US auto strike's economic fallout starts to hurt global businesses
© Reuters. FILE PHOTO: A United Auto Workers union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo
"The damage from the strikes will last long after UAW members return to work," University of Michigan professor Erik Gordon said. "Suppliers are expected to feel the pinch from lower volumes in fourth quarter, but the pain will not be equally spread," BofA Global Research analyst John Murphy said. French car parts maker Forvia on Friday warned of possible temporary layoffs after estimating a bigger sales hit in October from the strike.), the world's largest producer of car airbags and seatbelts, told Reuters it had seen a very limited impact from the strike, but it could become a risk the longer it continues.
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