GM sees losses from American Axle strike

UAW said it had ratified a new labor agreement with auto components and systems maker American Axle on Thursday. American Axle said Friday it expects production to resume next week. In a regulatory filing, GM said the pause in the work flow had ...

Now that the three-month-long American Axle strike has been settled, workers affected by the strike could also be headed back to work soon. The strike caused a ripple effect in the automotive industry, crippling General Motors Corp.'s production of ...

GM said it expected that much of the lost production would not be recovered because of the US economic slowdown and less demand for SUVs. Shares slipped by about 5% though some of the losses were clawed back later...However the dispute is expected ...

General Motors Corp. said today the nearly three-month strike at parts supplier American Axle and Manufacturing Holdings Inc. will cost the automaker about $1.8 billion before taxes in the second quarter. GM also said in a filing with the Securities ...

General Motors Corp. said today the nearly three-month strike at parts supplier American Axle and Manufacturing Holdings Inc. will cost the automaker about $1.8 billion before taxes in the second quarter. GM also said in a filing with the Securities ...

Dell CFO Carty resigns, GE veteran to replace him In all, GM put in $215 million to help settle the strike, the filing stated. GM earlier had said that it had agreed to provide American Axle up to $200 million to help fund buyouts, early retirements ...

General Motors Corp. says the three-month strike at parts supplier American Axle and Manufacturing Holdings Inc. will cost the automaker about $1.8 billion before taxes in the second quarter. GM also said Friday in a filing with the Securities and ...

Quote , Profile , Research ) said on Friday the strike at American Axle & Manufacturing Holdings Inc (AXL.N: Quote , Profile , Research ) will result in lost production of an additional 230,000 vehicles in the second quarter, with an estimated $1.8 ...

Workers at a key supplier to General Motors Corp. ratified a new labor agreement late Thursday, ending a strike that had forced the US auto-maker to shut down a several factories. The United Auto Workers said 78 percent of members at five American ...

Workers from the largest union local at American Axle and Manufacturing Holdings approved a new contract Thursday, ending a nearly three-month-old strike. The United Auto Workers local voted in favor of the deal, assuring it will pass, said Erik ...