GM shares are rallying - erasing much of the strike losses - after reports that the United Auto Workers have struck a tentative labor deal.
This is a critical step in ending the month-long strike by more than 49,000 workers that has brought more than 30 GM factories in the U.S. to a standstill.
The UAW’s national council will decide whether to recommend the agreement for a ratification vote, and if the strike will continue in the meantime.
Investors are not waiting for ratification...
Workers left their jobs early Sept. 16, demanding a bigger share of GM's profits, job security, and a path to permanent jobs for temporary workers. Details of the newly agreed, four-year agreement have yet to be released.
How long until President Trump chimes in and claims he helped.
