- A surge in UAW strikes threatens to disrupt auto production at GM, Ford, and Stellantis. - The labor union has rejected the automakers' wage increase offers, demanding a 36% hike instead. ➡️ In premarket trading on Friday, General Motors Company’s shares have dipped by 0.4%, following a 1.5% decline on Thursday. Ford’s premarket performance is stable, after falling a 1.3% drop the previous day. Stellantis saw a 0.6% increase in its premarket trading. ➡️ On Thursday, the First Trust Nasdaq Transportation ETF, which comprises not only the three Detroit automakers but alsoTesla Inc., fell by 1.6%, hitting the lowest levels since mid-June 2023.First Trust Nasdaq Transportation ETF Chart . . #uawstrike #stockmarket