Current:Home > StocksWith UAW strike looming, contract negotiations may lead to costlier EVs. Here's why-Angel Dreamer Wealth Society D1 Reviews & Insights
With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why
View Date:2024-12-23 15:15:08
The outcome of the UAW negotiations with the Detroit automakers could likely mean higher new car prices, especially for electric vehicles, and a cost structure that could hurt the automakers in the long run, Wall Street analysts say.
As the union's Sept. 14 contract deadline nears, a possible strike looms larger. A strike is "a potential nightmare situation for GM and Ford" since both are in the early stages of a transition to an all-EV future that can't be derailed, Dan Ives managing director and senior equity analyst at WedBush Securities, wrote in a research note Wednesday.
veryGood! (9971)
Related
- Round 2 in the Trump-vs-Mexico matchup looks ominous for Mexico
- The Georgia district attorney who charged Trump expects his trial to be underway over Election Day
- What is December's birthstone? There's more than one. Get to know the colors and symbolism
- 11 ex-police officers sentenced in 2021 killings of 17 migrants and 2 others in northern Mexico
- Gerry Faust, the former head football coach at Notre Dame, has died at 89
- King Charles III celebrates 75th birthday with food project, Prince William tribute
- Crumbling contender? Bills make drastic move with Ken Dorsey, but issues may prove insurmountable
- Colorado mass shooting suspect, who unleashed bullets in supermarket, pleads not guilty
- Worker trapped under rubble after construction accident in Kentucky
- Germany’s highest court annuls a decision to repurpose COVID relief funding for climate measures
Ranking
- Video ‘bares’ all: Insurers say bear that damaged luxury cars was actually a person in a costume
- Video shows Army veteran stopping suspect from jacking pregnant woman's car at a Florida Starbucks
- Labor abuse on fishing vessels widespread, with China topping list of offenders, report says
- Kim Kardashian on divorce from Ye, leaving school with dad Robert Kardashian for O.J. Simpson trial
- 13 Skincare Gifts Under $50 That Are Actually Worth It
- Murder trial in killing of rising pro cyclist Anna ‘Mo’ Wilson nears end. What has happened so far?
- Jacob Elordi calls 'The Kissing Booth' movies 'ridiculous'
- Donna Kelce Reveals How Son Travis Kelce Blocks Out the Noise
Recommendation
-
Man charged with murder in fatal shooting of 2 workers at Chicago’s Navy Pier
-
Illegal border crossings into the US drop in October after a 3-month streak of increases
-
New York’s high court to hear redistricting case, as Democrats angle to retake US House
-
An ethnic resistance group in northern Myanmar says an entire army battalion surrendered to it
-
Gold is suddenly not so glittery after Trump’s White House victory
-
Michael Strahan returns to 'Good Morning America' after nearly 3 weeks: 'Great to be back'
-
Over the river and through the woods for under $4. Lower gas cuts Thanksgiving travel cost
-
Biden aims for improved military relations with China when he meets with Xi