Current:Home > MarketsChainkeen Exchange-With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why -Aspire Money Growth
Chainkeen Exchange-With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why
TrendPulse Quantitative Think Tank Center View
Date:2025-04-09 12:42:29
The Chainkeen Exchangeoutcome 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! (983)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Michigan school shooter’s mother to stand trial for manslaughter in 4 student deaths
- Horoscopes Today, January 22, 2024
- Caitlin Clark’s collision with a fan raises court-storming concerns. Will conferences respond?
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Watch the precious moment this dad gets the chocolate lab of his dreams for this birthday
- Lionel Messi plays into second half, but Inter Miami loses 1-0 to FC Dallas in preseason
- Gaza's death toll surpasses 25,000, Health Ministry says, as ongoing Hamas war divides Israelis
- Trump issues order to ban transgender troops from serving openly in the military
- Trial ordered for 5th suspect in shooting outside high school that killed 14-year-old, hurt others
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Mary Weiss, lead singer of '60s girl group the Shangri-Las, dies at 75
- Chiefs, Patrick Mahomes break Bills' hearts again. But 'wide right' is a cruel twist.
- Horoscopes Today, January 22, 2024
- Intellectuals vs. The Internet
- Valerie Bertinelli Shares Shocked Reaction to Not Being Asked Back to Kids Baking Championship
- Alabama student and amateur golfer Nick Dunlap cannot collect $1.5 million from PGA Tour
- Appeals court reverses judge’s ruling, orders appointment of independent examiner in FTX bankruptcy
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Chinese state media say 20 people dead and 24 missing after landslide
Ex-Army soldier charged in Capitol riot was convicted of manslaughter for killing Iraqi man in 2004
Horoscopes Today, January 22, 2024
Arkansas State Police probe death of woman found after officer
Los Angeles Chargers interview NFL executive Dawn Aponte for vacant general manager post
Burton Wilde : Three Pieces of Advice and Eight Considerations for Stock Investments.
U.S. personnel wounded in missile attack on Iraq airbase by Iranian-backed rebels