Current：Home > ContactWith UAW strike looming, contract negotiations may lead to costlier EVs. Here's why -Ascend Finance Compass
With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why
View
Date：2025-04-12 05:24:41
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！ (9335)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Dak Prescott injury update: Cowboys QB shares outlook for next week vs. Eagles
- A.J. Brown injury update: Eagles WR suffers knee injury in Week 9 game vs. Jaguars
- Dawson's Creek's James Van Der Beek Shares Colorectal Cancer Diagnosis
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Proof Jelly Roll and Bunnie XO Will Be There for Each Other ‘Til the Wheels Fall Off
- Hugh Jackman Marvelously Reacts to Martha Stewart's Comments About Ryan Reynolds' Humor
- Federal Reserve is set to cut rates again while facing a hazy post-election outlook
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Oklahoma small town police chief and entire police department resign with little explanation
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Arkansas chief justice election won’t change conservative tilt of court, but will make history
- Horoscopes Today, October 31, 2024
- Doctors left her in the dark about what to expect. Online, other women stepped in.
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Harris and Trump will both make a furious last-day push before Election Day
- Competing Visions for U.S. Auto Industry Clash in Presidential Election, With the EV Future Pressing at the Border
- Starbucks releases its cups for the 2024 holiday season: See this year's designs
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Nebraska starts November fade with UCLA loss to lead Misery Index for Week 10
Horoscopes Today, November 1, 2024
As Ice Coverage of Lakes Decreases, Scientists Work to Understand What Happens Under Water in Winter
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Election Day forecast: Good weather for most of the US, but rain in some swing states
Arkansas chief justice election won’t change conservative tilt of court, but will make history
Then & Now: How immigration reshaped the look of a Minnesota farm town