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GM Jun 2025 50.000 put
| Previous close | 16.00 |
| Open | 16.00 |
| Bid | 16.70 |
| Ask | 17.15 |
| Strike | 50.00 |
| Expiry date | 2025-06-20 |
| Day's range | 16.00 - 16.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 49 |
- Yahoo Finance Video
Two reasons why this UAW strike could be 'tougher' to resolve: Fmr. car czar Steven Rattner
Autoworkers have expanded their strikes against General Motors (GM) and Ford (F). The strike against Stellantis (STLA) continues, but it was not expanded because progress has been made in negotiations. Willett Advisors Chairman and CEO Steve Rattner, who also served as the head of former President Obama's Auto Task Force, says this strike may be "tougher" to resolve than others that have been seen in the past. Rattner gave two reasons why: that it's being played out in public and that the UAW has some demands that are "not possible for the companies to comply with." Some of those demands that may be hard for the automakers to deliver, Rattner says, are working 32 hours/week but being paid for 40 hours, the return of defined benefit pension plans, and improving retiree health care benefits. Both President Joe Biden and former President Donald Trump visited the Detroit area this week. Rattner says those visits hurt the ability to get a deal done, saying it "enflames" the situation." Rattner argues that Biden was "egged on" by Trump to visit the striking workers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
UAW strike extended, United pilot contracts, NYC flooding: Top Stories
Autoworkers have expanded their ongoing strike against Ford (F) and General Motors (GM). The strike against Stellantis (STLA) was not expanded due to progress being made in negotiations. United Airlines (UAL) has successfully negotiated a deal with its pilot union, securing a pay raise of up to 40% over four years. United is the last of the major airlines to reach a deal with pilots amid the industry shortages. A flood watch is in effect for 23 million people in New Jersey, New York, and Connecticut. Ongoing rain and flash floods are causing closures of various roads and subways in New York City. Yahoo Finance's Julie Hyman breaks down today's top stories.
- Yahoo Finance Video
UAW expands strikes: Ford, GM, EV market impact
United Auto Workers (UAW) President Shawn Fain announced plans today to expand the ongoing strike against two of the Big Three automakers — Ford (F) and General Motors (GM) – with 7,000 additional workers to join the walkout. Yahoo Finance spoke to experts across the automotive industry to break down the implications for Ford, GM, Stellantis (STLA), as well as the EV market. Yahoo Finance Autos Reporter Pras Subramanian explained the latest strikes by the UAW in detail, which will affect GM's Lansing Delta Township Assembly plant and Ford's Chicago Assembly plant. Subramanian said, "We've seen estimates that every week that this goes on, $100-200 million is getting evaporated for the Big Three." Wedbush Managing Director Dan Ives views a prolonged UAW strike as a "horror show" for the EV market. Ives said, "And for the Street, it's not about the next quarter or two, it's about what this does to the EV strategy ... If they accept this deal, GM and Ford, I believe this would significantly impair their EV strategy for decades to come." David Undercoffler, Autolist Editor-in-Chief, also discussed the implications for the EV market. Undercoffler said, "These are much simpler machines than gas-powered vehicles. It's much easier to produce those and to assemble them ... but right now this is more about wages." Autoblog Editor-In-Chief Gregory Migliore broke down the potential impact of the expanding UAW strike on sales. Migliore said, "There really hasn't been a lot of time for the impact to be felt right on the bottom lines for the metrics we're going to look at." Willett Advisors Chairman and CEO Steven Rattner discussed the implications of the UAW strike and why the Big Three automakers are fighting so hard. Rattner said, "I'm very sympathetic to the workers. They have not gotten the kind of increases they need to keep up with inflation, but manufacturing is a very different space than driving a UPS truck or flying an American Airlines plane." Video highlights: 00:00:20 - Yahoo Finance Autos Reporter Pras Subramanian 00:00:49 - Wedbush Managing Director Dan Ives 00:01:24 - Autolist Editor-in-Chief David Undercoffler 00:01:42 - Autoblog Editor-In-Chief Gregory Migliore 00:02:03 - Willett Advisors Chairman and CEO Steven Rattner
