The brokerage has assumed the strike by the United Auto Workers (UAW) union, currently in its 26-day, to last until Oct. 21. GM, which likely lost production of about 100,000 vehicles in the third quarter, is at the risk of losing another 170,000 vehicles in the current quarter, the brokerage said, with the impact spreading to some of GM’s facilities in Mexico and Canada that receive parts from its U.S. factories. “While investors may look through the one-time impacts…the strike reminds us of the challenge of investing in OEMs at this point in the cycle,” analyst Dan Levy …read more
Source:: Yahoo Finance
