GM Faces Losses of $50 Million a Day in First UAW Strike in 12 Years

The United Auto Workers (UAW) initiated a strike against General Motors (GM) for the first time in 12 years after failed negotiations over the weekend. Despite President Trump's call for a deal, no agreement was reached, and the strike began at midnight. GM proposed a $7 billion investment across eight U.S. plants and 5,400 new jobs, but the UAW rejected it, citing unmet key issues like health care. Credit Suisse estimates the strike could cost GM $50 million daily, affecting share prices as investors assess the strike's duration.

What are some key components that the UAW found lacking in GM's offer?

What financial impact is Credit Suisse estimating for General Motors due to the strike?