General Motors released its much anticipated 2019 third-quarter earnings report this morning. The figures shed light on how much money the automaker is making and how strong pickup sales help stave off losses from the recently settled UAW strike. The raw financials for GM’s 3rd Quarter Boil Down To This EPS-diluted of $1.60 and EPS-diluted-adjusted… Continue reading Silverado & Sierra Sales Save GM From Strike Losses
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The UAW ended its strike tonight with a new four-year contract.
When the General Motors and the UAW announced a deal to end the ongoing strike last week, one of the potential settling points was a $3-billion investment in the Detroit-Hamtramck plant for future electric trucks. On Friday, Reuters reported that an all-electric pickup branded as a HUMMER could be the first product out of that… Continue reading Your first electric pickup may be a Hummer
It was announced this afternoon that GM and the United Auto Workers have reached a tentative contract agreement. Please pardon the brevity of this report. GM has not issued any details yet. We will update this story when the UAW and GM provide details.
The United Auto Workers (UAW) strike against General Motors has entered its fourth week. After initial reports a week ago, and also last Friday, union negotiators now say that the bargaining has “Taken a turn for the worse.” The union claims GM backtracked on some provisions that were important to the union. “The leadership is… Continue reading Following a Hopeful Stretch UAW Now Says Strike Deal Moving Backwards
The general vibe today is that the nationwide United Auto Workers strike against GM over a contract renewal is about to wrap up. GM opted to pay UAW members’ health care benefits after all. While knowing very little about how the negotiations are actually going, that certainly seems like a gesture that GM can point… Continue reading GM Dealers Have Solid Inventory As Strike Appears To Be Ending
As the UAW and General Motors negotiate hard to find a contract solution both parties can live with, we’d like to ask the GM-Trucks.com readership if they have a firm position now. Who do you support?
For the first time in more than a decade, General Motors workers will walk off the job and strike effective midnight tonight (Sunday September 15th). This is not a targeted strike at limited facilities, but will include 46,000 GM autoworkers at 55 factories. “We are standing up for our members and for the fundamental rights… Continue reading UAW Will Strike As Of Midnight – GM Truck Plants All Included