G.M. dealers see dwindling supply of hot models
Article Abstract:
General Motors Co.'s autoworker's strike has caused a shortage of its most popular models, with few combinations of color and options available in the showrooms. The dwindling supply of Tahoe and Suburban sport-utility vehicles have forced not only the prices of these models to rise, but the prices of used GM models to rise as well. The company has discontinued its $500 and $1,000 coupon discounts it had been offering in spring 1998. GM's competitors, Ford, Chrysler, and foreign automakers, try to use the shortage to their advantage by luring GM customers with wider selection, but seldom at lower prices. The two strikes comes at an inopportune moment, when their inventories were low and the company had been meeting with record sales of light trucks and sport-utility vehicles in a booming economy. GM has been forced to close 26 of its North American assembly plants.
Comment:
GM's autoworker strike has resulted in a shortage of GM's most popular models
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Bit of progress in talks to end strikes at G.M
Article Abstract:
Top officials from General Motors and negotiators from the United Auto Workers union (UAW) have moved a step closer to ending the month long strike at GM. A spokesperson from the UAW said that the spirit of the talks had improved and that they would be continued through the 4th of July weekend. Both sides hope to reach an agreement quickly in order to resume production by July 13th. This may prove to be tough, however, as there are separate negotiations going on between individual striking plants and GM. The UAW's demands include $300 million dollars worth of health and safety changes which GM is countering with its own demands for changes in pay structure and work rules. Both sides feel that despite the crippling effect the strikes are having on production and on the lives of the striking workers, they still have a ways to go before reaching an agreement.
Comment:
Progress in talks between GM and UAW
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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As G.M. idles plants, talks make progress
Article Abstract:
General Motors (GM) was forced to shutdown some of its most profitable assembly plants as a result of two strikes at its parts facilities. The shutdowns increased the number of GM workers that are currently laid-off on a temporary basis to 50,900. However, negotiators have started to make some progress in talks. Union leaders were angered by GM's pre-strike decision to remove parts manufacturing equipment from one of the two facilities that went on strike. This had stalled negotiations.
Comment:
Forced to shutdown some of its most profitable assembly plants as a result of two strikes at is parts facilities
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Comment about this article or add new information about this topic:
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