The Zacks Analyst Blog Highlights: General Motors, LKQ, Tesla, Volkswagen And AutoZone
Zacks Investment Research | Oct 10, 2019 11:42PM ET
For Immediate Release
Chicago, IL –October 11, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors (NYSE:GM) , LKQ Corporation (NASDAQ:LKQ) , Tesla (NASDAQ:TSLA) , Volkswagen (DE:VOWG_p) AG (OTC:VWAGY) and AutoZone, Inc. (NYSE:AZO) .
Here are highlights from Thursday’s Analyst Blog:
Auto Stock Roundup: GM, LKQ, TSLA and More
United Auto Workers’ (“UAW”) nationwide strike against General Motors has completed its 24th day. Investors seem to be losing patience, as shares of the top U.S. automaker plunged nearly 9% since the start of the strike. Vehicle production has been ceased across all the North American plants of the company due to the strike. The strike was called after the company’s four-year contract with workers expired on Sep 15 without any agreement on replacement. Notably, this marks the first major work stoppage at General Motors in the last 12 years and the longest national strike in the United States since 1970.
With nearly 50,000 employees in the UAW union carrying picket signs, negotiations between the union’s office and the automaker’s board appear to have hit a snag. As the strike enters the fourth week, the negotiating parties are still at loggerheads regarding wages and retirement benefits. While the UAW wants to lock in more guaranteed wage increases during the four-year labor contract, the company is insisting on paying workers lump-sum bonuses that are based on sales and do not raise long-term labor costs.
(Read the Last Auto Stock Roundup Zacks Investment Research
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