General Motors Co. has lost $800 million in operating profit so far in the now 40-day strike by the United Auto Workers, the automaker said Tuesday, signaling mounting financial impact of the walkout.
The Detroit automaker estimates it will continue to lose $200 million every week the strike continues with the facilities currently under a work stoppage. The losses could increase should the union decide to expand its strike against GM.
The UAW is striking at 20 GM plants, including two assembly facilities and 18 Customer Care and Aftersales parts distribution warehouses. Workers at GM's Wentzville, Missouri, midsize truck plant have been on strike since Sept. 15, when the union's contract expired with GM and its crosstown rivals Ford Motor Co. and Stellantis NV. GM's parts warehouses were added to the strike target list on Sept. 22. The UAW on Sept. 29 added the Lansing Delta Assembly plant, home of the Chevrolet Traverse and Buick Enclave SUVs.
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