UAW
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A joint task force has been established to help prevent the spread of coronavirus at vehicle plants in North America.
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Lincoln Navigator and Ford Expedition hybrids on the way
The UAW's deal with Ford confirms hybrid versions of the Ford Expedition and Lincoln Navigator.
Byron Hurd -
Ford Working On Downsized V-6
UAW contract agreements recently signed by Ford revealed a litany of new product details, including plans to manufacture the Ford Transit van in the U.S., introduce a new supercharged 5.8-liter V-8 in the 2013 Shelby GT500, and now details of a new downsized global V-6 engine. The contract...
Viknesh Vijayenthiran -
GM plans major changes for remaining dealerships
General Motors already has plans to slash hundreds of its dealers late next year, but for the dealers who make it through the cuts it won't just be a case of 'business as usual'. Instead, the struggling automaker will be modifying its contracts with the remaining 4,100 or so dealers in its network...
James Martinez -
GM planning to cut hundreds of metro Cadillac dealers
General Motors has already announced plans to slash hundreds of dealerships across its brand portfolio, and now it appears even high-end Cadillac dealers won’t be spared from the latest cull. Most of the cuts are expected to occur in metro areas and affected dealers will be informed by...
James Martinez -
Another round of dealer cuts imminent at GM
Just a couple of weeks ago General Motors revealed that it would be cutting ties with over 1,100 dealerships, and the bad news keeps coming for dealers as the struggling automaker is expected to cut a further 450 dealerships in the coming months. Many dealerships are under franchise agreements with...
Ralph Hanson -
In an atypically cryptic press release, General Motors today announced that it will be building a new small car at an unnamed idled UAW-staffed assembly plant here in the U.S. The new vehicle will be in addition to the already-planned 2011 Chevrolet Volt and Cruze, but it's not yet known which small car it will be. When the new small car will go into production also hasn't been disclosed, though with the Volt set to enter production late in 2010 and the Cruze aiming for an early 2010 release, it could be timed to fit between them, sometime in summer 2010. One small car candidate is the...
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New UAW deal cuts GM's competitive gap on labor costs
Labor has taken a lot of the blame for the current state of the U.S. auto industry, and to a degree, rightfully so. But without the labor, no cars can be built, so General Motors has been hard at work on a new contract with the UAW, which has finally been approved by 74% of union locals. Today GM...
Ralph Hanson -
Warren encouraging GM to move corporate HQ with tax breaks
Detroit has long been the heart of America's automotive industry, but 2009 has been a major period of upheaval for the city, with further shocks expected to come - including the possibility that General Motors will move its corporate headquarters out of Detroit downtown area and into a neighbouring...
Alex Kaufmann -
Report: UAW agrees to 17.5% stake in restructured GM, bondholders reject tender offer
In a hugely positive step for General Motors, the carmaker, together with the U.S. Treasury and United Auto Workers (UAW), reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The...
Ralph Hanson -
GM and UAW reach tentative deal
The U.S. Treasury, General Motors and the United Auto Workers have reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The details of the deal are being kept quiet until the local...
Ralph Hanson -
Chinese-built Chevrolet Spark, Aveo and Lova could hit U.S. showrooms by 2011
Just a few days ago we brought you a story about General Motors considering bringing small cars from China to the U.S. in order to bolster its sales in the segment. Currently, the carmaker is looking to sell around 17,300 Chinese-made vehicles in the U.S. by 2011 and over 50,000 units by 2014...
James Martinez -
Cutting back production and right-sizing brands and lineups is just one aspect of the restructuring underway at the hands of the U.S. federal government. Earlier this week hard cuts in both labor and dealership numbers were discussed, foreshadowing the next steps to come, and just yesterday a Chrysler memo revealed that up to 789 dealers will be eliminated by June 9. Today, GM announced that it will notify 1,100 of its U.S. dealers that their franchise agreements will not be renewed. "Approximately 1,100 underperforming and very small sales volume U.S. dealers will be advised that GM does not...
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Chrysler reveals more details on plans to cut 789 dealers by June 9
Cutting back production and right-sizing brands and lineups is just one aspect of the restructuring underway at the hands of the U.S. federal government. Earlier this week hard cuts in both labor and dealership numbers were discussed, foreshadowing the next steps to come, and today a Chrysler memo...
Ralph Hanson -
GM looking to China to source next-gen affordable cars for U.S.
Just a few days ago we told you General Motors would be looking to build more and more cars overseas as part of its restructuring plans, and that China was one of the first places they'd look. Today news that GM will in fact be bringing Chinese cars to the U.S. has begun to trickle out into the...
Ralph Hanson -
Chrysler and UAW reach agreement, bankruptcy still likely
It’s official. Chrysler and the UAW have come to an agreement, with members of the nationwide union group ratifying an earlier proposed agreement by a strong majority. According to UAW president Ron Gettelfinger, the union realizes that the contract concessions that have just been ratified...
Ralph Hanson -
Chrysler and UAW reach agreement
It’s official. Chrysler and the UAW have come to an agreement, with members of the nationwide union group ratifying an earlier proposed agreement by a strong majority. According to UAW president Ron Gettelfinger, the union realizes that the contract concessions that have just been ratified...
Ralph Hanson -
Report: UAW will get 55% stake in Chrysler
In a hugely positive step for Chrysler, the carmaker announced on Monday that it had reached a deal with the Canadian Auto Workers (CAW) union, while also agreeing to revised labor terms with the United Auto Workers (UAW) union. With just a few days left before the April 30 deadline for...
Nelson Ireson -
GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in precautionary preparations for filing a Chapter 11 may have galvanized action on the part of the bondholders. Allowing GM to go to bankruptcy court would leave bondholders in the dark as to the company's future outcome. Furthermore, the previous reluctance to engage GM's demands from bondholders may be starting to wane as bankruptcy becomes the most probable outcome of GM's future. In fact, one bondholder with a large stake in the...
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Slow sales to keep Corvette plant closed through July
Rick Wagoner was sent packing earlier this week, then GM debuted a new buyer assurance program and guaranteed warranties, and Fritz Henderson put out a message of determination in the face of difficulty today, but Corvette's plant in Bowling Green won't be back in full operation until at least...
Ralph Hanson -
UAW president Ron Gettelfinger retiring in 2010
The United Auto Workers (UAW) is one of America's most important unions, and the results of its dissatisfaction have been felt as recently as last year when a strike at American Axle left GM customers without cars for months in certain cases. Now, the UAW's ringleader, Ron Gettelfinger, has...
Ralph Hanson -
Ford, Chrysler say GM should get more out of CAW
Ford is projecting the strongest image of the Detroit 3 at the moment due to its refusal to seek government loans, but it says the deal General Motors and the CAW reached won't be good enough to keep Ford competitive in Canada. GM, on the other hand, seems pleased with its deal, and has announced...
Ralph Hanson -
Ford and UAW deal could save $500 million annually
Taking care of its retirees is one of the things the American auto industry prides itself on, and for good reason. But it's also one of the things that are making it hard to compete with foreign carmakers - the expenses are getting out of control. To help keep both Ford and the UAW operating in the...
Ralph Hanson -
Chevrolet Volt driving day planned for Obama’s auto industry task force
They did it in the nation’s capital at the first round of viability meetings and tomorrow in Detroit government officials will once again be able to drive a prototype for the upcoming Chevrolet Volt plug-in hybrid. This time around the officials will include the Obama administration’s...
James Martinez