... strike against the Detroit Three automakers ... Aptiv has an exposure of between 8% and 9% to the Detroit Three automakers, namely General ...
Aptiv (APTV.N) beat third-quarter estimates on Thursday, on sustained demand for auto parts and supplies, but it warned of a $180 million sales hit in 2023 from the United Auto Workers (UAW) union strike against the Detroit Three automakers.#RATI:SUSTAINABLE-EV-SUPPLY-CHAIN #RULES:RESULTS #RATI:FINANCIAL-RESULTS #RATI:WORKFORCE #AUT #AUTO #AUTPT #AUTPT1 #BACT #BIZ #CARM #CARM1 #CMPNY #CYCS #CYCS08 #ELEAV #JOB #PUBL #RES #RESF #CEEU #WEU #AMERS #US #EUROP #CA #IE #EZC #NAMER #DE #FIN #TOPNWS #AUTOMV #BLUX #NL
Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact
Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact
Aptiv <a href="https://www.reuters.com/markets/companies/APTV.N" target="_blank">(APTV.N)</a> beat third-quarter estimates on Thursday, on sustained demand for auto parts and supplies, but it warned of a $180 million sales hit in 2023 from the United Auto Workers (UAW) union strike against the Detroit Three automakers.
GM withdraws 2023 guidance as UAW strike costs soar
General Motors <a href="https://www.reuters.com/markets/companies/GM.N" target="_blank">(GM.N)</a> on Tuesday withdrew its previous guidance for 2023 profits and near-term electric vehicle production as costs related to the United Auto Workers strikes jumped to $200 million a week during October.
... General Motors and Chrysler parent Stellantis out on strike, including those who went out on strike at Ford's cash-cow Kentucky pickup truck plant ...
French car parts maker Forvia (FRVIA.PA) on Friday posted solid organic sales growth for the third quarter, but warned that the spreading United Auto Workers strike will take a bigger bite out of revenue in October and could lead to layoffs.#RATI:FINANCIAL-RESULTS #RULES:RESULTS #AUT #AUTO #AUTPT #AUTPT1 #BACT #BIZ #CMPNY #COEN #COEN08 #COMBLD #CYCS #CYCS08 #GDY1 #INDS #INDS08 #ISER #ISER08 #PRIVT #PUBL #RES #RESF #CEEU #WEU #EUROP #EZC #AT #DE #FR #AUTOMV #CARM #BLUX #NL #FIN #TOPNWS #PXP #TOPCMB
Forvia warns of rising hit from UAW strike, considering layoffs
Forvia warns of rising hit from UAW strike, considering layoffs
French car parts maker Forvia <a href="https://www.reuters.com/markets/companies/FRVIA.PA" target="_blank">(FRVIA.PA)</a> on Friday posted solid organic sales growth for the third quarter, but warned that the spreading United Auto Workers <a href="/business/autos-transportation/uaw-head-shawn-fain-hold-live-event-friday-amid-auto-strikes-2023-10-20/">strike</a> will take a bigger bite out of revenue in October and could lead to layoffs.
UAW strike could upend GM, Ford financial strategies
General Motors <a href="https://www.reuters.com/markets/companies/GM.N" target="_blank">(GM.N)</a> and Ford <a href="https://www.reuters.com/markets/companies/F.N" target="_blank">(F.N)</a> have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs.
General Strike Now