NEW YORK (S&P Global Ratings) Sept. 15, 2023--S&P Global Ratings today published "How Will The United Auto Workers Strike Impact Ratings In The U.S. Auto Sector?," which answers frequently asked questions about the current United Auto Workers (UAW) strike that targets individual U.S. auto plants. The strike will lead to stoppage of production for several profitable, high-demand vehicles including the Ford Bronco, Jeep Wrangler, and Chevrolet Colorado.
We answer questions on how the strike will impact ratings in the U.S. auto sector, including:
- How does the production disruption impact ratings cushion for automakers?
- What is the likely ratings impact from the range of outcomes of these labor negotiations on the earnings cushion for GM and Ford?
- What is the likely impact of the strike on rated auto suppliers?
This report does not constitute a rating action.
The report is available to subscribers of RatingsDirect at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to firstname.lastname@example.org. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
|Primary Credit Analysts:||Nishit K Madlani, New York + 1 (212) 438 4070;|
|David Binns, CFA, New York + 1 (212) 438 3604;|
|Media Contact:||Jeff Sexton, New York + 1 (212) 438 3448;|
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