Strike at General Motors to cost $1.5 bn, says Credit Suisse
The ongoing United Automobile Workers strike has already seen GM lose 100,000 vehicles in the third quarter
11 October 2019 - 16:27
Bengaluru — An ongoing workers’ strike at General Motors (GM) could cost the vehicle maker about $1.5bn, brokerage Credit Suisse said on Friday, throwing the US company’s cost reduction plans off the track and forcing key suppliers to cut their 2019 outlook.
Credit Suisse has assumed the strike by the United Automobile Workers (UAW) union, currently in its 26th day, to last until October 21...
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