GM hit by $1 billion strike costs as Mexican plants shut
Detroit The 16 day auto workers strike costs GM about $1 billion, with a Mexican parts shortage forcing shutdowns at Silao truck and transmission plants affecting 6,000 workers. JP Morgan analyst Ryan Brinkman notes daily losses of about $82 million and says production could rebound in Q4 only for high demand models like the Silverado and Sierra.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Mexico
Dan Flores
Silao
JP Morgan
Ryan Brinkman
U.S
Canada
Brinkman
Kristin Dziczek
Center For Automotive Research
Ann
Arbor
Michigan
Dziczek
Change and Close Report Amid Market Tumble
Market update shows NASDAQ at 7,908.68 with a drop of 343.79 points or 4.15 percent. The same session data records a decline of 90.65 points closing at 26,573.04, reflecting broad selling and risk-off sentiment across major indices.
MENTIONED IN THIS ARTICLE
BMY
Bristol-Myers Squibb
CMS Energy Corp
CMS
Chemical Financial Chfc
FITE
Fifth Third Bancorp
Ford Motor Company
General Electric GE
GNTX
Gentex Corp
Huntington Banc Hban Ilinois Tool Works Inc
ITW
Johnson Controls Jci
MCBC
Macatawa Bank Corp
Magna International Mga
Mercantile Bank Corp Mbwm
Herman Miller, Inc. Mlhr
Mpany. Ney
Pfins
Michigan gas prices drop 12 cents from last week
Gas prices in Michigan fell 12 cents as of Monday, per the Auto Club Group. Drivers now pay about $2.62 per gallon, three cents below last month and 37 cents under this time last year, with prices stabilizing as winter blend gasoline is produced. Adrienne Woodland of AAA notes continued declines possible.
MENTIONED IN THIS ARTICLE
Michigan
Auto Club Group
Energy Information Administration
Adrienne Woodland
AAA
The
Ex-officer Amber Guyger found guilty in Botham Jean death
White former Dallas officer Amber Guyger was convicted of murder for fatally shooting unarmed Black neighbor Botham Jean in 2018 after claiming she confused his apartment for her own. Jury now weighs 5 to 99 year sentence amid emotional testimony from Jean family.
MENTIONED IN THIS ARTICLE
Dallas
Amber Guyger
Botham Jean
Guyger
Jesus
Black Lives Matter
Jean
St. Lucia
Allison Jean
Pompeo and Dems clash over impeach inquiry actions
Washington confrontation grows as Pompeo accuses Democrats of intimidation while House chairmen warn such moves risk obstruction. The state secretary seeks to delay five officials from testifying, even as depositions are scheduled for Kurt Volker and Marie Yovanovitch. The clash follows a whistleblower report about Trump’s July call with Ukraine’s Zelenskiy.
MENTIONED IN THIS ARTICLE
Washington
Trump
Congress
House
Secretary of
Mike Pompeo
Donald Trump
Ukraine
Kurt Volker
U.S
Marie Yovanovitch
Volodymyr Zelenskiy
State Department
Adam Schiff
Intelligence Committee
Eliot Engel
Foreign Affairs
Elijah Cummings
Court clears path for state net neutrality laws clash
A federal appeals court affirmed the FCC repeal of national net neutrality rules while allowing states and localities to bar service providers from biasing traffic. California’s strong data privacy law and other state efforts face case by case challenges.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
California
Facebook
Google
Amazon
Congress
FCC
Obama
Trump
U.S. Court of Appeals
District of Columbia
Ryan Singel
Center For Internet and Society
Stanford Law School
Lyons
At&t
Comcast
Verizon
Also Mentioned on This Page
United Auto Workers
General Motors Orion Assembly
Orion Township
Mich
Paul Sancya
Pompeo
Demi
Joe Biden
Biden
Hunter
Shawn
Secretary
Rep
D-N.y
House Foreign Affairs Committee
Wayne Partlow
Associated Press
Daniel Lyons
Boston College Law School
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