Wednesday, June 11th, 2008

United Auto Workers Union Endorses Obama For President

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 [...]

Wednesday, June 11th, 2008

United Auto Workers Union Endorses Obama For President

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 [...]

Thursday, June 5th, 2008

How A Stunning Sales Drop Changed It All

Even as the Canadian Auto Workers union was negotiating its new labour contracts with the Detroit Three this spring, the U.S. market for pickup trucks and sport utility vehicles was collapsing.
Sales were plunging faster than anyone in the union realized and so quickly that even senior executives at Chrysler LLC, Ford Motor Co. and General [...]

Saturday, May 17th, 2008

Djia Leaders And Laggards Gm Utx

The Dow Jones Industrial average closed higher on Thursday, led by automaker General Motors Corp., after the automaker reached a tentative agreement with the Canadian Auto Workers union.
The blue chip index gained 94.28 points to end at 12,992.66.
Shares of General Motors gained $1.04, or 5.2 percent, to $21.23. On Thursday, the Canadian Auto Workers union [...]

Thursday, May 15th, 2008

Union Seeks Permit For Foxwoods Protest

The state Department of Transportation is balking at issuing the United Auto Workers union a permit allowing workers to gather this weekend along Route 2 in front of Foxwoods to protest the grand opening of the new MGM Grand.
The union, which won an election last fall to represent table game dealers at Foxwoods, applied for [...]

Monday, April 21st, 2008

U.S. auto sales may fall 7 pct in 2008 SP says

NEW YORK (Reuters) - U.S. auto sales “dropped sharply” in recent months and may fall 7 percent this year, while higher costs from tougher environmental regulations may pose a long-term challenge, Standard %26amp; Poor’s said in a report on Tuesday.
U.S. auto sales may fall to 14.9 million this year from 16.1 [...]

Wednesday, April 2nd, 2008

Chrysler sees “big” drop in March U.S. sales

NEW YORK (Reuters) - Chrysler LLC expects to post a “big” decline in March U.S. sales compared with a year earlier, reflecting the automaker’s decision to pull back from less profitable deals for car rental agencies, Chrysler sales chief Jim Press said on Wednesday.
Press was speaking to reporters at an event [...]

Wednesday, March 19th, 2008

GM Ford shares fall after Morgan Stanley cut

By David Bailey
DETROIT (Reuters) - U.S. automotive shares fell on Thursday, including as much as a 9 percent drop in General Motors Corp (GM.N: Quote, Profile, Research), after Morgan Stanley cut its 2008 U.S. industry sales forecast and said 2009 would be little better.
GM stock fell to its lowest level in [...]

Wednesday, March 19th, 2008

GM lifts CEO salary to 2.2 mln ending pay cut

By Kevin Krolicki
DETROIT, March 6 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research)
said on Thursday Chief Executive Rick Wagoner’s 2008 salary has
been raised 33 percent to $2.2 million, reversing two years of
self-imposed pay cuts taken to support the automaker’s
turnaround effort.
GM also said Fritz Henderson, the company’s No. [...]

Wednesday, March 19th, 2008

GM to idle 6 plants Axle strike impact widens

By Kevin Krolicki
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Monday two more assembly plants were running out of parts and would have to be idled as the impact from a week-long strike against supplier American Axle %26amp; Manufacturing (AXL.N: Quote, Profile, Research) widened for the No. [...]