"UAW Strike Ripples Across GM's Profitable SUV Plants, Including Texas Assembly Plant"
The United Auto Workers union has expanded its strike against General Motors by walking off the job at the Arlington Assembly plant in Texas, which produces GM's highly profitable full-size SUVs. Despite reporting third-quarter earnings growth, GM has lost $200 million during the first two weeks of the strike and an average of $200 million per week since then. The union is demanding more from the company to make up for past concessions and believes GM can afford a better contract. GM claims to have offered a record contract with increased pay and benefits, but the strike is likely to intensify the losses for the company.