General Motors (GM) makes counteroffer to striking UAW

Detroit automaker, General Motors (NYSE: GM) revealed Thursday that they have submitted a counteroffer to the United Auto Workers (UAW), its sixth since talks began, in hopes to end a strike by the union against the U.S. automaker.

"We believe we have a compelling offer that would reward our team members and allow GM to succeed and thrive into the future," the company said in a statement.

"We continue to stand ready and willing to negotiate in good faith 24/7 to reach an agreement.”

Details of the offer were not released.

Targeted strikes against the Detroit 3 (General Motors, Ford (NYSE: F) and Stellantis (NYSE: STLA)) began after the union’s 4year contract expired on September 15th.

Shares of GM are down 3.4% in afternoon trading on Thursday.

By Michael Elkins | [email protected]

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