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Monthly Archives: March 2009
UAW, LSC approve four-year contract – Adrian Daily Telegram
UAW, LSC approve four-year contractAdrian Daily Telegram, MI“After long, difficult and tedious negotiations, members of UAW Local 3000 at Lenawee Stamping Corp. in Tecumseh … ratified a new, four-year contract,” said UAW Local 3000 President Tom Spears. “This agreement includes … Continue reading
Peugeot ousts Streiff as sector troubles deepen (Reuters)
Christian Streiff has made a career of waging and often losing corporate battles, but the outspoken executive’s exit from carmaker Peugeot may say more about a culture clash in French boardrooms than his own record.source Tags: Peugeot
Canadian Markets: Canadian stocks fall sharply, tracking global declines (at MarketWatch)
Canadian stocks fall sharply, tracking losses on global equity markets, as tumbling oil prices, the possible bankruptcy of troubled automaker General Motors as well as worries over the global economy sour investor sentiment.source Tags: General Motors
Now That Wagoner Is Out, Will Obama Kick the UAW to the Curb? – FOXNews
BBC News Now That Wagoner Is Out, Will Obama Kick the UAW to the Curb?FOXNewsBy Liz Peek Here’sa positive spin on President Obama’s dismissal of Rick Wagoner: maybe it lays the groundwork for demanding serious concessions from the UAW. The … Continue reading
[video] Japan’s Hybrid Battle (at TheStreet.com)
President Obama says his administration won’t let the struggling U.S. auto industry ‘simply vanish,’ as shares of General Motors fall about 25% after the White House says bankruptcy may be an option for both GM and Chrysler.source Tags: Chrysler, General … Continue reading
Obama says U.S. won’t let auto industry ‘vanish’ (at MarketWatch)
President Obama says his administration won’t let the struggling U.S. auto industry ‘simply vanish,’ as shares of General Motors fall about 25% after the White House says bankruptcy may be an option for both GM and Chrysler.source Tags: Chrysler, General … Continue reading
UAW active rolls drop 7% to 431037, a new low point – Detroit Free Press
UAW active rolls drop 7% to 431037, a new low pointDetroit Free Press, United StatesBy Justin Hyde • Free Press Washington Staff • March 31, 2009 WASHINGTON – Active members of the UAW declined by 7% to 431037 workers last … Continue reading
The Obama administration’s auto industry plan (AP)
A look at the Obama administration’s plan for General Motors Corp. and Chrysler LLC: ——– GENERAL MOTORS CORP.: — President Barack Obama’s auto task force determined that General Motors has not presented a viable plan that would succeed.source Tags: Chrysler, … Continue reading
Obama extends short federal lifeline to GM, Chrysler (at CNNMoney.com)
The President says that U.S. car makers must come up with stronger turnaround plans to ‘justify an investment of additional taxpayer dollars.’source Tags: Chrysler, GM
With GM's Wagoner Ousted, Should Union Head Have Met the Same Fate? – FOXNews
With GM's Wagoner Ousted, Should Union Head Have Met the Same Fate?FOXNewsEven though UAW President Ron Gettelfinger argues that his workers have made significant concessions in recent years, analysts say the offerings were too little, too late. In forcing the … Continue reading
MarketWatch First Take: As if Detroit wasn’t in enough upheaval (at MarketWatch)
It’s not as if Detroit’s business culture isn’t going through enough upheaval. President Barack Obama has ousted General Motors head Rick Wagoner while the Detroit News made some history of its own.source Tags: General Motors
Street Talk – Maybe GM Should Just Go Bankrupt (at CNBC)
WSJ’s John Stoll discusses the Obama administration’s plans for General Motors and Chrysler. With billions of dollars of taxpayer money on the line, John says the administration intends to work closely with GM to forge a more dramatic restructuring for … Continue reading
UAW membership falls to new post-World War II low – The Detroit News
UAW membership falls to new post-World War II lowThe Detroit News, MIThe UAW has lost more than 107000 members in the last two years, and a total of 270000 members since 2001. The annual report shows the UAW's net assets … Continue reading
[$$] Soft Fed Buying Drags on Treasurys (at The Wall Street Journal Online)
WSJ’s John Stoll discusses the Obama administration’s plans for General Motors and Chrysler. With billions of dollars of taxpayer money on the line, John says the administration intends to work closely with GM to forge a more dramatic restructuring for … Continue reading
[video] Obama Drawing a Line With Auto Makers [2.9 min] (at MarketWatch)
WSJ’s John Stoll discusses the Obama administration’s plans for General Motors and Chrysler. With billions of dollars of taxpayer money on the line, John says the administration intends to work closely with GM to forge a more dramatic restructuring for … Continue reading