ubs group: There is a huge potential risk of a strike at volkswagen.
If Volkswagen autoworkers go on strike next month, some automotive suppliers will face even tougher conditions. UBS Group analysts stated in a research report that for investors in North American automotive suppliers, the risks of a Volkswagen strike are mostly unknown: suppliers with global business operations may face significant potential shutdown risks. They pointed out that companies such as Gentex, Mobileye Global, and Magna receive over 10% of their revenue from Volkswagen. Volkswagen and IG Metall union failed to reach an agreement in the third round of negotiations, and according to previous reports, the union may go on strike starting in December.
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