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UAW Strike Has Cost Ford, GM $340M: JPMorgan

UAW Strike Has Cost Ford, GM $340M: JPMorgan
United Auto Workers President Shawn Fain talks with members picketing near a General Motors Assembly Plant in Delta Township, Mich., Sept. 29, 2023. (Paul Sancya/AP)

Monday, 02 October 2023 09:28 AM EDT

J.P.Morgan said Monday the ongoing strike by the United Auto Workers (UAW) hit the operating profit of Ford Motor by $145 million and General Motors by $191 million, or a total of $336 million, in the third quarter.

The brokerage said GM is now losing $21 million per day due to the strikes and Ford is losing $18 million.

© 2025 Thomson/Reuters. All rights reserved.


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J.P.Morgan said Monday the ongoing strike by the United Auto Workers (UAW) hit the operating profit of Ford Motor by $145 million and General Motors by $191 million, or a total of $336 million, in the third quarter.
uaw, strike, profits, gm, ford
59
2023-28-02
Monday, 02 October 2023 09:28 AM
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