Arm set to extend gains, Chinese data lifts sentiment - what's moving markets
UAW President Shawn Fain vowed that the strikes will go on until workers"get our share of economic justice," according to CNBC.
The negotiations, which so far have proven fruitless despite the involvement of U.S. President Joe Biden, have some economists worried about a broader impact on the American economy. When combined, Ford, GM and Stellantis account for roughly half of the 15 million cars produced in the U.S. per year.
Production for the year to August also ticked higher to 3.9% from 3.8% in the prior month, in line with estimates.
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