GM, Ford slip after UAW warns of more walkouts, analysts say deal is close
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo) slipped about 1% each in morning trade on Monday after the United Auto Workers union warned of more walkouts unless a new labor deal is reached.
Though Fain signaled a deal may be close, some analysts expressed worries about the financial impact of the demands on the automakers. "Possibly a sign a deal could be done soon. However, most of the update was concerning as Fain interprets increased offers as a sign there is more to get," he said.
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