by Joseph Szczesny | Oct 30, 2019
While the debate about when and how Great Britain will leave the European Union has upended British politics, it is also frustrating to Japanese carmakers, which represent a hefty piece of the country’s economy. Japanese manufacturers are growing frustrated about...
by Joseph Szczesny | Oct 29, 2019
Even with the long strike by the United Auto Workers cutting off delivery of new vehicles to General Motors dealers nationwide, overall sales of new vehicles have remained on a steady course during October, analysts report in monthly sales forecasts. Cox Automotive is...
by Joseph Szczesny | Oct 28, 2019
General Motors Co. workers are heading back to work this week after the longest and most expensive strike in half a century, while union bargainers turn their attention to the Ford Motor Co., which has been selected as the United Auto Workers. “We can confirm the UAW...
by Joseph Szczesny | Oct 25, 2019
This story has been updated with new information Members of the United Auto Workers have ratified a new a labor agreement with General Motors that raises the company’s labor costs but allow it to close plants in Ohio, Maryland and Michigan. Ratification of the...
by Joseph Szczesny | Oct 25, 2019
Racing has been a part of the automotive business since the very beginning and one of the company’s celebrating its close ties to racing is Toyota. David Wilson, president of Toyota Racing Development, told the Automotive Press Association that racing is an integral...
by Joseph Szczesny | Oct 24, 2019
Daimler AG, with help from positive exchange rates, posted an 8% increase in third quarter earnings before interest and taxes to 2.7 billion euros. Revenue, also aided by positive exchange rates, climbed by 8% rose to 43.3 billion euros while unit sales increased 6%...
by Joseph Szczesny | Oct 23, 2019
Ford Motor Co. reported its net income was cut by more than half in the third quarter, dropping to $425 million from $1 billion in the same three-month period in 2018. The company’s margins also declined to 1.1% from 2.6% in the third quarter a year ago. A decline in...
by Joseph Szczesny | Oct 23, 2019
A high-profile piece of real estate in the very center of downtown Detroit, the old Veterans Memorial Building, could go on the auction block, pending the outcome of the negotiations with the United Auto Workers. The UAW won’t begin the final phase of contract talks...
by Joseph Szczesny | Oct 22, 2019
The former co-director of United Auto Workers-General Motors Center for Human Resources pleaded guilty Tuesday to federal criminal charges of money laundering and wire fraud in U.S. District Court in Ann Arbor, Michigan. Jeff Pietzryk, 74, former co-director of the...
by Joseph Szczesny | Oct 21, 2019
The United Auto Workers plans to withdraw the federal lawsuit it filed in a bid to block the shutdown of the General Motors Co. assembly plant in Lordstown, Ohio, if the union’s new tentative labor agreement with GM is ratified this week. The final tallies on the...
by Joseph Szczesny | Oct 18, 2019
The United Auto Workers faces a surprisingly difficult ratification fight over its tentative labor pact with General Motors despite making significant financial gains for new hires and temporary workers. Union members displaced by GM’s decision to close the big...
by Joseph Szczesny | Oct 17, 2019
The United Auto Workers released highlights of its tentative agreement with General Motors Co., including an $11,000 signing bonus, and a shorter path of four rather than eight years for new employees to the top wage of $32.32 at the end of the four-year agreement....
