In an article by The Motley Fool, General Motors is facing very weak truck sales figures, down 20 percent in February alone. With oil prices well over $100 per barrel, automakers in the truck industry are fighting one another for each truck sold. And with heavy hitters like the Toyota Tundra and Ford F-150, the race is becoming tighter and tighter.

For nearly a month so far, GM has been battling the UAW strike with American Axle, a strike that could cost GM nearly $3.5 Billion if it happens to last for three months. The problem lying here for GM, is their stationary inventory on dealer lots, as well as stocked parts. If no resolution is found soon enough with the UAW strike and all of GM's trucks in dealer inventory are purchased, there will be no replacements, thus placing General Motors in a corner with zero income from those already accounted vehicles.

The current standstill in GM production has affected their other suppliers as well, forcing GM's interior supplier, Lear, to lay off 1,100 workers at 10 plants already, as well as Tenneco, an automotive parts maker, to lay off hundreds of employees.

No official agreement has been made between American Axle and General Motors as of yet.

Source: The Motley Fool