One Reason Volkswagen (VLKAY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Volkswagen (VLKAY) are down 1.62% to $44.71 on very heavy trading volume as the United Auto Workers union proposed to negotiate on behalf of some manufacturing workers at  the automaker's auto assembly plant in Tennessee, despite being rejected in an organizing vote, citing the support of about half the factory's production workforce, the Wall Street Journal reports.

The move comes just months after the UAW narrowly lost an organizing vote that would have given it exclusive bargaining authority over the plant's 1,500 hourly workers, the Journal noted.

Volkswagen had no comment. 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

VLKAY Chart VLKAY data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

If you liked this article you might like

Goldman Sees 'High Probability' of Market Correction: LIVE MARKETS BLOG

Goldman Sees 'High Probability' of Market Correction: LIVE MARKETS BLOG

Worried About the Weak Dollar? Look at These Euro-Exposed Stocks

Worried About the Weak Dollar? Look at These Euro-Exposed Stocks

U.S. Stock Futures Turn Lower, Fall Off Record-Setting Pace

U.S. Stock Futures Turn Lower, Fall Off Record-Setting Pace

Forget Tesla, Volkswagen Is the Automaker Stock I Love

Forget Tesla, Volkswagen Is the Automaker Stock I Love

No Thanks Ford and GM, I'll Drive Myself in a Lamborghini Aventador

No Thanks Ford and GM, I'll Drive Myself in a Lamborghini Aventador