GM Workers Staying on Strike as Members Vote on New Contract (1)

The United Auto Workers will continue striking against General Motors Co. until a tentative deal is ratified by members, extending its walkout for at least another week.

Voting on the proposed contract will begin Oct. 19 and ballots will be due by Oct. 25, Brian Rothenberg, the UAW’s spokesman, said during a press conference Thursday in Detroit. The strike began Sept. 16 and has cost GM an estimated $2 billion.

GM shares fell 0.5% to $36.02 in late trading. The stock is down about 7% since the strike began.

The walkout has already had a profound effect on the U.S. ...