in the early stages of a massive EV transformation path for the next decade that will define future success.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ford, GM Stocks Rebound To Pre-Strike Levels. Why Tesla Is the ‘Clear Winner.’The UAW has threatened to expand its strike to more plants if Ford, GM, and Stellantis fail to make “serious progress” by the end of the week.
Source: MarketWatch - 🏆 3. / 97 Read more »