![]() Murphy contrasted the expected rise in labor costs at the three companies with tailwinds analysts expect the industry to see from declining raw material costs, which he said typically make up about 11% of a vehicle's average transaction price. Though he acknowledged there's a case to be made for each of the Detroit automakers to serve as the lead company and strike target in the union's negotiations, Bank of America analysts believe Stellantis will be targeted for a strike, based on rhetoric from UAW President Shawn Fain, who worked for the company and has criticized its idling of an assembly plant in Belvidere, Illinois. Murphy said he's highly confident in at least one strike happening, and that the chances of a subsequent strike at one of the other automakers is "much higher than normal." Talks on a new agreement are slated to start this summer. The UAW's current contracts with Ford Motor Co., General Motors Co. ![]() ![]() ![]() “I think we’re going to see a strike on Sept. ![]()
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