GM Says Autoworkers Strike Costing Company $200M Per Week

Need2Know Headlines

Chris and corporate earnings season continues to unfold on the floor where you are, my friend, tell us the latest and that's right. So General Motors did beat earnings and sales expectations for the third quarter. The company that was withdrawn its full year guidance, citing costs from the ongoing auto workers union strike. GM said that strike related costs have increased to $200 million a week and that actually is subject to very amid the latest strike news. But the automakers also rescinding near term targets for its electric vehicles and in less than expected demand for those cars.