General Motors beat Wall Street's third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Workers ...
GM has been navigating ongoing strikes by the United Auto Workers after the union and Detroit automakers failed to reach labor deals by a Sept. 14 deadline.#cnbc #Articles #StellantisNV #FordMotorCo #Personnel #Laboreconomy #Detroit #BreakingNews:Earnings #Earnings #GeneralMotorsCo #Business #Transportation #Autos #BreakingNews:Business #PaulJacobson #MaryBarra #US:News #AutomobilesandComponents #Manufacturing #BusinessNews #source:tagname:CNBCUSSource
GM tops Q3 expectations but pulls full-year guidance due to mounting UAW strike costs
A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 ...
A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that. That's according to the company’s chief financial officer.#GeneralMotorsCo #PaulJacobson #UnitedAutoWorkers #Strikes #Productionfacilities #Generalnews #GeneralMotorsnetincomestrikelosses
Autoworkers strike cuts into GM earnings, company sees further loses if walkouts linger
A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that. That's according to the company’s chief financial officer. And those figures just include factories that are on strike now by the United Auto Workers union. So if more plants are added, the losses will pile up further, CFO Paul Jacobson told reporters. His statements came as GM reported Tuesday just over $3 billion in net income from July through September, a figure that was 7% below a year ago due to lost production from the strike and increased warranty costs. But the results soundly beat Wall Street estimates.
General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. The ...
The new line of credit is "prudent" to bolstering GM's balance sheet amid expectations that the union may expand and prolong strikes against the company.#cnbc #Articles #BreakingNews:Business #Autos #Transportation #Business #GeneralMotorsCo #MaryBarra #Detroit #FordMotorCo #Laboreconomy #PaulJacobson #StellantisNV #Personnel #US:News #AutomobilesandComponents #Manufacturing #BusinessNews #LaborUnions #source:tagname:CNBCUSSource
GM secures new $6 billion credit line as UAW strike costs reach $200 million
General Strike Now