UAW, LSC approve four-year contract – Adrian Daily Telegram


UAW, LSC approve four-year contract
Adrian 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 a modern work structure that


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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.
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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.
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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?
FOXNews
By 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 union was a major contributor to Obama’s presidential campaign — to the tune of about $5
Video: Fairfax Workers React To GM Shakeup KMBC
GM, UAW optimistic Times-Mail (subscription)
google news commentComment by Gary Chaison Prof. of Industrial Relations, Clark University
New York Times Blogs
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[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.
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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.
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UAW active rolls drop 7% to 431037, a new low point – Detroit Free Press


UAW active rolls drop 7% to 431037, a new low point
Detroit Free Press, United States
By Justin Hyde • Free Press Washington Staff • March 31, 2009 WASHINGTON – Active members of the UAW declined by 7% to 431037 workers last year, a new low point for the union which has been decimated by plant closings and job cuts by Detroit automakers
UAW membership falls to new post-World War II low The Detroit News
all 3 news articles


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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.
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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.’
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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?
FOXNews
Even 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 resignation of General Motors CEO Rick Wagoner, President Obama


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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.
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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 the company.
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UAW membership falls to new post-World War II low – The Detroit News


UAW membership falls to new post-World War II low
The Detroit News, MI
The 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 fell by about $50 million to $1.2 billion, but it has remained financially stable.


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[$$] 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 the company.
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[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 the company.
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