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U.A.W. Could Cost GM Billions

About 73,000 United Auto Workers (UAW) walked from their jobs on strike against General Motors Corp.

As of now GM has about a 65 day supply of cars, however, as the strike continues the UAW is costing GM not to sell 12,200 cars a day, or $270 million a day. If the stike goes on for another month, GM will loose $8.1 billion.

Negotiators are still working the problem out for the 22nd straight day of bargaining.

This entry was posted on Tuesday, September 25th, 2007 at 6:35 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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