- A looming strike is a “nightmare situation” for Detroit automakers.
- Work stoppages and labor cost increases pose setbacks for their EV ambitions.
- Tesla is already having a banner year for both sales and production.
A looming strike by the United Auto Workers union, which represents hourly workers at the Detroit Three car companies, could be great news for Tesla, one analyst says.
The UAW has spent the summer negotiating new contracts with Ford, General Motors, and Jeep-owner Stellantis. The union is asking for historic wage increases, elimination of a tier system implemented during the depths of the recession, cost of living adjustments, and more. If an agreement isn’t reached by September 14, some 150,000 UAW workers across the US will go on strike, a move that could cost the industry as much as $5 billion in 10 days.
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