Current：Home > MarketsWith UAW strike looming, contract negotiations may lead to costlier EVs. Here's why -Nova Finance Academy

With UAW strike looming, contract negotiations may lead to costlier EVs. Here's why

​​​​​​​View Date：2025-04-19 07:30:46

The outcome of the UAW negotiations with the Detroit automakers could likely mean higher new car prices, especially for electric vehicles, and a cost structure that could hurt the automakers in the long run, Wall Street analysts say.

As the union's Sept. 14 contract deadline nears, a possible strike looms larger. A strike is "a potential nightmare situation for GM and Ford" since both are in the early stages of a transition to an all-EV future that can't be derailed, Dan Ives managing director and senior equity analyst at WedBush Securities, wrote in a research note Wednesday.

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