GM buyers and owners could soon start feeling impact of UAW strike

  • 📰 CNBC
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

About 48,000 United Auto Workers members went on strike against General Motors today. The strike was the first in 12 years, as workers asked to share in the company's success.

"Right now, we have a cushion," said Jackson, "but when you get to the hot products, like the high-end Silverado pickups , that's where it's going to be felt at the local level first.

"Teamsters and the UAW have a decades-long relationship of having each other's back," Hoffa said. Neither GM nor the Teamsters would discuss how many vehicles might be tied up on factory lots or elsewhere, however. The strike will also hit hard those who have been waiting for many new 2020 models, especially those that were just getting into production. The highly anticipated, eighth-generation Chevrolet Corvette is one the products that could face the biggest backlog. GM and its dealers have already taken nearly a full year of orders, so those late on the list could be in for a much longer wait than expected, said Bailo.

Even a one-week shutdown, he said, can put his service department two weeks behind, in part, because it will have to wait until everyone is back to work and settled back in at GM warehouses before his dealership can place new orders. Having enough parts to meet ongoing recalls will be a problem for some dealers, but the bigger problem, he said, is with parts like bumpers and fenders needed to handle repairs, especially on older GM products.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Behind the GM-UAW Strike: Two Combatants With Something to ProveGM wants to show Wall Street it is more assertive than the company that collapsed into bankruptcy a decade ago. The union is confronting membership declines, a federal corruption investigation and dissent from within. Both sides face pressure from President Trump. wow the WSJ supports management, who would have guessed? how about the hiring of temps to avoid paying a living wage and benefits? tough decisions? Should probably get some new analysts. Math of losing $50-100m/day doesn’t work for company whose revenue is $35 So, after Obama saved GM with taxpayer-funded bailouts in 2009 & it still ain't enough? Kia & Hyundai will be very Happy. Only thing strike will prove is to lower GM 's market share & shed more jobs.⤵️🕳️
Source: WSJ - 🏆 98. / 63 Read more »

UAW leader: 'Some progress' has been made on contract talks as GM strike continuesThe United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain 'many' outstanding issues, according to a union leader overseeing the talks.
Source: CNBC - 🏆 12. / 72 Read more »

US prosecutors charge ex-UAW official with conspiracy in widening union corruption probeThe former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and money laundering. And the timing was just a coincidence . . .
Source: CNBC - 🏆 12. / 72 Read more »

Opinion | Auto Workers Are Free From UAWFrom WSJopinion: A corruption scandal, the spread of right-to-work laws and this week’s strike has some auto workers wondering if union membership still has its privileges, write JarrettSkorup and JamesHohman opinion JarrettSkorup JamesHohman opinion JarrettSkorup JamesHohman That’s a definite not PAY opinion JarrettSkorup JamesHohman
Source: WSJ - 🏆 98. / 63 Read more »

Thousands more auto workers furloughed with more layoffs coming as GM and suppliers idle plants in UAW strikeThousands of auto workers in Canada have been temporarily laid off because of the GM strike, according to the Canadian trade union Unifor. go home and play whit mama There goes the neighborhood. Not Good,👁😔😔/Quite Upsetting 👎,I Have Canadian Roots,/ Family There,😯,•
Source: CNBC - 🏆 12. / 72 Read more »

GM recalls Chevrolet small SUVs; suspension welds can breakGeneral Motors is recalling more than 107,000 small SUVs in the U.S. and Canada because a suspension weld can break and cause steering problems. Probably built by a little bit supplier
Source: ABC - 🏆 471. / 51 Read more »