General Motors CEO Mary Barra told CNBC in an interview:

“I’m frustrated and disappointed. We don’t need to be on strike right now.

“We have a very generous offer on the table right now. It’s historic. From a wage increase perspective, it’s the most significant offer we’ve had in our 115-year history.

Barra warned:

Strikes will “not be good for the economy overall.” 

She added:

Strikes can be resolved “very quickly” after a “historic” offer from the automaker.

Still, GM’s offer and Ford’s and Stellantis’ offers are still well below the demand threshold for the union.