The United Auto Workers strike against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA), continues to loom as the deadline draws closer. Nathan Bomey, Axios Business Reporter & Co-author of Axios Closer newsletter, and David Madland, Center for American Progress Senior Fellow & American Worker Project Senior Adviser, join Yahoo Finance Live to discuss the potential strike and its impact on the auto industry.
Bomey says, “there’s a possibility of striking all three at the same time” and “if that happens, we would see a serious bottleneck in the auto industry.” Bomey adds, “that Tesla (TSLA) would be the winner if there’s a big strike.” The company would also “be the winner if the automakers have to agree to huge pay increases because, of course, Tesla is not unionized.” Bomey notes that “one big question after this is all over, is… when and will the UAW start to take a crack at organizing Tesla again?”
As union membership has declined over the last several years, Madland notes that although the “desire for unions is, sort of, as high now as it’s ever been,” the “law makes its very, very hard for workers to join unions and allows companies lots of tools for union-busting.”
