GM cancels Nov. 17 investor day, will move to next year By Reuters


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(Reuters) – General Motors (NYSE:) said it has canceled a Nov. 17 investor day event and will move it to early next year to allow company leaders to focus on ongoing labor talks.

GM faces an ongoing month-old strike by the United Auto Workers of two assembly plants and 18 parts distribution centers. Earlier this month, GM said it secured a new $6 billion line of credit and estimated the cost of the strike was $200 million through Sept. 30.

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