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The walkout by workers came after Canadian union Unifor said GM was "stubbornly refusing" to match the contract the labor union reached with Ford Motor (F.N), which offered wage increases of up to 25% in Canada. The walkout adds to the headache faced by the automaker in the U.S. where it is racking up millions of dollars in losses per week due to the United Auto Workers (UAW) strike that started Sept. 15. GM has lost 34,176 vehicles of production since the start of the UAW strike, according to an estimate by Deutsche Bank. GM has laid off 2,300 U.S. workers due to the impacts of the UAW strike. At the Oshawa plant, workers build Chevrolet Silverado trucks, one of GM's most profitable models, while the plant's stamping operations supply various parts for GM North America.

Persons: Mark Blinch, Unifor, Lana Payne, Wells Fargo, Shivansh Tiwary, Jyoti Narayan, David Shepardson, Jamie Freed, Arun Koyyur, Mark Potter Organizations: General Motors, REUTERS, General, Ford Motor, GM, Detroit Three, Unifor, United Auto Workers, UAW, Deutsche Bank, St, Chevrolet, Chevrolet Silverado, GM North America, Oshawa, Catharines, Ford, Chrysler, Thomson Locations: Oshawa, Canada, U.S, United States, St, Catharines, Woodstock, CAMI, Ingersoll , Ontario, St . Catharines, Bengaluru, Washington

Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. GM has lost 34,176 vehicles of production since the start of the UAW strike in September, according to an estimate by Deutsche Bank. At the Oshawa plant, workers build light- and heavy-duty Chevrolet Silverado trucks, one of GM's most profitable models, while the plant's stamping operations supply various parts for GM North America. Unifor has used the "pattern bargaining" approach in its talks, reaching a deal first with Ford and then expecting GM and Stellantis to match. Unifor represents about 18,000 workers at the Canadian facilities of Ford, GM and Chrysler parent Stellantis (STLAM.MI).

Persons: Mark Blinch, GM, Lana Payne, Unifor, Shivansh Tiwary, Jyoti Narayan, Christian Schmollinger, Jamie Freed, Arun Koyyur Organizations: General Motors, REUTERS, General, U.S, Ford Motor, GM, Detroit Three, Unifor, United Auto Workers, UAW, Deutsche Bank, St, Chevrolet, Chevrolet Silverado, GM North America, Ford, Chrysler, Unions, Thomson Locations: Oshawa, Canada, U.S, St, Catharines, Woodstock, CAMI, Ingersoll , Ontario, St . Catharines, Bengaluru

Fain also wants workers at the plants to make top UAW assembly plant wages, which now are $32 per hour. Political Cartoons View All 1205 Images“The battery plants are going to be the make-or-break issue,” said Sam Abuelsamid, a mobility analyst for Guidehouse Insights. And if lower-paying battery plants aren't union, workers won't have anywhere to get the same wages and benefits. But they also see a future where buyers could switch, and they think wages at the battery plants should match what they make. The UAW, he said, will use this to try to organize other Korean-owned battery plants.

Persons: WAYNE, Shawn Fain's, Stellantis, they'll, Fain, ”, Sam Abuelsamid, It’s, festering, Ford, Jim Farley, “, ” Fain, Farley, Mary Barra, Chris Jedrzejek, Jedrzejek, Todd Lauerman, “ it’s, ” It's, Abuelsamid, let's, Harry Katz, Katz, Marick, Masters Organizations: Ford, United Auto Workers, EV, General Motors, Detroit, UAW, Korean, Guidehouse, GM, Carnegie Mellon University, Bronco, Toyota, Cornell University, “, Wayne State University Locations: Mich, Detroit, U.S, Kentucky, Tennessee, Michigan, Ford, Korean, Wayne , Michigan, Ohio, South Bend , Indiana

☆ CarMax CEO on UAW strike: It's too early to tell how it will affect used-car market
▼ + stars: | 2023-10-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarMax CEO on UAW strike: It's too early to tell how it will affect used-car marketCarMax CEO Bill Nash joins 'Mad Money' host Jim Cramer to talk vehicle affordability, inflations impact on the used car market and rising rates.

Persons: It's, Bill Nash, Jim Cramer Organizations: UAW

☆ Every type of used car is getting cheaper except trucks
▼ + stars: | 2023-10-10 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

The used car market took off during the COVID-19 pandemic. As of last month, used pricing had declined nearly 4% year-over-year, according to Cox Automotive's latest Manheim Used Vehicle Index, with one exception: Trucks. Overall, despite slight improvements in the used car market from 2020 and 2021, supply remains tight for used cars today, according to Cox, and is tighter than this same point both last year and pre-COVID. Used car dynamicsThe pandemic broke the used car market, and there is no "normal" for this market to return to. The ongoing UAW strike could also eventually threaten used car prices.

Persons: —, Cox, That's, It's, Chris Frey Organizations: Service, Manheim, UAW

☆ CarMax CEO Bill Nash discuss UAW strike effect, inflation and used car prices
▼ + stars: | 2023-10-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

CarMax CEO Bill Nash discuss UAW strike effect, inflation and used car pricesCarMax CEO Bill Nash joins 'Mad Money' host Jim Cramer to talk vehicle affordability, inflations impact on the used car market and rising rates.

Persons: Bill Nash, Jim Cramer Organizations: UAW

☆ CarMax CEO says it's 'a little early' to see how the UAW strikes will impact business
▼ + stars: | 2023-10-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CEO of used-car retailer CarMax , Bill Nash, told CNBC's Jim Cramer it's "a little early" to tell what effect the United Autoworkers Union strike will have on his company's business. "I think as far as the UAW strike [is concerned], it's a little early to tell the impact it's going to have on the business — you know, it really depends on how long it goes, and if there's going to be an expansion," Nash said. The UAW began its strike on three Detroit automakers — Ford Motor , Stellantis and General Motors — last month. CarMax will continue to monitor the strike, Nash said, but added so far it hasn't played into the overall industry. Nash also discussed how inflation and high interest rates are affecting customers looking to buy both newer and older models.

Persons: Bill Nash, CNBC's Jim Cramer it's, Nash, Motors —, CarMax, hasn't Organizations: United Autoworkers Union, UAW, Detroit, Ford

☆ Canadian autoworkers go on strike at GM plants
▼ + stars: | 2023-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

But the plants that are on strike could affect GM’s US operations, because its engines and transmissions are used in vehicles built here. GM already is dealing with a strike by the United Auto Workers union at two of its US assembly plants and a strike of 18 parts distribution centers across 20 states. The UAW is also on strike against plants at GM rivals Ford and Stellantis, which builds cars under the Jeep, Ram, Dodge and Chrysler names. GM had already disclosed that it lost $200 million in the first two weeks of the UAW strike, which began on September 15. The UAW remained on strike at the GM plants where its members had already walked out.

Persons: “, ” Unifor, Shawn Fain Organizations: New, New York CNN, General Motors, Ford, Silverado, GM’s, United Auto Workers, UAW, GM, Jeep, Dodge, Chrysler, EV Locations: New York, Canada, Oshawa , Ontario, St . Catharines , Ontario, GM’s CAMI, Ingersoll , Ontario, Flint , Michigan, Fort Wayne , Indiana

☆ GM is shaping up to be the hardest hit by the UAW strike
▼ + stars: | 2023-10-08 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +6 min

GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.

Persons: —, Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

☆ UAW Strike Enters Fourth Week, Companies Brace for More Walkouts
▼ + stars: | 2023-10-06 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: uaw

A video address by Fain is scheduled for 2 p.m. EDT (1800 GMT) and will cover substantive bargaining updates, people familiar with the UAW's plans said. In the UAW version, the winner offers richer contract terms, and gets a week without a new strike. Fain's Friday video addresses have become must-see events since he launched coordinated strikes at GM, Ford and Stellantis plants shortly after midnight on Sept. 15. So far, the union has ordered walkouts at five assembly plants and 38 parts depots operated by GM and Stellantis. Last Friday, Fain called off a strike planned at one of Stellantis' assembly plants after the automaker delivered new proposals minutes before the scheduled start of his talk.

Persons: Shawn Fain, Fain, Tesla, Elon, Ford, walkouts, Joe White, Matthew Lewis Organizations: DETROIT, United Auto Workers, Detroit Three, Detroit, Detroit automakers, Facebook, UAW, General Motors, Ford Motor, Chrysler, GM, Ford, Reuters Graphics Reuters, Thomson Locations: Detroit

☆ You can't have a negotiation and not talk about competitive realities: Fmr. Ford CEO Mark Fields
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou can't have a negotiation and not talk about competitive realities: Fmr. Ford CEO Mark FieldsMark Fields, former Ford president and CEO, joins 'Squawk Box' to discuss the state of negotiations in the UAW strike, the financial impact on automakers and auto suppliers, and more.

Persons: Mark Fields Mark Fields Organizations: Ford, UAW

☆ Public spats, layoffs, and new offers: The UAW strike is heating up in week 3
▼ + stars: | 2023-10-06 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

GM, Ford, and some suppliers are resorting to layoffs. AdvertisementAdvertisementThe ripple effects of the UAW's unprecedented strike at Ford, GM, and Stellantis are getting wider as the work stoppages stretch through a third week. The UAW responded on X, formerly known as Twitter, saying that the CEO had not attended bargaining that week. The impact of lost production is also affecting suppliers now, with the vehicle-suppliers association MEMA reporting about a third of suppliers have issued layoffs due to the UAW strike. Fain is scheduled to address UAW members in a livestream Friday afternoon, a platform he's previously used to expand the strike when he's unhappy with the pace of negotiations.

Persons: Shawn Fain, —, Jim Farley, Mary Barra, Fain, Barra, Farley, Ford, axel, Stellantis, he's Organizations: Detroit, UAW, GM, Ford, Service Locations: Chicago, Lansing , Michigan, Detroit, Michigan, Parma , Ohio

☆ UAW strike enters fourth week: Where things stand
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW strike enters fourth week: Where things standTom Narayan, European autos and commercial truck analyst at RBC Capital Markets, and Ann Marie Uetz, partner and trial attorney with Foley, join 'Power Lunch' to discuss the latest with the UAW strike and where it's headed.

Persons: Tom Narayan, Ann Marie Uetz, Foley Organizations: UAW, RBC Capital Markets

☆ UAW Strikes Spare Automakers From Financial Pain—for Now
▼ + stars: | 2023-10-05 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/autos/uaws-strike-strategy-lots-of-attention-muted-financial-pain-for-now-a18aa0d9

Persons: Dow Jones

☆ MEMA's Julie Fream on UAW strike: Suppliers will be in a very difficult situation by mid-October
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMEMA's Julie Fream on UAW strike: Suppliers will be in a very difficult situation by mid-OctoberJulie Fream, MEMA Original Equipment Suppliers president and CEO, joins "Squawk Box' to discuss the ripple effects from the UAW strike, as a new survey from the Motor Equipment and Manufacturing Association (MEMA) shows nearly 30% of the surveyed suppliers laid off employees and 60% expect to begin layoffs as soon as next week.

Persons: Julie Fream Organizations: UAW, Motor Equipment, Manufacturing Association

☆ Jim Cramer says Ford may eventually look to shift some production to Mexico amid UAW strike
▼ + stars: | 2023-10-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

As the United Auto Workers strike against the Detroit Big 3 persists, CNBC's Jim Cramer said Thursday he believes Ford (F) may eventually consider shifting additional production to Mexico. "There is some movement between Ford and the UAW," Cramer said on "Squawk on the Street." However, Cramer said, "I have a feeling that, if they don't come to the table soon, Mexico will be in play." Cramer suggested that could occur within "a couple of weeks," while noting Ford already has assembly plants south of the border. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free.

Persons: CNBC's Jim Cramer, Ford, Cramer, Dan Barbossa, Barbossa, Jim Cramer's, Jim Farley Organizations: United Auto Workers, Detroit, Ford, UAW, Cramer's Charitable Trust, CNBC, Club, General Motors, Chrysler Locations: Mexico, Cramer's, U.S

☆ The price of steel is falling as the UAW strike hits demand
▼ + stars: | 2023-10-05 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The UAW strike's ripple effects is decreasing the demand for steel, the Journal reported. The strike has cut production of 6,030 vehicles a day that used 5,982 tons of steel, S&P estimates. AdvertisementAdvertisementThe UAW strike is hitting more than just car production and distribution. AdvertisementAdvertisementAccording to the American Iron and Steel Institute, steel currently makes up about 54% of the material that goes into making the average vehicle. But with workers on strike are 43 facilities across the country, that's bound to slow demand for steel.

Persons: —, Ford Organizations: UAW, Service, Big Three, Anderson Economic, Wall Street, American Steel, Iron and Steel Institute, General Motors

Here's a rundown of some of the largest strikes taking place in the U.S. today. 75,000 Kaiser Permanente workers walk off the jobPolitical Cartoons View All 1199 ImagesIn the health care sector, a major strike kicked off this week — with some 75,000 Kaiser Permanente workers walking off the job Wednesday in multiple states. Doctors are also not participating in the strike, and Kaiser said it was bringing in thousands of temporary workers. After five months on the picket lines, the writers strike was declared over after their union approved a contract agreement with studios last week. During the staggered strikes, workers have also called for solidarity and a boycott of hotels in the Los Angeles area.

Persons: — It's, isn't, Johnnie Kallas, Michelle Gaskill, Hames, Kaiser —, Kaiser, Ford, Shawn Fain, Fain, —, Hilton —, walkouts Organizations: Cornell University’s Labor, Kaiser Permanente, Strikers, The Coalition, Kaiser Permanente Unions, Kaiser, UAW, United Auto Workers, General Motors, Stellantis, Associated Press, Ford, U.S, Hollywood, American Federation of Television, Radio Artists, Alliance, Television Producers, Marriott, United, Biltmore, —, Westin Bonaventure Hotel Locations: U.S, Hollywood, California , Colorado , Oregon, Washington, Virginia, The Oakland , California, Southern California, Los Angeles, Orange, Biltmore Los Angeles

☆ Tyranny of the 10-year Treasury yield: Is Big Tech about to get a major valuation reset?
▼ + stars: | 2023-10-05 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That's the key question all investors need to be asking themselves as the 10-year Treasury yield reaches 16-year highs. The 10-year Treasury yield, while taking a breather Wednesday, shot up this week to 4.8%, its highest level since 2007. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Warren Buffett, Baron Rothschild, Kevin McCarthy, they've, it's, opportunistically, Jensen Huang, Jim Cramer's, Jim Cramer Rob Kim Organizations: Treasury, Apple, Bulls, Federal Reserve, GOP, California Republican, U.S, AAA, U.S ., Nvidia, Club, Microsoft, Charitable Trust, CNBC, UAW Locations: California

☆ GM's stock hits three-year low amid UAW strike, potential air bag recall
▼ + stars: | 2023-10-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Since the UAW union's targeted strikes began Sept. 15, shares of the Detroit automaker have fallen by about 10%. The stock closed Thursday at $30.31 a share, down by 2.4%. The potential recall of roughly 52 million air-bag inflators from Tennessee-based auto supplier ARC Automotive had been reported about previously, but the number of affected GM vehicles had not. The National Highway Traffic Safety Administration held a public meeting Thursday on its determination that the air-bag parts are defective and should be recalled, according to the report. Automakers, including GM, have until later this year to file responses on the matter.

Organizations: DETROIT, Motors, United Auto Workers, UAW, Detroit, Street, ARC Automotive, Traffic Safety Administration, GM Locations: Tennessee

UAW President Shawn Fain plans to update the union's 150,000 members at Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) on Friday, a person briefed on the union's plans said. In addition to Ford, talks with Chrysler parent Stellantis (STLAM.MI) and other automakers and the UAW have been active in recent days, sources said. Ford Chief Financial Officer John Lawler said Friday the automaker's retirement offer would assure UAW workers could retire with $1 million in savings. The targeted strike against the Detroit Three automakers began on Sept. 15 and is now in its 20th day. Rival Ford Motor (F.N) secured a $4 billion line of credit in August, ahead of the Sept. 14 UAW contract expiration.

Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, John Lawler, Paul Jacobson, JP Morgan, Joe White, David Shepardson, Mark Porter, Nick Zieminski, Matthew Lewis, Anna Driver Organizations: General Motors, REUTERS, Rights, United Auto Workers, Ford, Detroit Three, Wednesday, UAW, Chrysler, Detroit automakers, GM, CNBC, Citibank, Chevrolet, GMC, GMC Yukon, Cadillac, Motor Equipment Manufacturers Association, Thomson Locations: Detroit , Michigan, U.S, Wentzville , Missouri, Kansas, Ohio, Indiana, Detroit

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 4 (Reuters) - Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers' (UAW) strike against the "Detroit Three" and higher interest rates. Production at General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI) have taken a beating as the UAW strike headed into the 20th day. "The redemption of ~20% of the (First Trust) ETF's net assets in mid-September could have been related to the UAW strike, although it's tough to say with certainty." The $1.02 billion Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL.O) saw its first month of outflows in four.

Persons: Rebecca Cook, Bryan Armour, that's, Todd Sohn, Bansari Mayur, Anil D'Silva Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, Exchange, United Auto Workers ', General Motors, Ford, Chrysler, Nasdaq Transportation, North America, Morningstar, JPMorgan, GM, X Autonomous & Electric Vehicles, Trust, Global, Strategas Securities, Thomson Locations: Delta Township, Michigan, Bengaluru

☆ GM secures new $6 billion credit line as UAW strike costs reach $200 million
▼ + stars: | 2023-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. The targeted strikes already cost the automaker $200 million during the third quarter, GM said Wednesday. A GM spokesman said the $200 million strike cost is due to lost production on wholesale volume, largely due to the UAW's initial Sept. 15 strike at GM's midsize truck and full-size van plant in Wentzville, Missouri. The strike has since expanded to GM's parts and distribution facilities nationwide and, as of last Friday, a crossover plant in mid-Michigan. As a result of the strike in Missouri, GM also idled its Fairfax Assembly Plant in Kansas, where it builds the Cadillac XT4 SUV and the Chevrolet Malibu sedan, and laid off nearly 2,000 workers.

Persons: General Motors, Paul Jacobson, CNBC's Phil LeBeau, Mary Barra, Jim Farley, Shawn Fain, Fain Organizations: DETROIT, General, United Auto Workers, UAW, GM, Fairfax Assembly Plant, Chevrolet Malibu, Ford Motor, Ford, Chrysler Locations: Wentzville , Missouri, Michigan, Missouri, Fairfax, Kansas

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