22 Sep 2023

US auto workers strike for better pay

From Morning Report, 6:21 am on 22 September 2023

Auto workers in the US are striking for better pay - and it might have unexpected consequences for the future of electric vehicles.

The United Auto Workers union is struggling to reach a deal with the automakers General Motors,

Stellantis and Ford, and 12,000 of its members have walked out at different sites.

The union represents almost 150,000 workers, and strikes may escalate if it can't reach an agreement with employers.

The strike comes as the "big three" car manufacturers tool up to try and snatch a share of the electric vehicle market from Tesla.

Wedbush Securities senior equity analyst Daniel Ives spoke to Ingrid Hipkiss.