General Motors estimated that a sweeping carworkers strike has so far cost it $800mn in earnings before interest and taxes, with another $200mn lost each week as the walkout drags on.
Chief financial officer Paul Jacobson said the Detroit carmaker — which had forecast in July that it would earn an adjusted $12bn-$14bn in operating income for the year — was withdrawing its guidance due to the uncertainty triggered by the industrial action.
“We’re not going to speculate on the duration or extent of the strike,” he said.
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