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Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are bullish and exceed Wall Street’s expectations, it could fuel the union’s main argument that the companies can afford more concessions amid healthy profits — potentially prolonging the work stoppages and contentious talks. But if the companies, which will likely include many caveats in any future comments, are too bearish on guidance or the impact of UAW efforts, they risk scaring Wall Street and denting their already discounted stock prices. GM is expected to report third-quarter earnings of $1.88 per share before the bell Tuesday, while Ford is estimated to report earnings of 45 cents per share after markets close Thursday, according to average estimates compiled by LSEG, formerly known as Refinitiv. While investors will surely note the third-quarter results, the real watcher is expected to be the effects of the UAW strike and negotiations on near-term earnings and longer-term plans of Ford and GM, as well as automaker Stellantis, which the union is also striking. The union will be watching, too. Members of the United Auto Workers, or UAW, Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on Sept. 26, 2023. Patrick T. Fallon | AFP | Getty Images The UAW has consistently used earnings reports and commentary from executives, including GM CEO Mary Barra and Ford CEO Jim Farley, to promote its efforts and collective bargaining. “When you’re in bargaining you want to use every piece of news that’s in your favor…

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Filed under: News - @ October 22, 2023 11:04 am