HAMMOND, Ind.— Workers at a Lear Corp. plant in northwestern Indiana that makes automotive seats are preparing to vote on a tentative agreement that ended a one-day strike at the plant. Workers at the Hammond plant about 30 miles southeast of Chicago make seats for the Explorer and Taurus models produced at Ford's Chicago Assembly Plant.» Read More
Over the last two months, I've heard roughly the same thing time and again from people in the auto industry and in Detroit. It's a variation of the general theme, "Chrysler, or more specifically it's owner Cerberus Capital, wants to break the UAW once and for all."
I've been doing "live shots" on the Michigan housing market. I wish I could preview what the candidates would say about the current housing recession in our country, but they really haven't said anything, so I don't have a clue what to tell you. I do know this: the neighborhood I have been standing in is what I like to call "America." Friendly folks, living on nice little manicured lawns in nice little brick and shingled houses.
Third-quarter profits are expected to be the weakest in five years, but much of the slowdown may be confined to the financial sector.
Within the next 24 hours, we will know if Chrysler and the UAW have worked out a new contract or if the union is on strike. Unlike the GM talks two weeks ago, it's a little tougher to handicap the odds of a strike at the country's #4 automaker.
Negotiators from Chrysler and the United Auto Workers were set to resume contract talks after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement.
Ford Motor said on Tuesday that its retail sales of vehicles in China rose 30 percent in the first three quarters from a year earlier to 149,455 units.
As earnings season kicks off Tuesday with Alcoa's results, analysts have been lowering their already bearish forecasts.
The United Auto Workers union has set a Wednesday deadline for reaching a new labor agreement with Chrysler LLC and has threatened to strike the automaker if a deal is not reached by that time.
Here we go again, round two of the UAW contract talks, and this time the target is Chrysler. Here in Michigan, though, I'm getting a different vibe that I did two weeks ago covering the two strike at the GM.
Negotiators with the United Auto Workers union and Chrysler remained at the bargaining table Saturday evening as efforts to reach a tentative contract agreement intensified, a person briefed on the talks said.
Quick, when I mention Hyundai, what do you think? If it's along the lines of "well made cars for the middle and entry level markets" you are not alone. In fact, this reputation for solid but inexpensive cars has the Korean automaker at a crossroads.
Momentum has been building toward the United Auto Workers accepting a tentative contract with General Motors, though members at some key locals backed it by narrow margins in results released Thursday.
Today in Germany, DaimlerChrysler is officially changing its name to Daimler AG. While this is a formality, this change made me realize just how much the German automaker has benefited from selling Chrysler. Yes, I know what you are gonna say: "They paid $38 Billion for Chrysler and sold it for $7 Billion. Where's the benefit?"
DaimlerChrysler's Mercedes Car Group division achieved a 7.4% rise in sales in September to a record 124,600 vehicles, boosted by the new C-Class sedan, it said on Thursday.
Sometimes those of us covering the auto business fall into the trap of believing the "conventional wisdom". Take the idea with gas prices still holding at roughly $3 a gallon, small, fuel efficient cars will be big sellers.
Sitting high in the cab of the hulking lime-green TerraMax truck, a driver can be excused for instinctively grabbing the steering wheel. There's no need. TerraMax is a self-driving vehicle, a prototype designed to navigate and obey traffic rules -- all while the people inside, if there are any, do anything but drive.
The ill-fated merger of Daimler-Benz and Chrysler in 1998 will officially fade into history's rear-view mirror on Thursday if shareholders approve changing the German carmaker's name to just Daimler.
General Motors said U.S. sales rose nearly 4% in September, boosted by incentives on its pickup trucks, while Ford Motor and Toyota Motor posted declines.
As I watched the latest sales numbers come in for the month of September, I was expecting another month of the Big 3 posting lackluster numbers. And while the sales figures by mid-afternoon Tuesday were not great, the sales last month were not a disaster.
GM’s good fortune should trickle down to this auto-parts company, which gets 80% of its sales from the Detroit carmaker.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.