Auto Stocks Fall as UAW Contract Talks with Big 3 Automakers Resume

Ford and GM stocks fell as UAW contract talks restarted
Negotiations between Big Three automakers and UAW resumed over weekend
UAW on strike against GM since Sept 16 to push for higher wages, health benefits
Ford, Fiat Chrysler contracts with UAW expire on Sept 14
Outcome of GM negotiations expected to set pattern for Ford and Fiat Chrysler

barrons.com

Relevant topic timeline:

9/4/2023

UAW's clash with Big 3 automakers shows off a more confrontational union as strike deadline looms

The demands of the United Auto Workers (UAW) union, including higher pay, shorter work hours, and the restoration of pensions, could lead to a strike against General Motors, Stellantis, and Ford as the automakers refuse to meet these demands, potentially raising already-inflated vehicle prices.

9/11/2023

UAW Contract Expires Soon, Strike Looms as Union Seeks to Regain Lost Benefits

The article discusses the impending UAW strike and the potential impact on Ford and GM stock.

9/21/2023

GM, Ford Shares Drop as UAW Strike Deadline Nears, Threatening Further Disruption

GM and Ford stocks drop as the United Auto Workers' strike threat continues.

9/22/2023

UAW Expands Strike to All GM, Stellantis Parts Centers as Leverage in Talks, But Progress with Ford Avoids Wider Disruption

Despite expanding its strike against GM and Stellantis, the United Auto Workers (UAW) union has decided not to expand the number of Ford workers on strike due to progress in negotiations with Ford.