Current：Home > MarketsWith UAW strike looming, contract negotiations may lead to costlier EVs. Here's why -FinTechWorld
With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why
Algosensey Quantitative Think Tank Center View
Date：2025-04-11 10:05:50
The outcome of the UAW negotiations with the Detroit automakers could likely mean higher new car prices, especially for electric vehicles, and a cost structure that could hurt the automakers in the long run, Wall Street analysts say.
As the union's Sept. 14 contract deadline nears, a possible strike looms larger. A strike is "a potential nightmare situation for GM and Ford" since both are in the early stages of a transition to an all-EV future that can't be derailed, Dan Ives managing director and senior equity analyst at WedBush Securities, wrote in a research note Wednesday.
veryGood！ (59488)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Taylor Swift is Spotify's most-streamed artist. Who follows her at the top may surprise you.
- Russia’s Supreme Court effectively outlaws LGBTQ+ activism in a landmark ruling
- Pope says he has acute bronchitis, doctors recommended against travel to avoid change in temperature
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Hearing in Minnesota will determine if man imprisoned for murder was wrongfully convicted
- Philips sleep apnea machines can overheat, FDA warns
- Gary Oldman had 'free rein' in spy thriller 'Slow Horses' — now back for Season 3
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Jennifer Garner Shares Insight Into Daughter Violet’s College Prep
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Venezuela’s planned vote over territory dispute leaves Guyana residents on edge
- Peter Thomas Roth Flash Deal: Get $140 Worth of Retinol for Just $45
- McDonald's unveils new celebrity meal box with Kerwin Frost: Here's what's in it
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Retro role-playing video games are all the rage — here's why
- Venezuela’s planned vote over territory dispute leaves Guyana residents on edge
- Hearing in Minnesota will determine if man imprisoned for murder was wrongfully convicted
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Riley the dog gets his final holiday wish: One last Christmas with his family
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
College Football Playoff rankings winners and losers: Top five, Liberty get good news
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
A forgotten trove of rare video games could now be worth six figures
South Korean farmers rally near presidential office to protest proposed anti-dog meat legislation
House Speaker Mike Johnson has reservations about expelling George Santos, says members should vote their conscience