The economic toll of the United Auto Workers strike against Ford, General Motors and Stellantis continues to grow as the union's month-long strike continues.
The United Auto Workers' month-long strike against Detroit's Big Three automakers continues to take a growing toll on the industry and beyond, and fresh data shows its cost to the U.S. economy is approaching nearly $8 billion. The latest numbers from Michigan economic consulting firm Anderson Economic Group released Monday show the union's strike – now in its fifth week – against Ford, General Motors and Stellantis cost the economy $7.7 billion through the fourth full week.
We’ve entered the danger zone for many suppliers, and more than one production line," Patrick Anderson, AEG principal and CEO, said in a statement. "Without a settlement soon, a plausible restart with higher costs will likely lead to some permanent losses of production, and suppliers that will need financial assistance to return to operation." "We’re already seeing retail sales, airline travel and income tax collections dropping in the state of Michigan.
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