General Motors on Tuesday said its third-quarter net income fell 8.

7 percent from a year earlier to $2.3 billion, including a $1 billion hit from the first two weeks of the UAW's strike.

GM said it expects the 40-day strike, which ended last Friday after workers ratified a new four-year contract, to reduce 2019 earnings by about $2 per share, or nearly $3 billion. The last four weeks of the strike were in the fourth quarter.

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GM Earnings Plummet 8.4% In Q3 - Strike Costs Rise To $3 Billion

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