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GM Secures $6 Billion Credit as UAW Strike Losses Mount

  • GM secures new $6 billion credit line as UAW strike costs reach $200 million
  • Strikes have already cost GM $200 million in lost production during Q3
  • GM CEO criticizes UAW President, says he's not interested in reaching deals
  • New credit line requires GM to maintain minimum liquidity levels
  • Comes after Ford obtained $4 billion line of credit amid market uncertainty
cnbc.com