GM stands to lose as much as $100 million a day if the nationwide strike of auto workers continues
General Motors Co. stands to lose as much as $100 million a day if the nationwide strike of auto workers continues.
Auto-industry analysts estimate that the walkout—which began Monday and involves roughly 46,000 full-time workers in more than 30 factories across 10 states—could dent GM’s profit by between $50 million and $100 million daily. Stalled production could slash more than a tenth of GM’s expected third-quarter operating profit of about $3.5 billion by the weekend, although GM could make up some lost production once...
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