GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend

GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend

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FILE - United Auto Workers members join the picket line, in Detroit, Friday, Sept. 15, 2023. General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.…

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