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“2019 was likely to be a great year for GM but that's not going to happen now.”

Morning Star Equity Strategist David Whiston on the impact of the UAW strike on General Motors.

Published on

oct 29, 2019

  • One of America’s largest automakers performed better than analysts expected for the last 3 months.
  • However, the company lowered its forecast for this year and next, mainly due to the impact of the 40 day strike by the UAW – the longest strike since the 1970s.
  • The strike cost the company nearly $4B for 2019 and the lost production of aroundA 300,000 cars.

GM shows profit of $3 billion in third quarter with biggest strike costs still ahead
https://www.freep.com/story/money/cars/general-motors/2019/10/29/gm-profit-uaw-strike/2455970001/

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