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☆ How the UAW's drive to 'end tiers' will change GM
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

The tentative 4-1/2 year deal will pull more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. As at Ford and Stellantis, GM will raise pay for temporary workers and give them a faster path to full-time status and wages. Eliminating tiers of lower-paid UAW workers at the Detroit Three was a top priority for Fain and UAW bargainers. Fain and UAW members would often wear red t-shirts printed with the slogan "End Tiers" at rallies and on picket lines. GM "has been the worst actor" in creating tiers of lower-wage UAW employees within its operations, Booth said in an Oct. 20 video address.

Persons: Shawn Fain, Rebecca Cook, Shawn Fain's, Fain, Mike Booth, Booth, Joe White, Peter Henderson, Josie Kao Organizations: United Auto Workers, REUTERS, Rights DETROIT, General Motors, UAW, GM, Workers, Holdings, Ford, Tesla, Detroit, automaker . Workers, Thomson Locations: Detroit , Michigan, U.S, , Ohio, Stellantis .

☆ UAW’s Six-Week Strike Was Barely a Speed Bump for Jeep’s Hometown
▼ + stars: | 2023-11-02 | by ( Harriet Torry | ) www.wsj.com time to read: 1 min

The United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company is the last of the three Detroit automakers to reach a new tentative labor deal. Photo: Rebecca Cook/ReutersThe city that has been home to Jeep since World War II largely shrugged off a six-week strike that mothballed a hulking factory with thousands of workers. Jeep-maker Stellantis ’s Toledo, Ohio, assembly plant was one of the first to face walkouts when the United Auto Workers strike against that company, Ford Motor and General Motors started on Sept. 15.

Persons: Rebecca Cook, Stellantis ’, General Motors Organizations: United Auto Workers, General Motors, Detroit, Ford Motor, General Locations: Toledo , Ohio

☆ Car Companies Agree to Pay Striking Workers in Unusual UAW Win
▼ + stars: | 2023-11-02 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

The United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company is the last of the three Detroit automakers to reach a new tentative labor deal. Photo: Rebecca Cook/ReutersFord Motor , General Motors and Chrysler-parent Stellantis agreed to pay striking workers for their time on the picket lines, as part of new labor deals reached late last month with the United Auto Workers to end the union’s walkout. The move is an unusual one in the union’s history of negotiating with the car companies, according to people familiar with the talks.

Persons: Rebecca Cook Organizations: United Auto Workers, General Motors, Detroit, Reuters Ford Motor, Chrysler

☆ UAW Deal Shows Unions Are Winning. How Long Will It Last?
▼ + stars: | 2023-11-01 | by ( David Harrison | ) www.wsj.com time to read: 1 min

General Motors was the last of the three Detroit automakers to reach a new tentative labor deal. Photo: Rebecca Cook/ReutersThe United Auto Workers’ tentative deals with Detroit automakers mark the latest union victory in a year of multiplying strikes and sizable gains in a robust labor market. The agreements could embolden other unions to take aggressive approaches to contract negotiations and fuel more strikes in coming months—as long as the economy stays strong.

Persons: Motors, Rebecca Cook Organizations: Detroit, Reuters, United Auto Workers

☆ Toyota Gives 9% Pay Bump to Most U.S. Auto-Factory Workers, Following UAW Gains in Detroit
▼ + stars: | 2023-11-01 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

The United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company is the last of the three Detroit automakers to reach a new tentative labor deal. Photo: Rebecca Cook/ReutersToyota Motor is giving most of its U.S. auto-factory workers a 9% pay bump and shortening the time it takes to reach the maximum pay, a sign that gains made by the United Auto Workers in Detroit are starting to have a ripple effect in other parts of the auto industry. Toyota, whose U.S. factories aren’t unionized, will increase pay for most assembly plant workers from $31.86 an hour to $34.80 an hour, starting Jan 1., a spokesman for the company said Wednesday.

Persons: Rebecca Cook Organizations: United Auto Workers, General Motors, Detroit, Reuters Toyota Motor, Toyota Locations: Detroit, U.S

☆ Pennsylvania Woman Is Awarded $7.1 Million in Damages From Conagra
▼ + stars: | 2023-11-01 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: 1 min

A jury in Illinois ordered Chicago-based Conagra Brands to pay $7.1 million to a Pennsylvania woman who was badly burned when a can of cooking spray caught fire at her workplace kitchen. The woman, Tammy Reese, was working in a kitchen at Hub City Club in Shippensburg, Penn., in May 2017 and using Pam cooking spray when it suddenly “exploded into a fireball, causing burns,” according to the complaint filed in 2019. Ms. Reese suffered second-degree burns on her head, face, hands and arms and spent weeks getting burn care, Ms. Reese’s lawyer, J. Craig Smith, said. The jury ruled in favor of Ms. Reese on counts that included liability, design defect, failure to warn, and negligence and willful and wanton conduct, according to documents filed in Cook County Circuit Court on Monday.

Persons: Tammy Reese, Pam, Ms, Reese, J, Craig Smith Organizations: Brands, City Club Locations: Illinois, Chicago, Pennsylvania, Shippensburg, Penn, Cook County

☆ Tyler Christopher, ‘General Hospital’ Actor, Is Dead at 50
▼ + stars: | 2023-10-31 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: 1 min

Tyler Christopher, an actor best known for his long-running role on the TV soap opera “General Hospital,” has died. A former co-star, Maurice Benard, said on Instagram that Mr. Christopher had died Tuesday morning in his San Diego apartment because of a “cardiac event.” Mr. Christopher’s death was also confirmed by his manager, Chi Muoi Lo. Mr. Christopher won a Daytime Emmy Award in 2016 for best lead actor as Stefan DiMera on “Days of Our Lives,” another soap opera. He is best known for playing Nikolas Cassadine on “General Hospital” from 1996 to 2016, while also appearing in several other TV shows and movies. “Tyler was a sweet soul and wonderful friend to all of those who knew him.”

Persons: Tyler Christopher, ”, Maurice Benard, Christopher, Mr, Christopher’s, Chi Muoi Lo, Stefan DiMera, Nikolas Cassadine, “ Tyler, ” Mr, Benard Organizations: “ Locations: San Diego

☆ Canadian Auto Workers Walk Out on Stellantis
▼ + stars: | 2023-10-30 | by ( Vipal Monga | ) www.wsj.com time to read: 1 min

A Stellantis assembly plant in Windsor, Ontario, was already shut for retooling before the strike. Photo: REBECCA COOK/REUTERSTORONTO—Canadian auto workers went on strike against Stellantis NV after midnight Monday, when the two sides failed to reach an agreement. The walkout by about 8,200 members of Canada’s Unifor union will close five Stellantis plants in Canada. The immediate impact on the automaker’s production will be limited, however, because the company’s largest facility—an assembly plant in Windsor, Ontario, that makes the Chrysler Pacifica, Voyager and Grand Caravan minivans—had already been shut for retooling.

Persons: REBECCA COOK, Canada’s Organizations: retooling, REUTERS TORONTO —, Stellantis NV, Chrysler Pacifica Locations: Windsor , Ontario, Canada, retooling

☆ China’s newest museum is straight out of science fiction
▼ + stars: | 2023-10-30 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

It looks like something straight out of science fiction. Which it is, in a way: it’s the brand new Chengdu Science Fiction Museum in the capital of Sichuan province in Southwest China. The museum was commissioned in 2022 to host this year’s 81st annual World Science Fiction Convention, nicknamed Worldcon. The Science Fiction Museum is part of a larger “Future City” development in the Pidu district, outside of the city. Known as Chengdu Future Science and Technology City, the 4.6-square-kilometer (1.8-square-mile) site will house multiple new universities, laboratories and offices.

Persons: ”, Paulo Flores, Flores, Sydney Opera House —, Zaha Hadid, Satoshi Ohashi, Ohashi, ” Ohashi, Dave McCarty, ” McCarty Organizations: CNN, Chengdu Science Fiction Museum, Zaha, Architects, Science, Sydney Opera House, Fiction, Chengdu Future Science, Technology City Locations: Sichuan, Southwest China, London, City, Chengdu, Pidu, China, Asia, ”

☆ Fruit Purée Pouches May Contain Lead, F.D.A. Warns Parents
▼ + stars: | 2023-10-30 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: +1 min

Federal health officials are warning parents and caregivers not to buy WanaBana apple cinnamon fruit purée pouches or feed them to their children because the product may contain elevated levels of lead. Children who have had the fruit pouches should be taken to a health care provider to get a blood test, the Food and Drug Administration said on Saturday. North Carolina health officials analyzed multiple samples of the fruit purée and detected “extremely high concentrations of lead,” the agency added. reviewed the findings and said that those lead levels “could result in acute toxicity.”The fruit purée pouches are sold nationally and are available through multiple retailers including Sam’s Club, Amazon and Dollar Tree. WanaBana, based in Coral Gables, Fla., agreed to voluntarily recall all WanaBana apple cinnamon fruit purée pouches, regardless of the expiration date.

Organizations: Food and Drug Administration, Sam’s Locations: North Carolina, . North Carolina, Coral Gables, Fla

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The GM workers will return to work after an official announcement of the deal, two sources said. Ford shares fell 2% while Stellantis shares were down 1.5% in Milan. Excluding Monday's share moves, GM and Ford shares have lost roughly a fifth of their value since the strike began while Stellantis shares have fallen 1%. "The Street is glad to have this UAW nightmare in the rear view mirror with a less onerous deal than originally feared for the Detroit Big 3," Wedbush analyst Daniel Ives said.

Persons: Rebecca Cook, Stellantis, Patrick Anderson, Shawn Fain, Fain, Joe Biden, Biden, Tesla, Ford, Erik Gordon, Daniel Ives, David Shepardson, Joseph White, Shivansh Tiwary, Deepa Babington, David Gaffen, Peter Henderson, Alistair Bell Organizations: General Motors, REUTERS, Detroit, United Auto Workers, UAW, Reuters, Detroit Three automakers, Ford Motor, Chrysler, Anderson Economic Group, GM, Ford, Democratic, Detroit Three, Detroit automakers, EV, Toyota, University of Michigan, Kentucky, Detroit Big, Thomson Locations: Detroit , Michigan, U.S, Detroit, Milan, Arlington , Texas, Tahoe, Sterling Heights , Michigan, Hill, Tenn, Washington

☆ Highlights of UAW deal with Ford
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

A United Auto Workers On Strike sign is seen outside the Ford Michigan Assembly Plant in Wayne, Michigan U.S. October 25, 2023. The following are issues highlighted by UAW leaders:* Ford will invest $8.1 billion in renovating factories and adding new models. * Raises of 33% or more for many workers over the life of the contract, including cost-of-living adjustments that push up wages in line with inflation. At the top end, workers will see an extra $70,000 in pay over the contract. * Lowest-paid temporary workers could see wages rise 150%* Pathway for battery and electric vehicle plants to come under the union agreement at commensurate pay rates.

Persons: Rebecca Cook, David Shepardson, Joseph White, Peter Henderson, Jamie Freed Organizations: United Auto Workers, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, Ford Motor, UAW, Ford, Thomson Locations: Wayne , Michigan

GM said it was disappointed by the UAW strike at Spring Hill and that it still seeks "to reach an agreement as quickly as possible." Spring Hill Manufacturing, an assembly and propulsion plant, is the largest GM facility in North America with nearly 4,000 total employees. A lengthy Spring Hill strike could greatly increase the financial pain for GM, which said in a filing earlier this week that strike costs had risen to $400 million a week. Moments before employees walked out in Tennessee, the UAW said it reached a tentative labor agreement with Chrysler parent Stellantis (STLAM.MI). The UAW previously struck GM assembly plants in Missouri and Michigan as well as 18 parts distribution warehouses.

Persons: Rebecca Cook, Shawn Fain, Stellantis, ” Fain, David Shepardson, Joseph White, Cynthia Osterman Organizations: General Motors, REUTERS, United Auto Workers, UAW, GM, Ford, Manufacturing, Chrysler, Ford Motor, Thomson Locations: Detroit , Michigan, U.S, Spring Hill , Tennessee, Spring, North America, Fort Wayne , Indiana, Silao, Mexico, Bowling Green , Kentucky, Ramos Arizpe, Fairfax , Kansas, Arlington , Texas, Wentzville , Missouri, Tennessee, Missouri, Michigan

☆ Eyedrops From Major Brands May Cause Infection, F.D.A. Says
▼ + stars: | 2023-10-29 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: +1 min

Federal health officials are advising consumers to stop using more than two dozen over-the-counter eyedrops products because of a potential risk of eye infection that may lead to partial vision loss or blindness. The Food and Drug Administration issued an alert on Friday flagging 26 eye care products including eyedrops and gels from CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target up&up and Velocity Pharma. The federal agency recommended on Wednesday that the manufacturer recall all lots of those products after agency investigators found unsanitary conditions in a manufacturing plant, according to the news release from the F.D.A. Bacterial tests came back positive from critical drug production areas in the plant, which the agency did not immediately identify. said that it had not received any reports of infection associated with these products, but it was encouraging health care professionals and patients to report any cases to the agency.

Organizations: Drug Administration, CVS Health, Health, Rugby, Cardinal Health, Rite, Target, Velocity Pharma

It is not clear what derailed GM and the UAW's progress toward an agreement patterned after earlier deals at Ford and Chrysler-owner Stellantis (STLAM.MI). Pension costs and issues involving the use of temporary workers were among the points of contention at GM, sources said. GM said it was disappointed by the UAW decision to strike Spring Hill. Last month, UAW workers at Mack Truck's U.S. operations overwhelmingly rejected a deal recommended by Fain. In 2015, UAW members at what is now Stellantis voted down a contract endorsed by union leadership.

Persons: Shawn Fain, Rebecca Cook, Fain, management's, Stellantis, Joe White, David Shepardson, Lisa Shumaker Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Rights, Ford, General Motors, Chrysler, GM, UAW, Detroit, Saturday, Union, Mack, Reuters, Thomson Locations: Wayne , Michigan, U.S, Hill , Tennessee, Detroit, Taylor , Michigan, Mack Truck's, Stellantis, Washington

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 27 (Reuters) - Chrysler parent Stellantis (STLAM.MI) and the United Auto Workers were nearing a deal that could be finalized as soon a Saturday to end a six-week-old strike, sources told Reuters. The deal will likely set a pattern for new UAW contracts with GM and Stellantis. Talks between Stellantis and the UAW were set to reconvene at 10 a.m. Detroit after lengthy talks on Friday. Talks between the UAW and General Motors were continuing past 9 p.m. Friday. The deal amounts to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.

Persons: Rebecca Cook, Stellantis, Ford, John Lawler, David Shepardson, Joseph White, Chizu Nomiyama, Peter Henderson, Matthew Lewis, Raju Gopalakrishnan Organizations: General Motors, REUTERS, Chrysler, United Auto Workers, Reuters, Ford Motor, Detroit, GM, Stellantis, UAW, Bloomberg, Ford, Thomson Locations: Detroit , Michigan, U.S, Stellantis, Detroit, New York, Washington

☆ Fisherman Last Sighted Two Weeks Ago Rescued at Sea
▼ + stars: | 2023-10-28 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: +1 min

Canadian fishermen help hoist a man wearing a green hat and a blue plaid shirt onto a Canadian Coast Guard rescue boat that has pulled alongside them. As the man steadies himself, he turns around and says, “Thanks a lot guys,” then waves as the Coast Guard boat pulls away. “That’s one for the books,” one of the men on the fishing boat says. The men, who had departed on a 43-foot fishing boat called the Evening, had been scheduled to return Oct. 15. One of the men’s daughters alerted the U.S. Coast Guard on Oct. 22 that her father had never returned home.

Persons: steadies, “, Steve Strohmaier Organizations: Canadian Coast Guard, Coast Guard, U.S . Coast Guard Locations: Westport, Washington’s Grays Harbor County, U.S . Coast Guard Pacific

I started working when I was in junior high, and I've always been glad to be able to earn money. I have chronic paranoid schizophrenia, and I haven't been able to work full-time since a 2006 episode. I've adapted as much as I can, but the limitations on when and how I can earn money are demoralizing. I've worked a variety of odd jobs since junior high. The hard truth is that I would have to seek housing with a family member without my husband's income.

Persons: I've, haven't, —, I'm Organizations: Service

☆ Dana sees 'significant impact' from UAW strikes to North American operations
▼ + stars: | 2023-10-27 | by ( Nathan Gomes | ) www.reuters.com time to read: +2 min

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. Dana said the UAW strikes affected some of its largest light truck programs, including Ford Super Duty, Ranger and Bronco as well as Stellantis' Jeep Wrangler and Gladiator. "The longer the UAW strike continues, the greater financial stress there will be across the Tier 2 through Tier 4 supply base," Dana's chief executive James Kamsickas said in a post-earnings call with analysts. Dana expects its full-year sales to be $10.7 billion if UAW strikes through Oct. 31, or $10.2 billion with strikes through Dec. 31. GM and Ford have pulled their full-year forecasts this week to account for impacts from the UAW strikes.

Persons: Rebecca Cook, DAN.N, Dana, James Kamsickas, Nathan Gomes, Shilpi Majumdar Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, Dana, Detroit Three, General Motors, Ford Motor, Stellantis, Ford Super Duty, GM, Ford, Anderson Economic Group, Thomson Locations: Delta Township, Michigan, North America, Bengaluru

☆ VIEW Ford reaches tentative deal with striking UAW workers
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 25 (Reuters) - The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (F.N), the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES"It's a relief for investors that this UAW nightmare is now over for Ford. JOE BIDEN, U.S. PRESIDENT"I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight. GENERAL MOTORS STATEMENT"We are working constructively with the UAW to reach a tentative agreement as soon as possible." STELLANTIS STATEMENT"We remain committed to working toward a tentative agreement that gets everyone back to work as soon as possible."

Persons: Rebecca Cook, HARLEY SHAIKEN, DANIEL IVES, Farley, Ford, JOE BIDEN, JEFFREY SCHARF, SHAWN FAIN, Abhirup Roy, David Shepardson, Joe White, Peter Henderson, Christopher Cushing Organizations: Auto Worker, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, United Auto Workers, UAW, Ford Motor, UNIVERSITY OF, TIM, Ford, GM, U.S, Big, ACT, Thomson Locations: Wayne , Michigan, UNIVERSITY OF CALIFORNIA, BERKELEY, Detroit

☆ Ford’s electric drive is going the wrong way
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook Acquire Licensing RightsNEW YORK, Oct 26 (Reuters Breakingviews) - Ford Motor (F.N) may have dealt with its labor problem. While the ebb and flow of fossil-fueled fortunes is nothing new, Ford’s electric-car pivot is printing more red ink than ever. But Ford is trying to scale to profitable sales and right now, things are going the wrong way. The company’s electric division recorded a nearly $37,000 operating loss per battery-powered ride sold this quarter, 51% worse than last year. With once sky-high electric prices now free-falling, Ford faces the brass-tacks problem of simply grinding down costs.

Persons: Jim Farley, Rebecca Cook, can’t, nix, Ford, Jonathan Guilford, Lauren Silva Laughlin, Aditya Sriwatsav Organizations: Ford Motor, North American, REUTERS, Reuters, Ford, General Motors, Cox, X, Unilever, Thomson Locations: Detroit , Michigan, U.S, Detroit

☆ EU’s best way to close its US growth gap: growth
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Oct 26 (Reuters Breakingviews) - The European Union would have a better chance of catching the U.S. if it aimed for growth, instead of rearranging the regulatory deck chairs. Lowering political barriers in the 27-country single market could boost investment without breaking the bank on subsidies, Jean-François van Boxmeer told Breakingviews, citing a new European Round Table for Industry report. In the telecommunications sector, the European Commission has kept four providers in most of the EU’s markets, and screens out Chinese equipment-makers over security concerns. The European Commission reckons completing the single market by 2030 would hike EU GDP by 12%, or 713 billion euros. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: François van Boxmeer, Breakingviews, van Boxmeer, Jacob Wallenberg, Rebecca Christie, George Hay, Streisand Neto Organizations: Reuters, European, Vodafone, Reuters Graphics Business, EU, European Commission, Investor, X, News Corp, Thomson Locations: BRUSSELS

☆ Salmonella Outbreak Linked to Packaged Onions Sickens 73
▼ + stars: | 2023-10-25 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: 1 min

A salmonella outbreak linked to packages of diced onions has sickened at least 73 people across 22 states, 15 of whom were treated at hospitals, public health officials said. Gills Onions, a California-based company, voluntarily recalled packages of diced yellow onions, red onions, and onions and celery, as well as a mix of onions, celery and carrots known as mirepoix. The products had use-by dates of August 2023, the Food and Drug Administration said Tuesday. The onions were sold in Arizona, California, Idaho, Montana, Oregon and Washington at retail sites that included Stater Bros. Markets, Bashas’ and Smart & Final stores. Gills Onions said in a statement that it was voluntarily recalling the products out of an “abundance of caution.”

Persons: Stater, Onions Organizations: Food and Drug Administration, Stater Bros, Bashas, Smart Locations: California, Arizona , California , Idaho , Montana , Oregon, Washington

☆ We're hopeful the UAW strike isn't costing Ford as much lost production as GM
▼ + stars: | 2023-10-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Investors just got a look at how much the United Auto Workers strike is costing General Motors (GM) in lost production. The UAW began striking Detroit's three automakers last month after Ford, GM and Chrysler-parent Stellantis (STLA) failed to reach a new labor contract with the union. F GM,STLA 1M mountain Ford, GM and Stellantis 1-month Another industry issue Cramer highlighted is that "EV momentum has definitely stalled." Earlier this month, Ford reported third-quarter auto sales were 7.7% higher, driven by "best-ever sales of hybrids." And, updates on the strike and its impact on Ford production will be crucial for investors like us.

Persons: Ford, there's, we'll, Jim Cramer, Cramer, Mary Barra, Jim Farley, Farley, reevaluate, Jim Cramer's, Jim, Rebecca Cook Organizations: United Auto Workers, General Motors, Ford, UAW, GM, Chrysler, Associated Press, LSEG, UBS, Stellantis, General, Michigan EV, EV, CNBC, Ford Motor Co Locations: Texas, Ford's, North America, Dearborn , Michigan

☆ GM Reports $3.1 Billion Profit, Despite UAW Strike Hit
▼ + stars: | 2023-10-24 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

GM’s results beat analysts’ estimates. Photo: rebecca cook/ReutersGeneral Motors posted a strong third-quarter profit despite a hit from the United Auto Workers strike, which now is draining about $200 million a week from its bottom line. GM also scrapped a self-imposed target for the number of electric vehicles it will produce through the middle of next year due to slackening demand for the technology, a surprising move for a company that had been an early mover in the space.

Persons: rebecca, Reuters General Motors Organizations: Reuters General, United Auto Workers, GM

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