Tuesday, October 26, 2021
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GM continuing to grind gears

🕐 1 min read

General Motors continued its weekslong slide as contract negotiations with striking United Auto Workers hit another snag. The automaker’s stock is down nearly 11% since workers headed to picket lines on Sept. 16. It was down slightly more than the broader market on Monday. The latest dispute is over product commitments for U.S. factories, a union official wrote in

an email to members. The letter from UAW Vice President Terry Dittes casts doubt on whether there will be a quick settlement in the contract dispute that has crippled GM’s factories. In a statement, GM said it continues to negotiate in good faith “with very good proposals that benefit employees today and builds a stronger future for all of us.”

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