A hypothetical 10-day strike against the Detroit 3 would result in more than US$5 billion in economic losses, according to the analysis from Anderson Economic Group.
A strike by the UAW against Ford Motor Co., General Motors and Stellantis could cause a recession in Michigan and take a bite out of the United States' GDP, according to recent analysis.
A strike is becoming more likely as the Sept. 14 contract expiration draws near and negotiations between UAW President Shawn Fain and the automakers appear to be making little progress. Fain literally trashed a contract proposal from Stellantis, fueling speculation the union could target the Ram truck and Jeep maker, but Fain has not ruled out striking against all three. The automakers have stayed mostly mum on the talks.
"If that happens, even a short strike would impact economies throughout Michigan and across the nation." "Consumer and dealer losses are typically somewhat insulated in the event of a very short strike," Tyler Theile, vice president of the firm, said in the release."However, with current inventories hovering around only 55 days, the industry looks different than it did in during the last UAW strike."
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