CAW reaches early deal with Ford
Preliminary deal preserves wages; protects St. Thomas plant
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David Barkholz
Automotive News | April 28, 2008 - 3:53 pm EST
Ford Motor Co. is five months ahead of schedule on a new master labor contract with the Canadian Auto Workers that would preserve Ford’s St. Thomas, Ontario, assembly plant until at least [...]
GM slashes North American truck production
DETROIT — General Motors today moved to cut full-size truck production in North America by 138,000 units for the remainder of the year.
GM will take out about 88,000 units of full-size pickup production and 50,000 units of full-size SUV production, the automaker said in a press release.
GM said that it [...]
Kerkorian offers to buy 20 million shares of Ford stock
Price: $8.50; Kerkorian would own 5.6% of automaker
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Automotive News | April 28, 2008 - 8:35 am EST
NEW YORK (Reuters) – Kirk Kerkorian’s Tracinda Corp said today it intends to make a cash tender offer for up to 20 million shares of Ford Motor Co. at a [...]
Monday, April 28, 2008
Motive in UAW threats unclear
Union pushing GM for rich Axle deal, some say; leaders cite other issues.
Sharon Terlep / The Detroit News
When the United Auto Workers launched a national strike last year against General Motors Corp., the reasons were obvious.
The automaker was demanding unprecedented cuts and historic changes in how employees are [...]
