GM says UAW strike cost $1.1 billion, but 2023 profits will be 'very strong'

General Motors said Wednesday the United Auto Workers strike cost the company $1.1 billion as it reinstated its full-year 2023 earnings guidance. In 2023 GM twice increased its earnings guidance – an official company prediction of near-term profits and losses, expressed as an amount of money per share – but withdrew them when the UAW went on strike.