GM Taps JPMorgan For $6 Billion Credit Line As Strikes Hit Third Week
October 04, 2023 at 15:25 PM EDT
The strike by the United Auto Workers union against Detroit’s three major automakers (Ford Motor Co., General Motors Co., and Chrysler-parent Stellantis) entered its third week on Monday, with seemingly little progress made. Notably, General Motors has activated a multi-billion dollar credit line from JPMorgan Chase Bank, an indication the automaker might be bracing for […] Source
