United Auto Workers

The coronavirus pandemic has caused a sharp drop-off in demand for tires and cars, causing manufacturers across North and South America to furlough workers and implement partial factory shutdowns. Audi, General Motors Company (NYSE: GM), Nissan Motor Co., Ltd. (OTCMKTS:NSANY), Volkswagen AG (...

General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Fiat Chrysler Automobiles NV (NYSE: FCAU) are forming a task force, along with the United Auto Workers union to develop COVID-19 safety protocols for employees of the Big 3 automakers. The move comes as two of the companies...

General Motors Company (NYSE: GM) is suing rival Fiat Chrysler Automobiles NV (NYSE: FCAU), alleging Fiat executives bribed union officials to gain an advantage over GM in how its contracts were structured. The alleged corruption has also been the focus of a federal criminal probe into Fiat...

General Motors Co. (NYSE: GM) planned to announce Thursday that it has sold its Lordstown, Ohio plant to an electric truck startup, Bloomberg reported. Terms of the deal with Lordstown Motors Corp., which was created to buy the GM plant, weren't disclosed. Shares of Workhorse Group Inc. (NASDAQ...

Ford Motor Company (NYSE: F) will make billions in investments in its workforce and plants as part of a new contract reached with the United Auto Workers that provides pay increases and avoids a strike. It took just three days for the UAW and Ford to reach the deal, which remains subject to...

The United Auto Workers said Wednesday it has reached a tentative agreement on a new contract with General Motors Company (NYSE: GM), setting the stage to end a 31-day strike against the automaker. Full details of the agreement weren't disclosed. UAW GM Vice President Terry Dittes said in a...

Pressure mounted Friday on General Motors Company (NYSE: GM) and the United Automobile Workers as a strike against the company nears the end of its third week amid concerns about lost profits and worries that frustration could make the talks harder. GM's stock has dropped by double digits since...

Members of the United Auto Workers union overwhelmingly voted to give their leaders authorization to strike, if necessary, as the union negotiates this year with the "Big 3" American automakers: General Motors Company, (NYSE: GM), Ford Motor Company (NYSE: F) and Fiat Chrysler...

Workers at Tesla Inc (NASDAQ: TSLA) are in contact with the United Auto Workers union. According to a Reuters report, UAW President Dennis Williams said the union is indeed in contact with Tesla's employees in Silicon Valley but this doesn't mean Tesla's workers will form a union....

Auto-parts supplier Lear Corporation (NYSE: LEA) is urging United Auto Workers to agree to lower wages for bringing jobs from Mexico back to Detroit, according to a Wall Street Journal report. "If a deal is struck, about 1,000 jobs initially could be filled at Motown parts facilities owned by a...

Despite a continued recovery in the U.S. economy and generally strong growth of American industry last year, not all companies enjoyed a prosperous 2014. In fact, two of the ten largest bankruptcies in history happened last year. Here’s a rundown of the 10 largest bankruptcies (by assets)...

U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...

Sergio Marchionne, who serves as CEO of both Fiat (OTC: FIATY) and Chrysler, is looking buy six percent of the American car company from the US Treasury, leading to majority control, according to The Wall Street Journal. The Wall Street Journal also reported that the firm hopes to buy a stake...