UAW strikes cost Stellantis about $3.2 billion in revenue
Publishing timestamp: 2023-10-31 10:45:15
Summary
Labor strikes by the United Auto Workers union have cost Stellantis approximately $3.2 billion in lost revenue through October. Despite the strikes, Stellantis has maintained its 2023 guidance, indicating the strength of its global footprint compared to its competitors GM and Ford.
Sentiment: NEGATIVE
Tickers: GM, F, STLAM-IT, STLA,
Keywords: detroit, earnings, business, labor unions, united states, stellantis nv, labor economy, business news, ford motor co, transportation, autos, general motors co, strikes, breaking news: business,
Source: https://www.cnbc.com/2023/10/31/stellantis-union-strikes-cost.html