Shares of General Motors, Ford, and Stellantis were down in premarket trading, but gained strength as the day wore on.
The United Auto Workers strike is bringing a blue-collar versus billionaire battle to Detroit, just as UAW President Shawn Fain wanted.
The strike by United Auto Workers against the Big 3 carmakers is sparking a broader worry among stock-market investors over the outlook for corporate profits.
The profitability of China's traditional automakers has declined as the number of electric cars has grown.
Diane Swonk, chief economist at KPMG, joins 'The Exchange' to discuss the fallout a UAW strike could have on employment data, China's growth as a global exporter of electric vehicles, and shifting pro
UAW President Shawn Fain has become the X factor in the striking autoworkers' pursuit of increased pay and benefits, injecting a level of chaos into negotiations that neither the automakers nor the Wh
CNBC's Phil LeBeau joins 'The Exchange' to discuss the first day of the UAW strike, when we expect to see negotiations start and come to a close, and how a UAW strike will impact the Big 3 automakers.
The United Auto Workers union is officially on strike against the big three Detroit automakers Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Stellantis NV (NYSE:STLA, EPA:STLA). 
General Motors' Mexican plants will continue operating as normal despite strike action by U.S. union workers, the company said in a statement on Friday.
Ford Motor Co.'s and General Motors Co.'s stocks were higher Friday as workers kicked off a strike, but their bonds have been under selling pressure for some time.
President Joe Biden addresses the UAW workers decision to strike, the value unions have on the economy, and the need wealth to be fairly distributed among employees and employers.
The strike tests Biden's political platform as he seeks an endorsement from the UAW.
President Joe Biden stressed that workers should be fairly compensated as auto companies make record profits.
"The auto workers are being sold down the river by their leadership, and their leadership should endorse Trump," the GOP frontrunner said.
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