BearZ06

https://gmauthority.com/blog/2023/11...e-cost-by-500/

chevyrules727

And I am sure the $10 billion in stock buy backs couldn't be used to help pay for the new contract instead.....

Ron_Attleboro_MA

How about an increase in quality?
Here's the question I posted on 'Autoline Today': Is is true the 'transplants' auto manufacturers have better quality than the the UAW plants?
How about Tesla quality?
I am proud to own a 2024 HTC. The only problem in 2 months of ownership is the passenger seat-belt retractor locked up and had to be replaced.
I have a 'whine' noise under light throttle but it is getting better over time. So I will assume the noise will end after gears and differential break-in.
Love the car. Merry Christmas to all, and to all vroom-vroom.

RKCRLR

"General Motors did not indicate if the increased production costs would be handed over to the consumer."

Yea, like they're just going to take the hit out of the bottom line. Stockholders would love that.

2500 hd

This..

Maxie2U

Earth to uninformed one. 90% of GM profits are pour right back into the business in the way of R&D, new car design/development, retrofit and retooling factories, new paint plants and let’s not forget the untold BILLIONS GM is spending on its transition to elect vehicles.

BTW, the $500 MSRP increase is just the start as industry analysts have said GM will have to raise prices across the board $5,000 in the next few years to offset the cost of the new labor contract.

chevyrules727

GM has announced that they will be doing $10 billion in stock buy backs which is what I was referencing.

But hey let’s throw stones at the employees getting paid better costing us money instead of you know…. Not doing stock buy backs to pay for those new contracts. Especially at $10 billion.

plasboy

On Autoline Daily they said GM plans no price increases. Will be offset by reduction in EV and autonomous development and other cost cutting measures.

Red Mist Rulz

Yeah, hard to believe GM's whining about how they couldn't afford to give the workers more money because they needed to "invest" in EV development, and then turn around and spend $10 billion to jack up their stock price (and who at GM has lots of stock? Not the workers.)

GM is in a competitive market. They don't have the freedom to just increase prices if competitors, including non-union companies, are offering product at lower prices.

Red Mist Rulz

Talk about being uninformed..... Not sure what "analysts" you listen to, but I haven't seen a single credible analysis that matches that. And the 90% figure is hogwash. That $10 Billion sure isn't going into R&D. GM's profit in 2022 was just over $20 Billion. It will be significantly less in 2023, so more than 50% is going to make investors (like Mary Barra, who get tens of millions of dollars in stock every year) even richer.

Scruff Vette

You can chose to believe it...or not. This is how capitalism and private enterprise (GM specifically in this video) works: https://www.gmnegotiations2023.com/p...its%20everyone.

ZipZap

Hit the market perfectly! Happy workers getting pay increases built my car, but my price was set before the strike.

RKCRLR

GM goes through great efforts just to save a few pennies on a part. If another manufacturer has lower costs to make a similar product and both products sell at a similar price then the other manufacturer will have higher profits. Stockholders will shift to a company with more value all else being equal. I rather invest in a company that is more profitable than a company that isn't. GM will need to lower costs in other areas to maintain profitability if they don't raise prices. On of the areas that often suffers when this happens is quality. If you could always absorb cost increases then why limit them?

Maxie2U

Throw stones at unskilled overpaid employees….never lol.

spireland

Sometimes I feel like I'm the only Corvette owner that cares the car was built by American autoworkers.

Its shocking how ya'll seem to just dump on the people who built your car.

RKCRLR

I don't have a problem with american autoworkers getting a fair wage. I have a problem with them thinking that a fair wage for them is higher than market rate wages of unskilled labor in other areas; and when teachers, nurses, etc. put in time and money to learn a profession but then not getting compensated at a proportionally higher rate. A fair wage is what the market will bear for your skill level. If you want a higher wage then put some effort in increasing your skill level.

spireland

I agree that teachers, nurses, and a lot of other professionals do not earn what they should. Both are criminally underpaid, doubly so early in their careers. After the cost of college/training it's crazy they don't make more.

I don't agree that means that autoworkers should take less because another group is underpaid. Everyone should be paid fairly. That's the core of the American dream, isn't it?