I don't see where the money is going to come from. GM stock has been basically flat ever since they went public again, GM is exiting the car business because they are not competitive, I am seeing adds for $12,000 off on their new trucks, GM's self-driving car business seems to have flopped, they have basically failed in electric cars and the only thing that I have seen advertised other than discounts is a nifty tailgate. When you add in that by historical standards we are already overdue for a recession in general and the auto business in particular things aren't looking good for GM. I sold my stock in GM several months ago.
As for the amount the negotiations themselves, if all of the UAW workers in my area quit I believe that GM could get qualified replacements as fast as they could process the paperwork for at least a 30% discount. Then GM would have a fighting chance in the market. I dare the UAW to test that theory.
GM profit figures translate to healthy profit-sharing bonuses for GM UAW workers. Each member will receive a $10,750 profit-sharing check on Feb. 22,2019. The figure follows company profits, thus, the bonus is down from $11,750 last year. GM typically leads in its profit-sharing bonuses for UAW members. Ford announced a $7,600 profit-sharing check for its employees coming this March. Fiat Chrysler Automobiles hasn’t disclosed its earning yet.
GM said since 2010 it has paid more than $80,500 to each UAW employee in profit-sharing checks. GM pays an average of $1,000 per billion of profits which were 10.8 in 2018.
Ford profits down more than 50 percent in 2018. Dearborn — Ford Motor Co. made $3.7 billion in 2018, a 52 percent slip in profit compared to the year prior, due largely to poor performance from the company's Chinese and European businesses.Jan 23, 2019. Historical daily share price chart and data for Ford Motor since 1972 adjusted for splits. The latest closing stock price for Ford Motor as of September 24, 2019 is 9.11. and is rated "Junk"
The all-time high Ford Motor stock closing price was 42.45 on May 03, 1999.
Along with GM, Ford and Chrysler are existing or greatly reducing their car businesses in favor of trucks, crossovers and SUVs. Honda has said they believe there is still a market for sedans and it appears the other auto makers feel the same way.
Remember when people were dumping trucks and SUV's when oil prices soar? Is that going to happen again?