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 a modern work structure that …
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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 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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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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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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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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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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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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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 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 fell by about $50 million to $1.2 billion, but it has remained financially stable. …
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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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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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