Discussions between Unifor and GM are scheduled to begin on Thursday, and the union set a strike deadline of 11:59 p.m. ET on Nov. 5. The talks will cover about 1,600 hourly workers, most of them at the St. Catharines plant.
Without additional stimulus, the positive credit metrics seen amid the pandemic protections period could end. And without more clarity from Congress, major auto lenders will continue to brace for the worst-case scenario.