Strike Is Costing GM $1.1 Billion And Denting The Automaker's Legacy

The video discusses GM's historical innovation through Motorama concept cars and its current challenges due to a strike by nearly 50,000 workers. The strike has significant economic implications, with GM potentially losing $1.1 billion and workers losing $624 million in wages. GM has attempted to address the strike by offering improved compensation and benefits, but negotiations have worsened. The union demands increased US auto production and job relocation from foreign plants, affecting global operations.

What was the primary focus of GM's Motorama concept cars?

• To reduce production costs

• To improve fuel efficiency

• To anticipate future customer needs

• To compete with European car manufacturers

How much income is GM projected to lose if the strike continues?

• $500 million

• $2 billion

• $1.1 billion

• $750 million

What financial support do striking workers receive from the union?

• $150 a week

• $100 a week

• $200 a week

• $50 a week

What is one of the union's demands in the negotiations with GM?

• Increase auto production in the US

• Lower the cost of vehicles

• Reduce the number of working hours

• Increase the number of foreign plants

How has the strike affected GM's foreign operations?

• Increased production in foreign plants

• No impact on foreign operations

• Closure of two assembly plants in Canada and Mexico

• Expansion of foreign workforce