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Long GM strike could cost billions if prolonged
UAW strike at GM could cost the automaker billions if it lasts more than a week or two, analysts warn. A two week strike would spare cash and improve inventories, but longer action could burn through about 8.1 billion in month one and 7.2 billion in month two, barring production in Mexico or Canada. GM faces tight supply on new Enclave, Acadia, Outlook models even with large stock, while owners seek job security and retiree health care terms.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
General Motors Corp
Lehman Brothers
Brian Johnson
Mexico
Canada
Johnson
Tom Libby
J.D. Power and Associates
Buick
GMC Acadia
Saturn
Libby
Paul Taylor
National Automobile Dealers Association
Teamsters Transportation Union
UAW
CSM Worldwide
Northville
CSM
U.S
Gettelfinger
VEBA
David Cole
Ford Motor Co
Chrysler LLC