Wall Street got busy Thursday calculating how much wage increases won by the striking United Auto Workers might weigh on the Big Three’s bottom lines.
Ford workers are returning to their jobs while the tentative agreement goes through the ratification process, putting pressure on General Motors Co. GM, -1.40% and Stellantis NV STLA, -2.20% to also reach an agreement with the UAW. The UAW broke with tradition of striking at only one carmaker at a time, instead calling for strikes at specific facilities of all three carmakers.
But unlike GM, Ford has “the end in sight to enable the company to not pull its guidance,” Narayan said.
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