A United Auto Workers (UAW) strike is looming for Detroit’s automakers at the end of this week. In the meantime, a survey of 99 investors by Morgan Stanley has found that 82 percent were expecting a strike to take place.
NTD business host Don Ma says he’s still hopeful a strike can be averted. Even a short interruption to the Big 3’s light-vehicle production systems could spell shortages and, perhaps, increased sticker prices for American consumers. A prolonged strike would mean billion-dollar losses for the automakers, while any generous concessions to the unions could also be passed on to new car buyers in the coming years.
