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White House plans emergency aid for auto suppliers, WaPo reports
The Fly

White House plans emergency aid for auto suppliers, WaPo reports

The UAW auto union is expected to begin a strike Thursday night against Detroit automakers Ford (F), General Motors (GM), and Stellantis (STLA) if a deal isn’t reached, and White House administration officials are planning measures to protect suppliers to the auto industry from long-term damage, The Washington Post’s Jeff Stein and Jeanne Whalen report. According to three people aware of internal conversations, the White House isn’t expected to intervene in a strike, but is worried that a protracted strike could wipe out suppliers that depend on business from the automakers. A strike would be the first against an auto company since 2019.

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