Conversations took place in the evening on Saturday, according to a person familiar with the negotiations, as the two sides seek an agreement on big questions about wages, profit sharing, job security and GM's use of temporary workers.
it is not clear whether the union wants the workers back to work during the ratification process or wait for it to be ratified.
This is equivalent to lost wages of about $ 18 million per day for striking GM employees, according to an estimate by the Anderson Economic Group, a Michigan research firm that focuses on the automotive industry. The strike has cost GM about $ 25 million a day in lost profits, according to Anderson.
GM had built up the inventory of cars it had available before the strike to limit lost sales. However, the credit rating agency Moody's had estimated that when the strike lasted more than one or two weeks, the chances of it having a significant impact on the economy increased. GM's credit rating is just one step above the status of rubbish bonds and any downgrade to the status of rubbish bonds will risk raising the cost of loans.