GM's Futile Battle With The Union Leads To A 4th Quarter Loss Of $194 Million

General Motors lost $194 million in the fourth quarter, including a $2.6 billion hit from the UAW's strike, resulting in a net profit of $6.7 billion in 2019.

Adjusted earnings before interest and taxes in the quarter plummeted 96 percent from a year earlier to $105 million. Revenue declined 20 percent to $30.8 billion, and the company's profit margin declined 7 full points to 0.3 percent.

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malba2367 - 2/5/2020 4:50:02 PM

+3 Boost

I think they let it go on and used it as an inventory management strategy. Their inventories were way too high at the time of the strike.

MDarringer - 2/5/2020 9:54:08 PM

+1 Boost

It would have been worse with the stockpile of cars.

rockreid - 2/6/2020 8:20:37 AM

+1 Boost

What does a Union have to do with a 20% decline in Revenue? That is entirely a Mangement/Design problem.