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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (161542)	9/15/2023 9:25:36 AM
From: Goose94	Read Replies (1) \| Respond to of 202060

Ford Motor Co. (F-NY) U.S. autoworkers on strike Striking a nerve About 130,000 U.S. auto workers have gone on strike. Normally the union picks on one automaker in order to get a deal done, but this time is different. In a note to clients this morning, Chris Low of FHN Financial pointed out: “The UAW struck a Ford plant that makes Bronco SUVs in Michigan, a GM plant that assembles Chevy Colorado pickups in Missouri and a Stellantis plant that makes Jeep Wranglers in Ohio. It is the first time the union has struck all three automakers at once. The strike is intended to limit production of profitable vehicles while keeping most union workers on the job, preserving strike funds.” We will assess the impact on Canada. There is a Sept. 18 strike deadline for more than 5,600 employees at Ford Canada. We will watch for Linamar and Magna shares, which have U.S. exposure to some assembly plants. Meanwhile, Dan Ives at Wedbush says, “The clear winner in this Game of Thrones battle between the UAW vs. GM (and) Ford is Musk and Tesla with champagne now on ice which sits in a non-union position and its biggest potential EV … competitors now face mounting costs (and) complexities in the years ahead, depending on how this ultimately plays out.” BNN.ca