(Credit Service That Help Me Pay Off Cash Advance Loans) 73000 workers walk in nationwide GM strike - CNNMoney.com
Still, most GM dealers won’t start to see shortages of vehicles for two-to-three weeks, even though the strike will immediately halt production of 12,200 vehicles per day or 760 vehicles per hour, said Michael Robinet, vice president of global vehicle forecasts for CSM Worldwide. While the strike hit GM plants and facilities, it does not affect the two other automakers whose workers are represented by the UAW, Ford Motor ( Charts , Fortune 500 ) or Chrysler LLC, which between them have more than 100,000 UAW still on the job. Shifting those costs is seen as a key to GM efforts to close its cost gap with nonunion automakers, such as Toyota Motor ( Charts ) and Honda Motor ( Charts ). Shares of Dow component GM ( Charts , Fortune 500 ) closed down just 20 cents Monday, although that’s well off of the 2. Most analysts have said that although a long strike at General Motors would be a crippling blow for the automaker’s efforts to return its North American operations to profitability, the automaker is probably in a relatively good position to weather a short strike. The strike is the nation’s largest since 87,000 workers at Verizon Communications ( Charts , Fortune 500 ) walked off the job in August 2000, but that action did not shut down the company. Learn more
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