General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
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.
Inside of a week now to the year's most anticipated entertainment event. Not Shrek. Spider-man. Even Pirates. Nope, I'm talking Master Chief, Cortana. The Covenant. I'm talking "Halo 3."
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".
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.
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Stocks rallied sharply during the week after the Federal Reserve surprised investors with a deeper-than-expected interest-rate cut.
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.
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.
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Stocks closed higher for the second straight session as Wall Street continued to celebrate Tuesday's half-point rate cut and analysts looked to the Fed for further action. "We got a Christmas present yesterday and we'll take it, but the game is not over yet," said Gregory Church, chief investment officer at Church Capital Management.
The United Auto Workers and General Motors resumed negotiations for a new labor contract on Wednesday, five days past the expiry of the previous pact.
There was a time when the idea of crude oil hitting $100 a barrel would have sent the auto industry into a panic. Funny, with oil now trading at roughly $82 and with a growing number of forecasters saying $100 is a possibility, the bread and butter big rigs (SUVs, pick-ups, crossovers) are still selling. People still want them, even if there's a greater chance of gas prices rising. Why?
Negotiators for the United Auto Workers union and General Motors broke off contract talks on Tuesday night and prepared to return to the bargaining table on Wednesday as the union cautioned it could be forced to set a deadline if progress stalled.
Negotiators for the United Auto Workers union and General Motors were scheduled to resume discussions later on Tuesday as GM factory employees went to work as usual on the fourth day without a new contact.
We all know them. The person who swears they'll never drive anything but Mercedes, BMW, or Lexus. When it comes to brand loyalty and the prospect of considering different brand cars and trucks, the foreign guys have enjoyed the type of loyalty American car companies crave.