(Source: Detroit News, October 3, 2019)
DETROIT — Some analysts estimate the UAW’s nationwide strike against General Motors has cost the company about $1 billion so far. But GM can withstand the financial losses because of what it stands to gain with a new UAW contract: a deep discount to labor costs. That’s a big deal. Industry-wide, labor is about 5.1% of the cost of the average vehicle, according to the Center for Automotive Research in Ann Arbor.
Full story: Detroit News