General Motors has revealed it lost $1.1 billion as result of the historic United Auto Workers strike and will cut spending in its automated driving unit and slash electric vehicle production to cover new union contracts.On Wednesday, the automaker reinstated its full-year earnings forecast that was withdrawn after the union started targeting its factories with strikes on September 15.The strike lasted until October 30 when General Motors and the United Auto Workers reached a including include a 25 percent hourly pay raise plus cost-of-living allowances over the more-than-four-year contract.
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