UAW strike at plants making midsize pickup trucks and SUVs is costing Ford, GM and Stellantis about $100 million to $125 million a week each in delayed revenue.
The United Auto Workers strike at Ford Motor Co., General Motors Co. and Stellantis NV plants is costing each of the Big Three automakers around $100 million to $125 million a week in delayed revenue, analysts at Goldman Sachs said in a note Tuesday.
Nearly 13,000 workers are on strike, with GM warning last week it might run out of parts at a factory in Kansas making the Chevy Malibu and Ford confirming, also last week, that it has laid off about 600 workers at its Wayne, Mich., plant as the result of a domino effect. Wall Street has worried about the strike spreading to plants where the Big Three make their high-margin pickup trucks.
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