The ongoing strike between the autoworkers and Detroit automakers could impact the electric vehicle industry.
The United Auto Workers strike against General Motors, Ford, and Stellantis has come at a critical juncture for the automotive industry, and the ongoing transition to electric vehicles could impact the outcome significantly, a new report states.
Automakers are pouring billions of dollars into manufacturing new EV plants with additional support from government incentives, while also repurposing some of their existing facilities for EV production. And they’re losing money in doing so.
. As per General Motors, meeting UAW demands would cost the company $100B, while Ford CEO Jim Farley said a 40 percent wage hike would put the company out of business.that the brand doesn’t want to have a conversation that “forces us to choose between going out of business and rewarding our workers.”
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