Despite facing setbacks from a costly auto strike, General Motors reported a notable uptick in U.S. new vehicle sales, reaching approximately 2.6 million units for 2023. This marks a substantial 14.1% increase from the previous year.

General Motors' Canadian plants were hit with labor disruption after Unifor, the union representing Canadian auto workers, failed to secure a labor contract with the automaker late last night.

The United Auto Workers (UAW) strike could certainly affect General Motors and Ford the longer it lasts but there appears to be much risk already priced into their stocks.

Squeezing automakers for even higher labor costs is a dangerous game.

Strikes at Detroit’s automakers could hit the brakes on Carvana’s turnaround. The $10 billion used-vehicle vendor’s share price has increased nearly 10-fold this year as profitability improved. An industry-wide shutdown could reverse that trend.