GM Chevrolet plant workers strike

May 5, 2008: 10:49 AM EDT

United Auto Workers 2,500-strong Local 31 hits 'Car of the Year' facility; GM lost $3.3B in first quarter.

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KANSAS CITY, Kan. (AP) -- Members of a United Auto Workers union local went on strike Monday at General Motors' Fairfax facility -- hitting the plant that makes GM's popular Malibu sedan.

During talks over the weekend, UAW Local 31 set a Monday morning strike deadline because union negotiators believed the two sides remained far from an agreement. The Fairfax plant employs more than

2,500 UAW members.

The plant makes the Chevrolet Malibu, a medium-sized sedan that was named "Car of the Year" at this year's North American International Auto Show in Detroit.

The strike hits a key GM (GM, Fortune 500) product at a time when the company can ill afford it.

Last week GM announced that it lost $3.3 billion in the first quarter, due largely to one-time charges and North American losses that offset gains in the rest of the world.

Reply to
Gosi
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GM Chapter 11 coming soon.

Reply to
Jim Higgins

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You and your ilk have been predicting this for some time now. Talk's cheap.......care to tell us, how soon?

Dave

Reply to
Hairy

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Frustrated owners try to unload their guzzlers

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Oil nears $123 on $200 oil prediction, supply concerns
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Strike may dent Malibu sales
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etc., etc.

If that $200/barrel price for oil ever comes to pass we will see the collapse of the auto industry in the US or its 1st cousin. $200 oil will devastate us even though Europe pays two or three times what we pay per gallon. Either way we are in for very rough times, especially if Detroit insists on doing business the old way.

Reply to
Jim Higgins

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Okay,...............in other words, you were just talking out of your ass. Big surprise.

Reply to
Hairy

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You can't read or comprehend basic facts?

Reply to
Jim Higgins

concerns

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According to Automotive News

GM Stops Building GMC Yukon, Denali, Sierra, Heavy Duty; and Chevrolet Tahoe

there is no end in sight to General Motors' North American profit drought

If the American Axle strike continues, there might be additional production cuts

Reply to
Gosi

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