UAW Strike Continues as Thousands of Workers Join, Costing GM $800 Million in Pre-Tax Profits

Thousands of United Auto Workers (UAW) members have gone on strike against Detroit’s Big Three automakers, General Motors (GM), Ford, and Fiat Chrysler, for the second consecutive day. The strike has already cost GM around $800 million in pre-tax profits and the company has withdrawn its 2023 profit forecast.

On Tuesday, 5,000 workers from the Arlington Assembly Plant in Texas joined the strike, impacting a factory that produces some of GM’s most profitable vehicles, including the Chevrolet Tahoe and Chevrolet Suburban, GMC Yukon and Yukon XL, and Cadillac Escalade and Escalade-V.

The strike comes the same day GM reported its third-quarter results, with the company reporting more than $3 billion in profit. Despite this, the UAW is pushing for better wages and benefits for its members.

In response to the strike, the UAW has created a loan program for its members who are on strike. The program is designed to help members who are struggling financially due to the strike. The UAW has also set up a website to provide information and resources to its members.

The UAW strike is ongoing and it is unclear when it will end. In the meantime, the union is working to ensure its members have the resources they need to make it through the strike.