PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...» Read More
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.
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.
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.
Warren Buffett's Berkshire Hathaway raises its Burlington Northern Santa Fe stake by exercising 7.8 million options to buy stock.
US Airways Group said on Wednesday it will cut flights from its unprofitable Pittsburgh hub, a move that will cut about 450 airlines jobs in the city.
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.
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.
United Auto Workers members at a local headquartered near Detroit voted overwhelmingly on Monday to approve the union's tentative contract with General Motors in one of the first tests for the new labor pact.
The tentative contract between General Motors and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
The Teamsters union and United Parcel Service on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
September auto sales are expected to be weak due to a credit crunch, high gas prices and the troubled housing market, reflecting an overall slowdown for the year but little effect from the brief strike against General Motors, industry analysts say.
The United Auto Workers won guarantees in its tentative contract agreement with General Motors that many new products would be built at U.S. plants to save jobs, union President Ron Gettelfinger said Friday.
With oil pushing through the $80 mark and not looking back, crude tanker stocks are getting a lot more attention. But it isn’t just oil being carted throughout the high seas. What about investing in companies that ship everything else?
General Motors' quick settlement with its major union allows the softening U.S. economy to sidestep another blow and sets the stage for similar deals that could boost domestic automakers, analysts and investors said Wednesday.
A top executive at Toyota Motor said on Wednesday that achieving a rise in U.S. sales in September might be tough because of a spike in sales in the same month a year earlier.