Auto Strikes Over, Market Senses Bigger Problems Ahead

Detroit 's Big Three haven’t seen a relief rally because investors are focused on a rocky transition to electric vehicles.

Ford 's estimated impact on margins of about 60-70 basis points isn't too different from what analysts had expected.

Ford plunged 12% Friday to its lowest level since early 2021 .

GM withdrew full-year guidance due to the impact of strikes.

Ford report losing north of $1 billion on issues with product quality.

GM 's autonomous driving unit losing its license in America ’s de facto capital of autonomous driving.

Both companies attempting to talk up future EV prospects amid the weaknesses of the present reality.

To cap it all, they've reenacted that most venerable of Detroit scenes: caving to the UAW .