"UAW Strike Threatens Ford F-150 Production and Prices: Impact on Car Prices and Union Negotiations"

The United Auto Workers (UAW) may go on strike if a new contract is not reached with Ford, General Motors, and Stellantis by September 14. If the entire UAW goes on strike for 10 days, it could cost the U.S. economy $5 billion. One potential tactic discussed is a targeted strike at certain UAW factories, including those producing engines and transmissions for the popular Ford F-150 pickup truck. This could create an asymmetry in damages for the automaker. However, targeting the F-150 comes with risks as pickup truck owners tend to be loyal. A strike could lead to higher prices in the new and used vehicle market, impacting workers, manufacturers, and the broader auto industry. While the strike's impact on the economy is significant, it is not expected to cause a recession.