Ford, GM, And Stellantis Bracing Themselves For A Potential UAW Strike

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Ford, GM, And Stellantis Bracing Themselves For A Potential UAW Strike

Economy 2 Mins Read September 13, 2023 Posted by Soumava Goswami

The United Auto Workers (UAW) warned Ford, General Motors, and Stellantis of a potential strike within a few days. According to the UAW, they can avoid the strike by reaching new contract agreements.

However, the auto dealerships are bracing themselves for any impact of the strike. They are waiting for what will happen if the production lines come to a stop.

Scott Kunes, the COO of Kunes Auto Group, stated that they have been preparing for a strike “for a little while now.” Kunes Auto Group has more than forty dealerships in the Midwest, including Ford, Stellantis, and General Motors.

The negotiations between the two parties are ongoing, as Shawn Fain, the president of UAW, has vowed to keep it open around the clock. Kunes added,

we do have to prepare for all three to be striking at the end of this week.

According to him, due to supply shortages during the pandemic, dealerships learned a lot.

As per estimates, if UAW runs a strike against the big three, it would result in a decline of 100,000 vehicles each week.

According to Fox Business,

Although the supply chain issues that plagued the U.S. auto industry due to COVID-19 have eased in the past few years, Kunes said production still is not close to what the industry saw pre-pandemic. If inventory dries up, it can be devastating to dealerships’ operations, their communities and the consumer.

Kunes also recalled the strike against GM that happened in 2019. He added that since then, when it comes to inventory, GM has not been able to recover and catch up in the market.

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Inspired by The Social Network, Soumava loves to find ways to make small businesses successful – he spends most of his time analyzing case studies of successful small businesses. With 5+ years of experience in flourishing with a small MarTech company, he knows countless tricks that work in favor of small businesses. His keen interest in finance is what fuels his passion for giving the best advice for small business operations. He loves to invest his time familiarizing himself with the latest business trends and brainstorming ways to apply them. From handling customer feedback to making the right business decisions, you’ll find all the answers with him!

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13th September, 2023

Very good article. I am experiencing some of these issues as well..