In Wednesday night's Republican presidential debate in Rochester, Michigan, former Massachusetts Gov. Mitt Romney said the federal government played too much of a role in saving automakers General Motors and Chrysler.
Chrysler Group and the United Auto Workers union have reached a tentative deal on a new labor contract that the union says will create 2,100 new jobs.
Ford Motor and the United Auto Workers union reached a tentative labor deal early Tuesday morning that the two sides say will create almost 6,000 new hourly jobs at Ford's U.S. factories in the next four years.
CNNMoney: GM, UAW reach dealupdated: Sat Sep 17 2011 12:17:00
General Motors and the United Auto Workers union reached a tentative agreement on a new labor deal late Friday, the first since the federal bailout and bankruptcy at the company two years ago.
The United Auto Workers union and the nation's major automakers failed to reach a deal on a new contract on deadline, although workers remain on the job Thursday while negotiations continue.
Ford famously avoided the taint of government bailout by heavily mortgaging itself in November 2006 -- down to its iconic Blue Oval logo -- before global credit markets seized. And the American icon has seemed to stay ahead of hometown rivals Chrysler and General Motors ever since.
Autoworkers at General Motors and Ford Motor are about to get large profit-sharing checks that could shape the future of the auto industry. The management at those companies, as well as at Chrysler Group, wants the labor contracts due to be negotiated this fall to include bonuses tied to profits, vehicle quality and other performance measures, rather than straight wage increases. "I want to make sure we're paying our employees not for effort, but results and performance," said Mark Reuss, president of GM's North American unit, at the Detroit Auto Show here this week. "When we perform and we have good results, then every employee in this company ought to know that we're going to do good things for them on a pay basis."
The United Auto Workers union overwhelmingly rejected additional modifications to a 2007 labor agreement with Ford Motor that would have granted the auto company concessions similar to those ratified earlier this year for rivals Chrysler and General Motors.
The role of the United Auto Workers used to be a simple one: adversary to the Detroit Three, fighting in recent decades to keep jobs in the U.S. and maintain the great wages and benefits that helped create a blue-collar middle class that stretched from Indiana to Michigan.
There was a time, not very long ago, when getting a job on the production line at a big automaker meant an instant ticket to the American dream, even for someone with little formal education. Not anymore.
The United Auto Workers union Friday overwhelmingly ratified a labor deal with General Motors that included concessions, but is not enough to keep the company out of bankruptcy.
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 announced Sunday it had reached an agreement with Chrysler, Fiat and the U.S. government that meets the requirements of the Treasury Department for loans to the auto giant.
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.
President Bush's bailout plan contains some "targets" the government wants the automakers and the United Auto Workers union to achieve before agreeing to a bailout loan.
The United Auto Workers union said it is encouraged by the White House's decision to consider rescuing troubled auto companies by using funds set aside to bail out Wall Street.
The United Auto Workers agreed to work with the embattled U.S. automakers about changes in their labor contract, an important step for the industry's chance to win up to $34 billion in federal loans.
Members of the Green family have been working at GM plants since World War II. But that could end without a fed bailout.
Workers at an auto parts supplier are losing their jobs two days before Christmas, and a GM bailout won't change that.
Why is the U.S. auto industry in such a precarious position?
General Motors, Ford, Chrysler and the United Auto Workers union are pouring millions of dollars into a lobbying campaign for a taxpayer bailout.
CNNMoney: Ford, UAW reach dealupdated: Sat Nov 03 2007 10:10:00
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.
The European Court bans the law that shielded Volkswagen from bids for takeover. CNN's Frederick Pleitgen explains.
General Motors and Chrysler LLC got most of what they wanted from the United Auto Workers, even if it took two blink-of-the-eye strikes to get it.
A strike at Chrysler by the United Auto Workers union ended less than seven hours after it began Wednesday, as the union announced late in the afternoon that it had reached a tentative agreement with the nation's No. 4 automaker.
More than 32,000 members of the United Auto Workers union struck Chrysler LLC on Wednesday, after marathon labor talks between the union and the money-losing automaker failed to avert the industry's second strike in two weeks.
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.
When the United Auto Workers gave Chrysler LLC a 72-hour deadline on Sunday, it set the clock ticking on what promise to be difficult negotiations but it did not spark an imminent strike threat, experts said.
Stocks were headed for a positive open after an in-line jobs report showed growth was back on track for September and suggested that the Federal Reserve may cut rates in the near future.
British Airways orders Airbus A380s and Boeing 787 Dreamliners as it refreshes its fleet. CNN's Richard Quest reports.
General Motors reaches a tentative agreement with the United Auto Workers union. CNN's Kate Bolduan reports.
The tentative contract between General Motors and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
Ford Motor may seek deeper cost cuts from the United Auto Workers union than those that the union granted to General Motors, according to a published report.
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.
The United Auto Workers said early Wednesday it has reached a tentative contract agreement with General Motors Corp. that could end a two-day nationwide strike.
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 United Auto Workers union launched a nationwide strike against General Motors on Monday as 73,000 UAW members walked off the job and hit the picket lines at the nation's largest automaker.
The negotiations with GM were all about health care, but the union suddenly decided to strike over job security. Why?
Negotiators for General Motors Corp. and the United Auto Workers were close to finalizing the details of a new contract Sunday after 20 straight days of talks, according to a local union official who is being briefed on the discussions.
The United Auto Workers decision to call a nationwide strike against General Motors today is already unleashing the usual amount of consternation and hand-wringing.
More progress was reported Saturday as negotiators for General Motors Corp. and the United Auto Workers worked on a historic new contract that would shift retiree health care costs from the company to the union.
General Motors Corp. and the United Auto Workers were dealing with wages and job security issues Friday while experts crunched the numbers on a possible health-care deal, according to people briefed on the talks.
CNN's Maggie Lake test-drives the European Smart car that debuts next year as the smallest car on the U.S. market.
A deal now in the works between the United Auto Workers and General Motors could include a large signing bonus for workers at the plant as a way of winning approval for the automaker shedding billions in retiree health care costs, according to published reports.
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.
General Motors Corp. and the United Auto Workers still faced significant hurdles at the bargaining table Sunday despite making progress at negotiations a day earlier.
Negotiators for the United Auto Workers and General Motors Corp. ended a marathon bargaining session early Saturday, more than four hours after their contract was set to expire.
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.
"All these yeses - sounds like my bedroom," a union guy whispers in my ear. Yuk-yuk. The setting is a crowded hotel meeting room at the Tropicana Casino & Resort in Atlantic City. It's past midnight on the last Saturday in August. I'm here with dozens of increasingly confident union supporters and several dour company officials as a blue-suited woman from the National Labor Relations Board unfolds ballots one by one and counts the votes: "Yes. Yes. Yes."
The most important labor talks in the history of the U.S. auto industry face a Friday deadline, but those hoping for a deal to let automakers shed about $100 billion in health-care liabilities and become more competitive with Japanese rivals may have to wait, as talks are now expected to go into overtime.
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.
United Auto Workers chief Ron Gettelfinger said Wednesday that the union is not heading into the upcoming labor negotiations with U.S. automakers in a "concessionary mode."
Bankrupt auto parts manufacturer Dana Corp. reached labor deals with the United Auto Workers and United Steelworkers unions Friday, which the company said will lead to private equity firm Centerbridge Capital Partners and its affiliates to invest up to $500 million in cash in its operations.
United Auto Workers union members have approved a deal that gives Delphi Corp. concessions on wages, benefits and plant closings that the auto parts maker has said it must have to exit bankruptcy.
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.
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.
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.
NEW YORK (CNNMoney.com) - A thumbs-up this week from the United Auto Workers on a revised version of a pension reform bill helped smooth the way for its passage in the House of Representatives on Thursday afternoon.
The United Auto Workers announced Saturday that they have reached a tentative agreement with Ford Motor Co. that would allow the struggling No. 2 car maker to save money on health care matters.
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.
CNNMoney: GM boosts Dow 30updated: Mon Oct 17 2005 09:18:00
GM's deal with the United Auto Workers propelled the stock and gave the Dow industrials a lift Monday morning at the start of the first heavy week of quarterly earnings reports.
General Motors Corp. announced an agreement Monday with the United Auto Workers union that the troubled automaker says will save billions in health care costs.
The United Auto Workers may have to work with General Motors Corp. to lower health care and other costs before the two sides renegotiate a major labor contract in 2007, a top UAW official told local union leaders Monday, according to a published report.
General Motors Corp. is set to take unilateral action to reduce its health care expenses if it doesn't get concessions from the United Auto Workers union by the end of the month, according to a published report.
Fortune: Coasting Downhillupdated: Mon Oct 13 2003 00:01:00
In the just-completed contract talks between the United Auto Workers and the Big Three, each side got something: for the union, healthy raises; for the automakers, the right to close at least ten m...
A few weeks ago in the early rounds of bargaining with the United Auto Workers, General Motors offered its blue-collar workers guaranteed jobs for life. A remarkable pledge, you might think, in thi...
The United Auto Workers seems to be on a collision course with the Big Three automakers as contract talks begin. Although the current three-year pact doesn't expire until 11:59 P.M. September 14, a...
Now that General Motors and Ford Motor have disclosed the total compensation their top executives received in 1989, expect the chunky bonuses they got to add heat to the next round of negotiations ...
Fortune: NOW HEAR THIS updated: Mon Nov 07 1988 00:01:00
WILLIAM VON RAAB, 46, U.S. Commissioner of Customs, on the indictment of the Bank of Credit and Commerce International S.A. for laundering drug money: ''For some international banks, their sleaze f...
It won't be just the heat that makes leaders of the United Auto Workers sweat in late July, when they begin negotiating national contracts with General Motors and Ford (talks with Chrysler start ne...
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