GM Strike Costs Rise to $200 Million and Could Delay 2024 EV Plans As UAW Expands Walkout

GM estimates the UAW strike has cost it $200 million in lost production during Q3. The costs could quickly rise into the billions if more plants are affected.

The UAW expanded the strike on 9/20 to include 2 more GM plants. A full shutdown could cost over $100 million per day.

If the strike lasts 6+ weeks, costs could total billions and delay GM's 2024 EV rollout plans.

GM secured a new $6 billion credit facility to add liquidity given the uncertainty with the strike.

Ford also secured a $4 billion credit line in August to manage "uncertainties", which included a potential UAW strike.