Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
Approximately 12,700 workers are on strike as a result of the UAW's coordinated U.S. action out of the union's 146,000 members who work at the Big Three.
Stellantis on Wednesday joined GM and Ford in furloughing some employees at other factories because of the ripple effects of the strikes, including parts shortages, storage constraints and other issues. Analysts expect plants that build high-margin pickup trucks such as Ford's F-150, GM's Chevy Silverado and Stellantis' Ram to be the next targets if the walkout continues. Morgan Stanley analyst Adam Jonas estimated in a Thursday research note that a full month of lost production would cost the three automakers $7 billion to $8 billion in lost profits.
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