The United Auto Workers, UAW, union remains far apart in negotiations for a new labor agreement with Detroit automakers, including General Motors (GM), Ford (F), and Stellantis (STLA), Ryan Felton of The Wall Street Journal reports. UAW President Shawn Fain has said the union has gotten closer to a deal with these companies but doubts the deal will be reached prior to the deadline on Thursday. If a deal is not reached, a strike will occur at a limited number of factories initially, Fain said, according to the Journal.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GM:
- GM, F, STLA Fail to Avert Union Wrath; UAW Begins Midnight Strike
- A Looming UAW Strike Means Calamity for Several Stocks
- General Motors upgraded, Oracle downgraded: Wall Street’s top analyst calls
- GM, F, STLA: UAW Plans Targeted Strike for Tomorrow, at Big Three’s Plants
- General Motors assumed with Buy at UBS, says negativity ‘priced in’