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You are here: Home / News / Fitch Ratings Says US Vehicle Manufacturers Have Enough Liquidity to Withstand Extended UAW Strikes

Fitch Ratings Says US Vehicle Manufacturers Have Enough Liquidity to Withstand Extended UAW Strikes

September 18, 2023 By CollisionWeek Editor Leave a Comment

While the ratings agency believes both manufacturers and the union want to resolve the strike quickly, the gap between compensation offers and union demands will make that difficult.

U.S. vehicle manufacturers (OEMs) have sufficient liquidity for their ratings to withstand an extended strike by members of the United Auto Workers (UAW), according to Fitch Ratings. However, a work stoppage lasting several months could result in liquidity erosion that could pressure credit profiles, particularly if it results in a widespread shutdown of the OEMs’ U.S. manufacturing facilities.

Fitch said it believes the OEMs and the UAW are interested in resolving the

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Filed Under: News Tagged With: Fitch, Ford, General Motors, Stellantis, Strike, United Auto Workers

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