Auto strike looms, could shut down Detroit’s Big 3, NY Times reports

The United Auto Workers union and the three Detroit automakers have less than two weeks to negotiate a new labor contract, and a strike of some sort seems increasingly likely, The New York Times’ Neal E. Boudette reports. A strike against one of the companies, especially a prolonged stoppage, could send an economic jolt through several Midwestern states and crimp the profits of General Motors (GM), Ford Motor (F) or Stellantis(STLA), the author adds. A strike against all three could have a noticeable impact on the broader U.S. economy, the publication notes.