( ) -q-20- UNDATED (Correspondent Jeremy House) “July through September.” A strike by autoworkers against General Motors is expected to cut the automaker’s pretax earnings by $800 million this year, and another $200 million per week after that. [CutID: <Cuts> UAW-STRIKE-GM-EARNS-house-q-TUEam.mp3 Time: 20s Title: UAW-STRIKE-GM-EARNS-house-q-TUEam Out-cue: July through September] TAG: Correspondent Jeremy House reporting. While […]
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Autoworkers strike cuts into GM earnings, company sees further losses
( ) -q-20- UNDATED (Correspondent Jeremy House) “July through September.”
A strike by autoworkers against General Motors is expected to cut the automaker’s pretax earnings by $800 million this year, and another $200 million per week after that.
[CutID: <Cuts> UAW-STRIKE-GM-EARNS-house-q-TUEam.mp3
Time: 20s
Title: UAW-STRIKE-GM-EARNS-house-q-TUEam
Out-cue: July through September]
TAG: Correspondent Jeremy House reporting. While the earnings figure was 7% below a year ago due to lost production from the strike and increased warranty costs, the results soundly beat Wall Street estimates.
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VERBATIM: The company’s chief financial officer says those figures just include factories that are on strike now by the United Auto Workers union. Paul Jacobson says if more plants are added, the losses will pile up further. Jacobson’s statements came as GM reported just over $3 billion in net income from July through September.