MEXICO CITY (S&P Global Ratings) Oct. 9, 2019--S&P Global Ratings said today it doesn't expect the United Auto Workers (UAW) strike against General Motors Co. (GM; BBB/Stable/--) to hurt the operations of Mexican auto suppliers Nemak S.A.B. de C.V. (BB+/Stable/--) and Metalsa S.A. de C.V. (BB+/Stable/--) in the next few months. The resolution of this national strike in the U.S., which began on Sept. 15, is pending negotiations on wages, benefits, future product assignments, job security, and temporary workers' status. Although the auto suppliers are significantly exposed to revenue decreases from lower production destined for GM, we believe this wouldn't immediately lead to a slowdown in their operations. These companies either have continued with their ongoing production and distribution to
