The automaker has through Oct. 9 to reach an agreement with the union.
General Motors Co. posted a $2 billion net profit in the fourth quarter finishing the year strong despite supply chain struggles, record prices and other disruptors.
GM also announced a total investment of $6.5 million at its Michigan-based Ypsilanti Processing Center and Davison Road Processing Center.
Around $28 billion in green bonds are available globally for automakers to help fund their transition to electric vehicles.
The Detroit automaker has earmarked $854 million to prepare four plants to produce its sixth generation Small Block V-8 engine.
GM has recalled 140,000 Chevrolet Bolt electric vehicles in North America over a potential fire risk when seat belt pretensioners deploy in a crash.
An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
GM surges, peers also gain, though some see declines amid market pressures.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
Two members of the U.S. House of Representatives have launched a bipartisan effort to spur legislative efforts that support self-driving vehicles.
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