General Motors Faces Tough Challenges Amid Ongoing UAW Strike
The ongoing United Auto Workers (UAW) strike against the Detroit-based automakers is causing significant financial losses. General Motors (GM) seems to be the most affected, with more striking workers and the highest number of production losses. The strike is demanding various changes, including higher wages, an end to the tiered wage system, and more job security in the age of electric vehicles (EVs). While Ford faces challenges, it has a higher inventory supply to withstand the strike’s impact. Stellantis has been slower in negotiations and has the highest inventory days among the three automakers.