Report: Union breaks off talks with GM By John Letzing, MarketWatch Last update: 3:52 p.m. EST Feb. 14, 2009 SAN FRANCISCO (MarketWatch) — The United Auto Workers has walked away from concession talks with General Motors Corp. over a dispute on payments to a retiree health-care fund, according to a [...]
Auto Workers’ 54-Year Safety-Net Pay May Be Scrapped in Talks By Jeff Green and Keith Naughton Feb. 13 (Bloomberg) — General Motors Corp. and Chrysler LLC, trying to keep $17.4 billion in U.S. aid, are asking the United Auto Workers union to end a 54-year-old benefit that ensures almost full pay during layoffs. The [...]
February 14, 2009 UAW rejects GM, Chrysler proposal in loan talks By Justin Hyde Free Press Washington Staff WASHINGTON — The UAW is rejecting changes to a retiree health care trust proposed by General Motors Corp. and Chrysler LLC, saying the companies want to shortchange workers to benefit bondholders. The union said today that [...]
Friday, February 13, 2009 Chamber chief rips ‘Buy American’ plan Louis Aguilar / The Detroit News DETROIT — The head of the U.S. Chamber of Commerce said the organization is still lobbying Congress to eliminate any "Buy American" provisions in the $789 billion economic-recovery package that could be approved by the Legislature as soon as [...]
Saturday, February 14, 2009 Suppliers request $18.5B in U.S. aid Industry warns of collapse without help; Obama to name 3 as auto-czar team by early next week. David Shepardson / Detroit News Washington Bureau WASHINGTON — The nation’s auto suppliers asked the Treasury Department for at least $18.5 billion in emergency aid Friday as the [...]
Saturday, February 14, 2009 GM, Chrysler rush plans Automakers prepare to submit restructuring proposals to Treasury Department on Tuesday. Robert Snell, Alisa Priddle and David Shepardson / The Detroit News General Motors Corp. and Chrysler LLC are scrambling to finish key negotiations and fine-tune restructuring plans that will dramatically transform companies pushed to the brink [...]
Chrissie Thompson Automotive News | February 13, 2009 – 4:23 pm EST GM to idle 1,450 workers at Ohio powertrain plants queryvar=”gm,to,idle,1,450,workers,at,ohio,powertrain,plants”; General Motors will idle about 1,450 workers for one or two weeks at two Ohio powertrain plants in the automaker’s latest production cuts. About 100 hourly employees at GM’s Defiance engine [...]
