It’s just difficult to predict now at this point what that would look like.” “So we will recover every unit that we possibly can. “It’s difficult to add overtime on top of overtime,” said CFO Dhivya Suryadevara. GM’s truck plants are all running around the clock already. However as GM plants get back to work, “with no additional vehicles in the pipeline for many weeks, our dealer inventories will be temporarily leaner than we like,” CEO Mary Barra told investors.Īlthough GM is doing everything it can to restore its supply of vehicles back to normal levels, Barra said it will be difficult to make up for six weeks of lost production, particularly for its bestselling vehicles, including pickups and SUVs. (GM) rose 5% in midday trading Tuesday following the report.Īlthough GM was unable to build any cars at American factories during the strike, it had built up an inventory of vehicles ahead of the walkout to give its dealers the supply of cars and trucks they needed to keep selling. The results were not as bad as investors had expected, and shares of GM The market for new car sales in China, GM’s largest market, has slowed considerably in the last year, cutting GM’s sales there by 16%, as it lost market share in that key market. International sales, which ironically had little impact from the strike, took a hit. The revenue from North American vehicle sales actually increased $321 million in the period as US sales rose 6%.

GM was able to post a $2.3 billion profit in the third quarter, despite the strike and a $318 million drop in sales. GM could never offer strikers everything they wanted. United Auto Workers union member and their families rally near the General Motors Flint Assembly plant on Octoin Flint, Michigan.

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