Several auto parts makers and suppliers have lowered their full-year forecasts a...
- Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors .
Last week, members of the United Auto Workers ratified a new four-year labor deal, ending the strike that began on Sept. 16 over higher pay, greater job security, a bigger share of profit and protection of healthcare benefits.The driveline and drivetrain systems maker said the strike reduced third-quarter sales by $57 million and also warned of an about $250 million hit to full-year revenue, prompting the company to lower its 2019 forecast.
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