Name: How Would A UAW Strike Affect the US Car Market?
Uploaded: 2023-09-11T17:23:57.000Z
Description: 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.

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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.

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Don Ma is an anchor and senior business correspondent based at the network's global headquarters in New York City. Don is the anchor and producer of NTD's "Business Matters," which airs weekdays at 4:30 pm ET.

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