Negotiations between the UAW and General Motors resumed shortly after the strike began yesterday, which is good for both parties involved. Not only are the union workers losing pay, but the General is hemorrhaging copious amounts of cash as you read this. Some analysts contend that GM is losing between $100 to $300m per day while the work stoppage continues – something that the automaker can hardly afford to let continue.
A brief list of facts are posted after the jump that provide some perspective on what's being lost, what's at stake and how this will effect the automaker in the very near future.
[Source: Automotive News - Sub. Req.]
• Close to 100 plants are currently shuttered, including 19 assembly plants, 23 powertrain production centers, 18 stamping plants and 23 service and parts operations.
• Approximately 73,000 hourly workers are out on the street.
• General Motors is loosing 13,343 vehicles per day in the U.S. That doesn't include the effects of the strike on manufacturers abroad.
• GM's supply of vehicles ranges between 26 days for the Buick Enclave to 80 days for its full-size pickups and 'utes.
• GM shares have dropped 15 cents for the day, as of this writing.
A brief list of facts are posted after the jump that provide some perspective on what's being lost, what's at stake and how this will effect the automaker in the very near future.
[Source: Automotive News - Sub. Req.]
• Close to 100 plants are currently shuttered, including 19 assembly plants, 23 powertrain production centers, 18 stamping plants and 23 service and parts operations.
• Approximately 73,000 hourly workers are out on the street.
• General Motors is loosing 13,343 vehicles per day in the U.S. That doesn't include the effects of the strike on manufacturers abroad.
• GM's supply of vehicles ranges between 26 days for the Buick Enclave to 80 days for its full-size pickups and 'utes.
• GM shares have dropped 15 cents for the day, as of this writing.
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