The advance buzz around Drive, the movie about a Hollywood stunt driver played by Ryan Gosling, got me to thinking: We have lots of movies featuring cars, from Bullitt to The Fast and Furious, but where are the movies about car companies?
The current plans to restructure General Motors and Chrysler LLC will leave the United Auto Workers union in the driver's seat at both companies. But it appears that the union would rather be in the back seat.
The United Auto Workers union has reached a deal with the Treasury Department and General Motors on changing its labor contract with the troubled automaker, one of the key obstacles that needed to be cleared for GM to potentially avoid being forced into bankruptcy in the next two weeks.
My writing assignment in the winter of 2005-06 was to give Fortune's readers my opinion as to whether General Motors would go bankrupt. I reported the article for about nine weeks, going to Detroit three times and talking there and in New York to GM executives, analysts and car people of all kinds. I tried many times over to set up an appointment with Ron Gettelfinger, head of the United Automobile Workers. But he wouldn't agree to an interview, perhaps because of a story I had written earlier about Bethlehem Steel that he thought was unfriendly to unions (I didn't agree).
General Motors and the United Auto Workers union have agreed to eliminate a controversial program that kept workers at near full pay even when there was no work for them, the company confirmed Wednesday.
Auto industry executives were back on Capitol Hill Wednesday to ask for a federal bailout but they once again faced an uphill battle in winning the necessary support from Congress for a $25 billion loan package.
Negotiators at embattled Ford Motor Co. and the United Auto Workers union reached an agreement on a tentative labor pact early Saturday after marathon talks that went through two straight nights, becoming the only U.S. automaker to reach a deal this year without a brief strike.
Chrysler, which is in the process of trying to win cut cost in the marathon talks now taking place with the United Auto Workers union, will be looking to cut about 1,500 jobs out of its non-union staff as well.
General Motors' tentative labor deal with the United Auto Workers union includes guarantees that the automaker will continue to build cars and trucks at its remaining UAW-represented assembly lines, according to highlights of the agreement given to the union's local leadership Friday.
General Motors Corp. will put $29.9 billion into a fund for retiree healthcare and guarantee that cars and trucks will be built at 16 U.S. plants as part of its tentative contract agreement with the United Auto Workers, according to a summary of the agreement released Friday by the union.
General Motors Corp. shares edged up Friday as leaders of the United Auto Workers planned to brief union officials from factories across the nation on the terms of a historic new contract with the company.
General Motors plants rumbled back to life Wednesday afternoon, after an early-morning labor deal with the United Auto Workers ended a two-day strike but left open some crucial questions about GM's future.
Negotiators from the United Auto Workers union and General Motors reached a tentative agreement on a groundbreaking deal early Wednesday to end a two-day strike by 73,000 workers, according to the union and the company.
The Detroit Three automakers all are struggling with declining U.S. market share, health care costs and bloated infrastructure, but they have unique issues that could make it difficult for the United Auto Workers to impose a contract with General Motors Corp. on Ford and Chrysler.
Contract negotiations between General Motors Corp. and the United Auto Workers reached a critical point Sunday as local union officials hoped for an agreement but prepared once again for a possible strike on Monday.
United Auto Workers union President Ron Gettelfinger has told members of his bargaining team that he is willing to agree to the creation of a union-controlled trust fund to assume responsibility for nearly $100 billion in retiree health care costs, according to a published report.
Contract talks between the United Auto Workers and the Detroit Three could run beyond a Sept. 14 deadline because so many issues are unsettled, including the companies' desire to pay the union to take over retiree health care, a person briefed on the bargaining said.
Robert Nardelli, who was named to head Chrysler LLCMonday by its new owner Cerberus Capital Management, declined to detail his compensation package, but said it would be tied to the automaker's progress in its turnaround.
Among the many lessons to be drawn from DaimlerChrysler's decision to sell Chrysler: the private equity firms with the best-connected c-suite executives have the edge in the now common bidding wars for deals.
The most surprising part of the Chrysler sales announcement Monday was the vote of support for the sale of the automaker to Cerberus Capital Management voiced by by Ron Gettelfinger, the president of the United Auto Workers union.
Give DaimlerChrysler and Cerberus credit for moving quickly to work out a deal for Chrysler. Auto companies are complicated beasts and letting Chrysler dangle in the wind was in nobody's best interest.
DaimlerChrysler CEO Dieter Zetsche confirmed Wednesday that the company is talking with potential buyers who he said have a "clear interest" in buying its money-losing Chrysler unit, but he would not give details of discussions and said all options for the No. 4 U.S. automaker are still on the table.
United Auto Workers union President Ron Gettelfinger vowed to fight to protect his battered membership's interests, but did not close the door on future concessions to help stem the losses among U.S. automakers.
Heads of the world's largest auto companies said Wednesday they are ready to work with lawmakers to cut greenhouse gas emissions but stopped well short of endorsing calls to raise fuel economy standards drastically.
Ford CEO Alan Mulally said the company needs painful concessions from the United Auto Workers union, but not an alliance with rival Toyota Motor, to complete its turnaround efforts, according to published reports.
The head of the United Auto Workers union promised to work with bankrupt auto parts makers and troubled U.S. automakers to help turn around the struggling sector, but also said that the industry can not downsize itself to success.
The United Auto Workers union, which earlier this week reached an agreement to save General Motors Corp. about $1 billion a year in health care costs, has filed a lawsuit against the automaker that challenges that agreement.