General Motors shares have historically recouped strike-induced losses after a deal is reached, but this time may be unique.
General Motors shares have historically recouped strike-induced losses after a labor agreement is reached, but this time might be different as the stakes are much higher for the automaker, according to Barclays. GM, led by CEO Mary Barra, tends to be the U.S. automaker most affected by strikes, historically speaking. During past work stoppages, GM has experienced 94% of total lost worker days among the Big Three U.S. auto manufacturers, Barclays said.
GM YTD mountain General Motors However, this year's strike by the United Auto Workers could turn out to be a costly and protracted showdown for GM, which may result in continuous underperformance for the stock, Barclays said. "For the current UAW negotiations, we believe the ultimate agreement that is struck will be more critical in dictating post-resolution performance than is typical," Barclays auto analyst Dan Levy said.
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