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Rep. Bill Huizenga (R-MI) discusses the General Motors strike and its impact on the economy.
The 23-day strike through the car staff at General Motors has stalled the production of 165,000 cars and trucks, surpassing the time when the automaker can compensate for the loss of volume, according to industry analysts.
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Distributors have enough stock for several weeks, however, since the strike began, analysts have said GM is wasting tens of millions of dollars a day.
According to Bill Rinna of the lmC Automotive consultantic, fifteen of GM’s 18 meeting plants in North America were closed through trade union action, all sites in the U.S.
“Once the strike is over, it will probably take up to a week to restart the portion pipe,” Rinna wrote Tuesday. “We probably have a loss of more than 200,000 vehicles.”
The strike behind the scheduled production of the new chevrolet Corvette sports car with central engine, which will begin in December, Rinna wrote.
GM Corvette’s plant in Bowling Green, Kentucky, had about 1,000 Corvettes from the existing generation to build before the strike. The factory then had to transfer its device to the new version.
Now, Rinna wrote, GM will have to delay the launch of the new one or re-equip the plant more quickly.
GM made a confidential offer to the UAW on Monday morning, however, the two parties have not yet reached an agreement.
Part of the delay is GM’s preference for moving from classic products to electric and autonomous vehicles, which conflicts with the union’s preference for the prestige and safety of the task.
The United Auto Workers were frustrated by GM’s idling of plants in the Midwest even before negotiations began, and the two sides are at odds over pay and healthcare benefits.
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The Associated Press contributed to the report.
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