Are production delays possible?
Now entering its 10th day, the strike initiated by General Motors’ 50,000 factory employees across the US is causing the automaker to lose an estimated $50 million a day. Some estimates have that figure as high as $100 million. To pressure the United Auto Workers to make a deal, GM last week announced it will no longer pay for health insurance for striking workers. This means the UAW is now responsible for health benefits. Although progress is reportedly being made in negotiations between the two sides, a breakthrough has yet to happen. All the while, no new American-made GM vehicles are rolling off assembly lines but the all-new 2020 Chevrolet Corvette Stingray, at least so far, remains unaffected.
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