Mark Dayton unveiled a plan Monday that would resurface or replace 2,200 miles of roadway, repair 330 bridges and boost funding for local infrastructure projects— but would come at a noticeable cost to taxpayers. His proposal would add a new 6.5 percent tax on gas at the wholesale level and hike license tab fees, with a separate sales tax increase in the Twin...» Read More
Chrysler CEO Bob Nardelli said Monday he has a three-pronged strategy to return the company to profitability that starts with listening to the company's detractors.
The United Auto Workers union already has seen two strikes and significant dissent in this year's round of contract talks, but the fight could be just beginning as the union turns to its last bargaining partner, Ford Motor.
Workers represented by the United Auto Workers voted to ratify a four-year contract with automaker Chrysler, the union announced Saturday, capping a close-fought ratification battle that had threatened to scuttle the labor pact.
Some 2.75 billion passengers will take domestic and international flights by 2011, an increase of 29 percent on the total passenger traffic in 2006, the industry body IATA said on Wednesday.
Car makers should brace for another tough year in the U.S. market, as the fallout from the subprime mortgages crisis will affect other areas of the economy, Carlos Ghosn, CEO of the Renault-Nissan alliance, told "Squawk Box Europe" Wednesday.
Toyota said Monday it sold 2.34 million vehicles globally in the July-September quarter, fewer than General Motors' tally, as its U.S. rival regained the lead in the race to be the world's top automaker.
United Auto Workers members at a major Chrysler assembly plant in St. Louis have overwhelmingly rejected a proposed contract with Chrysler, delivering a setback to union leadership in early voting on the four-year deal. ...But a smaller local at the Chrysler engine plant in Kenosha, Wis., approved the contract by 82 percent.
As with Union Pacific, Caterpillar came out with very cautious commentary. Caterpillar's third quarter earnings were slightly below expecations, and they lowered 2007 outlook (down 3% pre-open), but the name of the game is to lower expectations overall.
Train service started back up throughout much of France but many commuters in Paris biked, roller-bladed and even used children's scooters Friday as city transit workers kept up a second day of strikes against proposed economic reforms.
Earlier this year, this industry took a big hit on concerns about the housing market, but on Thursday Union Pacific (UNP) proved the railroads can still make a lot of money moving fertilizer, coal and auto parts around this county. Here’s why you may have another chance to ride the rails.
General Motors said Thursday its global sales rose 4 percent to a record 2.38 million cars and trucks in the third quarter of 2007, driven by strong demand in emerging markets.
U.S. railroad CSX posted a better-than-expected profit Tuesday, citing higher revenue per carload that offset lower freight volumes. The company reported third-quarter net income of $407 million, or 91 cents per share, compared with $328 million, or 71 cents per share, a year earlier.
New car sales in Europe were slightly down in September and virtually flat over the nine months, data showed on Tuesday, as consumers remained cautious despite low interest rates amid a paucity of new car models.
A new four-year contract between General Motors and the United Auto Workers will transfer an estimated $46.7 billion worth of retiree health care liability from the company to the union and will significantly reduce labor costs, the company said Monday.
Ford Motor, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors and Chrysler, analysts said on Thursday.
The United Auto Workers union reached a tentative labor agreement with Chrysler that includes a health care trust, ending a strike against the automaker on the same day it began.
Chrysler autoworkers started to walk off the job after the automaker and the United Auto Workers union failed to settle on a tentative contract agreement before a union-imposed deadline.
"So when I slip it into gear, is that when you start screaming?" It's a question I ask Jake the engineer with a smile on my face, just before I start this behemoth of American muscle rolling down the tracks. "Flip the lever sideways,'" he says. "Blow the horn."
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.