The stock prices of all three companies experienced an increase following Fain’s announcement. G.M.’s stock closed up approximately 2 percent, Stellantis saw a 3 percent increase, and Ford’s stock rose by 1 percent.
The strike initially began on September 15th, with workers walking out of three plants in Michigan, Ohio, and Missouri. It was later expanded to 38 spare-parts distribution centers owned by G.M. and Stellantis, and additional plants in Chicago and Lansing. As of Friday morning, around 25,000 of the 150,000 U.A.W. members employed by the three companies were participating in the strike.
Peter Berg, a professor of employment relations at Michigan State University, commented on the efficacy of the targeted strikes, stating, “I think this strategy of targeted strikes is working… It has the effect of slowly ratcheting up the cost to the companies, and they don’t know necessarily where he’s going to strike next.”
