GM cancels Nov 16 investor day, will move to next year
Business
The auto giant faces an ongoing month-old strike
(Reuters) - General Motors said it has canceled a November 17 investor day event and will move it to early next year to allow company leaders to focus on ongoing labor talks.
GM faces an ongoing month-old strike by the United Auto Workers of two assembly plants and 18 parts distribution centers. Earlier this month, GM said it secured a new $6 billion line of credit and estimated the cost of the strike was $200 million through Sept. 30.
