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General Motors (GM) has abandoned its 2023 profit and electric vehicle (EV) production targets due to the rising costs of the United Auto Workers (UAW) strike. Illinois Tool Works has also narrowed its 2023 profit forecast, expecting a hit from the UAW strikes. The UAW strike has now reached a General Motors plant in Texas, as the union aims to target automakers' cash cows. The US labor movement is showing signs of strength with large, militant strikes by autoworkers and others. US auto sales are expected to rise in October, but the impact of the UAW strike looms. The strike may also affect Ford Canada's production, as the plant could halt output next week. Canadian union Unifor plans to prioritize talks on electric vehicle transition with Stellantis.
The United Auto Workers expanded its strike this week amid reports of a potential deal with one of the automakers. @TheStephSy discussed more with @davidshepardson. https://t.co/1AfeWTQuTM
Canadian union Unifor to prioritize talks on EV transition with Stellantis https://t.co/AxEELs7VyV https://t.co/0jlRQDmw4c
Ford Canada plant could halt output next week due to US auto strike -union official https://t.co/JwGUX86dU4 https://t.co/Nuf19OjK1B
US auto sales likely to rise in October but impact of UAW strike looms - report https://t.co/3NtPBJJhv2 https://t.co/SOgaWKgBVG
In the past year, we've seen large, militant strikes by autoworkers, Hollywood writers, and others. Itβs a promising sign that, after decades of weakness, the US labor movement is ready to take the fight to the boss. https://t.co/zhxpCrI0Tj
UAW strikes at General Motors plant in Texas as union goes after automakers' cash cows https://t.co/xbhXMQKQjc
Illinois Tool Works narrows 2023 profit forecast on expected hit from UAW strikes https://t.co/O05C1ISm7a https://t.co/QGdSqB3fet
Illinois Tool Works narrows 2023 profit forecast on expected hit from UAW strikes https://t.co/WPPG323Ce5 https://t.co/PjUNRXvCZ0
General Motors abandons 2023 profit and EV production targets amid rising UAW strike costs https://t.co/rnehK4obgS https://t.co/Mleu8MSsU5