General Motors provided a business update after new labor deals with unions and some challenges in electric vehicle production. The new contracts will cost GM $9.3 billion over their lifetime and $575 per vehicle. GM also announced a $10 billion share buyback and increased dividend.
Questions:
1. What were some of the challenges GM faced in electric vehicle production according to the update?
2. How much will the new labor deals with UAW and Unifor total cost GM over the contracts' lifetime?
3. What steps is GM taking to increase profitability of electric and gasoline vehicles?
#ELECTRIC VEHICLES #GM #UAW
0 Response to "GM takes $9.3 billion hit in new union contract, begins stock buyback program"
Post a Comment