NEW DELHI, Sept 3- Optimism that sunny growth figures herald an economic revival in India is probably misplaced- in fact there is little hard evidence to support the idea that Asia's third-largest economy is heading for a broader and sustained rebound anytime soon.» Read More
The United Auto Workers union's strike against General Motors went into its second day Tuesday, with UAW and GM representatives meeting again at the negotiating table.
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A protracted work stoppage could prove disastrous, with a housing downturn and credit market unrest already threatening to stall an expansion now in its sixth year.
DaimlerChrysler said Tuesday that a program launched in 2005 to restore the luster of the company's Mercedes Car Group has worked so well that it's being ended ahead of schedule.
At this time yesterday morning, I boldly and unequivocally blogged about my belief that GM and the UAW would avoid a strike and agree on a new contract. If you read that and then, just a few hours later, saw me interview striking workers in Warren, Michigan, you probably said to yourself, "boy did he get that wrong!"
United Auto Workers stage a national strike after the two sides fail to sign a new contract by a union-imposed deadline. Sides still talking.
A strike at U.S. automaker General Motors will hurt suppliers if it drags on, further battering an industry already suffering from shrinking sales and possible bankruptcies, analysts said.
As many as 100,000 Canadian workers could be laid off by the end of this week if the strike at General Motors' U.S. operations drags on, the head of the Canadian Auto Workers union said Monday.
As I walk along the UAW picket line outside the GM power train plant in Warren, Michigan, I hear the same thing over and over: "protect our jobs". For all the talk about GM and the UAW being able to agree on a groundbreaking fund to handle rising healthcare expenses, the sticking point is old fashioned job security.
Members of the United Auto Workers union at General Motors Corp reacted with a mixture of nervousness, surprise and stoicism Monday after their union called a strike against the top U.S. automaker.
The strike at General Motors will cause U.S. production losses of 760 vehicles per hour and could shut the automaker's facilities in Canada and Mexico within three days, a leading industry analyst said Monday.
After more than 20 straight hours of talks, negotiators for the United Auto Workers and General Motors face a strike deadline of 11 am this morning. In past years that would prompt people to say, "uh oh, there's gonna be a nasty strike".
Truck deliveries by world No.2 truckmaker Volvo fell 4% in January through August as gains in Europe and Asia failed to offset lingering weakness in North America, the firm said on Monday.
General Motors and the United Auto Workers union on Sunday rushed to complete a cost-cutting labor deal that would allow the top U.S. automaker to cut itself free from a $50 billion retiree health-care burden.
Two people who have been briefed on the talks said Saturday that bargainers reported progress toward an agreement on the linchpin of the talks, GM funding a union-run trust that would take over much of the company's $51 billion unfunded obligation to pay health care costs for retirees.
General Motorsand the United Auto Workers union resumed negotiations Friday after adjourning talks in the early hours as 73,000 GM workers returned for another day of work without a new contract.
Airbus's chief operating officer said the rise in the euro to above $1.4 meant the European plane maker might have to find another billion euros in savings under a restructuring plan drawn up with the euro at $1.35.
Negotiators for General Motors and the United Auto Workers, trying to craft a new contract, are still discussing the automaker's proposal to pay the union to form a trust and take over the company's huge retiree health care obligation, according to two people who have been briefed on the talks.
Chrysler's newest hire, and new head of sales and marketing, Jim Press, says he's "on the home team" and ready to grow the struggling American automaker. But as I listened to the first public comments from Jim Press, I kept asking myself, "how exactly will this man revive Chrysler?" For now, that is still unclear.
Ford Motor on Thursday said Francisco Codina, the automaker's North American sales and marketing chief, will retire on Nov. 1 after a 30-year career with Ford.