Car Today | GM adds labor costs with new UAW deal, but it's a much healthier company today

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A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the uncertainty of tariffs and trade wars, slowing global sales and rising capital expenses to develop autonomous and electric vehicles. Analysts say the four-year deal, if approved next week by 49,000 striking worker

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GM adds labor costs with new UAW deal, but it's a much healthier company today originally appeared on Autoblog on Sat, 19 Oct 2019 11:00:00 EDT. Please see our terms for use of feeds.

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October 19, 2019 at 08:30PM
Credits : www.autoblog.com

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