The United Auto Workers international executive board has endorsed Democrat Barack Obama for president.
UAW President Ron Gettelfinger said Tuesday in a news release that Obama has given the country a positive vision for a better America and concrete plans to achieve it.
Gettelfinger notes the Illinois senator has pledged to rebuild the country’s manufacturing base and [...]
Barack Obama is picking up a major labor endorsement. The United Auto Workers international executive board tossed its support to the presumptive Democratic candidate.
Union President Ron Gettelfinger said in a news release that Obama has given the country a positive vision for a better America and concrete plans to achieve it, including a pledge to [...]
The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater discounts from car makers, who will try to offset the negative impact on the industry, [...]
Last we looked, none of Ontario’s auto plants were located in Premier Dalton McGuinty’s Ottawa-area riding. Yet the premier has been consistently supportive of Canada’s largest manufacturing sector, the powerhouse of Canada’s largest provincial economy.
When General Motors Corp. announced about 970 layoffs at its Oshawa complex last week, McGuinty popped up a day later to [...]
By David Bailey and Soyoung Kim
DETROIT (Reuters) - Investors led by Appaloosa Management backed out of a $2.55 billion equity deal to support Delphi Corp’s DPHIQ.PK emergence from bankruptcy on Friday, dealing a blow to General Motors Corp (GM.N: Quote, Profile, Research) and its goal of putting the problems of its [...]
DETROIT (Reuters) - Several hundred million dollars of loans to Chrysler LLC have been sold off by one of its underwriters at a deep discount, reflecting the mounting pressure on both the struggling automaker and its bankers since a $7.4-billion deal to take it private last year.
The sale of Chrysler by [...]
And the May 2008 issue is no exception. Dubbed the Great Design Issue, noted architects and designers were asked to select an item — in their own lives — that reflects the pinnacle of style. Selected items are all over the map, including jeans, jewelry, bicycles and furniture.Not surprisingly, several autos and even a couple [...]
In a statement released later Sunday, American Axle said the UAW rejected its request that a federal mediator assist in the negotiations.”AAM had hoped that the involvement of an impartial third party at the bargaining table could assist both sides. … AAM was disappointed in the UAW’s decision,” the statement said.UAW President Ron Gettelfinger said [...]
DETROIT (Reuters) - Sales incentives offered on new vehicles in the U.S. market were up 4 percent in March from a year earlier as automakers struggled with sagging demand, according to a report on Monday.
Automakers spent an average $2,519 in incentives to sell a vehicle this month, up $94 from a [...]
DETROIT (Reuters) - Sales incentives offered on new vehicles in the U.S. market were up 4 percent in March from a year earlier as automakers struggled with sagging demand, according to a report on Monday.
Automakers spent an average $2,519 in incentives to sell a vehicle this month, up $94 from a [...]
