General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs, Reuters reports. The mounting costs of the United Auto Workers strikes, and the eventual rich contract settlements, are putting those plans at risk, analysts said. "Reduction in capital spending, delayed EV targets, greater sharing of costs, and other changes to the corporate 'portfolio' could be on the horizon," Morgan Stanley analyst Adam Jonas told clients in an Oct. 12 note. GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. GM has already telegraphed a $200 million hit to third quarter profits from strike-related costs.
