#Breaking: #GM, #Ford and #Stellantis lost a combined $2.5 billion in earnings because of the #strikes through Oct. 26, #DeutscheBank estimated

With Detroit’s carmakers and the union representing their labor force at odds over a new contract, autoworkers began targeted walkouts in mid-September and expanded them over the following weeks. The United Auto Workers’ fiery new president, Shawn Fain, argues that the automakers have had it too good at labor’s expense in recent years. In negotiations for a four-year contract with the three largest US legacy carmakers.

Read more https://www.bloomberg.com/