Frances Bolton (PHI) fbolton at
Wed Jul 29 07:25:29 PDT 1998

On Wed, 29 Jul 1998, Doug Henwood wrote:

> Ok, so who won?
15% increase in production quotas, and a promise from GM to not close or sell two factories before Jan. 1999? An auto analyst for Paine Webber ws quoted as saying, "I think the market expected GM to deliver a knockout blow, and they didn't."

Looks like the UAW backed down because of the lawsuit and threat of arbitration. Looks like GM won.


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