GM Faces Losses of $50 Million a Day in First UAW Strike in 12 Years

The United Auto Workers (UAW) initiated a strike against General Motors (GM) for the first time in 12 years after failed negotiations over the weekend. Despite President Trump's call for a deal, no agreement was reached, and the strike began at midnight. GM proposed a $7 billion investment across eight U.S. plants and 5,400 new jobs, but the UAW rejected it, citing unmet key issues like health care. Credit Suisse estimates the strike could cost GM $50 million daily, affecting share prices as investors assess the strike's duration.

What significant event is the UAW leading against General Motors?

• A merger

• A strike

• A new product launch

• A partnership

What was the value of the investment General Motors offered to the UAW?

• $7 billion

• $10 billion

• $5 billion

• $3 billion

How many new jobs did General Motors propose to create?

• 7,000

• 5,400

• 10,000

• 3,000

Which key component did the UAW feel was not adequately addressed in General Motors' offer?

• Work hours

• Pension plans

• Healthcare

• Job security

What is the estimated daily financial impact of the strike on General Motors according to Credit Suisse?

• $50 million

• $100 million

• $25 million

• $10 million