Weeks after United Auto Workers members approved a new deal with General Motors, the union’s Ford workers ratified a new collective bargaining agreement with the only major American automaker not to go through bankruptcy in 2009.
Ford Motor Company and the United Auto Workers have reached an agreement on a new contract that includes significant signing bonuses and more jobs for autoworkers.
With the announcement that General Motors will add 4,000 new jobs around the country, the total number of workers for the Big Three automakers is now approaching the levels from before the industry crash and resulting bankruptcies for GM and Chrysler.
The Detroit Free Press reports:
Ford,
Now that two of the Big Three automakers have survived bankruptcy and returned to profitability, the United Auto Workers say they want the concessions they made to help that process paid back in the next union contracts — with Ford in particular.
Ford did not join General Motors More…
Domestic auto sales in February were up 27 percent over the same month a year ago, led by a staggering 46 percent increase for General Motors. Ford posted gains of 10 percent while Chrysler jumped 13 percent. The annualized sales were 13.4 million vehicles, far surpassing analysts’ expectations.
The Department of Transportation just sent out some updated figures on the vehicles being scrapped and purchased under the popular cash for clunkers program, which provides up to $4,500 in cash to drivers who trade their gas guzzlers for more efficient vehicles.
Of the $1 billion allocated under More…
Seems that critics of the White House decision to bail out General Motors and Chrysler were right to question how well federal government would manage its enormous new investment. The New York Times reported today that the administration recently bought thousands of new vehicles, but a lion’s share of More…
President Obama just announced that the General Services Administration will purchase 17,600 new fuel-efficient government vehicles by June 1, using funds from the stimulus package. All purchases will be made from Ford, General Motors and Chrysler in an attempt to revive the American auto industry.
Yet the environmental goals of More…
As the auto industry decries the White House decision to reconsider California’s push for stricter emission standards, some environmental groups are quick to point out that several automakers have already pledged to meet the proposed guidelines.
Business strategies submitted to Congress, as part of a December bailout debate, by More…
When the chief executives of the Big Three automakers first came to Washington to ask Congress for a $25 billion-bailout, they arrived in town on private jets.
When 16 active and retired members of the United Auto Workers headed to Washington on Sunday night to press the need for government More…
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