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    GM's Higher Earnings Guidance Hinges on Successful Labor Pacts


    General Motors (GM) has raised its full-year earnings guidance, but this depends on the outcome of its labor negotiations with the United Auto Workers (UAW) union in the US and Unifor in Canada.

    gm logo“This is the second time we’ve raised guidance this year and it assumes that we successfully negotiate new labor agreements without a work stoppage,” GM chair and CEO Mary Barra said in a letter to shareholders on July 25 as the company released its second quarter earnings.

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