Stellantis NV

STLAM: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€54.40	Dngj	Jfjwksqj

We See a UAW Strike at Stellantis as Likely, but Striking All Three Automakers at Once Is Possible

David Whiston

Aug 25, 2023

On Aug. 25, the United Auto Workers announced 97% member approval of strike authorization against General Motors, Ford, and Stellantis, affecting almost 150,000 hourly workers. This vote does not guarantee a strike will happen; it’s procedural and done every negotiation so the UAW can immediately strike if it chooses to once its contract with each firm expires at 11:59 p.m. Eastern time on Sept. 14. We continue to think a strike against Stellantis is the most likely outcome, but UAW president Shawn Fain has made it clear that a simultaneous strike against all three firms is possible. This has never occurred.

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