Auto workers have decided to strike after an inability to settle labor contract negotiations with the Big Three Automakers Ford (F), General Motors (GM), and Stellantis (STLA) prior to the Thursday deadline. This marks the first strike since 2019 when a six-week-long union strike unfolded against General Motors. Autolist Editor-in-Chief David Undercoffler sits down with Yahoo Finance's Rachelle Akuffo, exploring the implications of a targeted strike approach by the United Auto Workers (UAW), its potential consequences on car prices and the used car market, and how this strike could offer advantages to other automakers like Tesla (TSLA).“Seems like Stellantis was the most proactive and most aggressive in building up a supply of vehicles — that's Jeep, that's Dodge, that's Ram vehicles,” Undercoffler says. “Ford and GM… the supply is quite a bit lower, so they're going to feel the impacts of this strike most immediately.”
