Monday, May 19, 2008
End to Axle Strike Erases Some Doubts at GM
WSJ.com
Several General Motors Corp. plants are set to ramp up production this week after key supplier American Axle & Manufacturing Holdings Inc. and the United Auto Workers reached a tentative agreement ending an 11-week strike.
The strike had all but crippled GM's ability to produce large pickup trucks and sport-utility vehicles, which generate hefty margins for the auto maker, and slammed its North American profit in the first quarter
It's also good news for parts suppliers going into those pickup trucks.
Several General Motors Corp. plants are set to ramp up production this week after key supplier American Axle & Manufacturing Holdings Inc. and the United Auto Workers reached a tentative agreement ending an 11-week strike.
The strike had all but crippled GM's ability to produce large pickup trucks and sport-utility vehicles, which generate hefty margins for the auto maker, and slammed its North American profit in the first quarter
It's also good news for parts suppliers going into those pickup trucks.
Labels: auto
