Mark Barrott, a partner with Plante Moran, said in a webinar hosted by ARPM and MAPP, suspects the UAW strikes are just the beginning and could have cascading impacts on North American auto industry suppliers.
The United Auto Workers union's strike against the Detroit 3 has made an already precarious financial situation for suppliers even more fraught—and the auto makers might be in part to blame, industry experts said.
The stakes are high as a new UAW president fights for a self-described "audacious and ambitious" list of demands from Ford, General Motors and Stellantis. Here are three key issues the UAW is fighting for in the Detroit 3 contracts.
Talks stalled in the final hours of negotiations, even as the auto makers offered record raises as high as 20 percent. GM CEO Mary Barra on Friday said she hoped for a quick return to the bargaining table.
The union said proposed wage increases were 20 percent from Ford, 18 percent from GM and 17.5 percent from Stellantis. Ford and Stellantis said the UAW had not responded to offers they presented Tuesday before Fain criticized them.