Winterkorn expected to receive $32 million pension after exit

5:45 pm U.S. ET | Sept. 23, 2015

Martin Winterkorn, engulfed by a diesel-emissions scandal at Volkswagen AG, amassed a $32 million pension before stepping down Wednesday, and may reap millions more in severance depending on how the supervisory board classifies his exit.... Read More »

UAW workers vote on FCA agreement without Tier 2 cap or product plan

2:54 pm U.S. ET | Sept. 23, 2015

The UAW leadership is seeking ratification this week for a tentative deal with Fiat Chrysler that is missing two key provisions from previous contracts -- a written product plan and a cap on the maximum percentage of Tier 2 workers.... Read More »

UAW bets pay raises, product will sell FCA deal

12:01 am U.S. ET | Sept. 21, 2015

The UAW accord with Fiat Chrysler likely offers enough in raises and other improvements to ensure ratification by the rank and file, but it notably keeps in place the divisive two-tier system for entry-level workers.... Read More »

VW, Daimler, Porsche embrace refugees, see fix to future labor shortages

Sept. 19, 2015 06:01 CET

Volkswagen, Daimler and Porsche see an opportunity in the influx of refugees pouring across the country's borders to fix their looming labor shortage.... Read More »

Mitsubishi preparing to close Illinois plant, report says

11:45 pm U.S. ET | Sept. 18, 2015

Mitsubishi Motors has started preparing for the closure of its assembly plant in Illinois after failing to find a buyer for the high-cost auto factory, the Nikkei business daily reported.... Read More »

UAW president sees FCA workers ratifying contract

10:17 pm U.S. ET | Sept. 18, 2015

While product and job commitments under the UAW's tentative labor contract with Fiat Chrysler are still being finalized, UAW President Dennis Williams said wage and other economic improvements in the deal should result in ratification by the company's 37,000 hourly employees.... Read More »

UAW-FCA workers would get extra holiday, extra pay under proposed contract

4:00 pm U.S. ET | Sept. 18, 2015

In addition to raises and bonuses, the tentative labor agreement between Fiat Chrysler and the UAW includes a number of benefit restorations as well as a guard against a threatened tax hit on UAW member's health care plans.... Read More »

JCI targets 3,000 job cuts in salaried ranks

9:04 am U.S. ET | Sept. 18, 2015

Johnson Controls will cut as many as 3,000 salaried jobs over the next two years under an ongoing cost savings program and ahead of plans to streamline and divest its auto interiors business.... Read More »

FCA's U.S. car output to go to Mexico in UAW-deal production shuffle

10:17 am U.S. ET | Sept. 17, 2015

A tentative labor agreement between Fiat Chrysler and the UAW would move U.S. car production to Mexico and concentrate pickup, SUV and crossover production in the U.S., Automotive News has learned. According to sources, production of the Ram 1500 pickup would move from Warren Truck to Sterling Heights Assembly during the proposed four-year pact.... Read More »

Fiat Chrysler to pay UAW members $3,000 ratification bonus, report says

6:47 am U.S. ET | Sept. 17, 2015

Fiat Chrysler Automobiles will pay UAW members $3,000 bonuses if they ratify a new contract in the coming days, people briefed on the matter told Bloomberg.... Read More »


BLOG: Union speak: UAW's FCA deal sets floor for GM, Ford bargaining

1:21 pm U.S. ET | Sept. 16, 2015

UAW President Dennis Williams was asked last night whether the union’s tentative contract with Fiat Chrysler would serve as the pattern for deals with Ford and GM. Williams tortured the answer during the Q&A portion of a press briefing announcing the agreement.... Read More »

UAW, FCA pact ties worker bonus to long-term goals

3:02 pm U.S. ET | Sept. 16, 2015

The proposed labor pact for Fiat Chrysler Automobiles ties union worker pay to meeting long-term company goals including productivity gains, according to a memo sent to the company's employees today from CEO Sergio Marchionne.... Read More »

The UAW-FCA tentative agreement: 'Expectations are very high'

11:15 am U.S. ET | Sept. 16, 2015

The tentative contract agreement between the UAW and Fiat Chrysler stirred quite a reaction out of those who follow the auto industry, despite the disclosure of virtually none of its details.... Read More »

UAW, Fiat Chrysler reach tentative labor deal

6:49 pm U.S. ET | Sept. 15, 2015

UAW President Dennis Williams said the union's tentative contract with Fiat Chrysler makes progress in closing the gap between Tier 1 and entry-level workers while allowing veteran workers to share in the financial success of the company. Williams and FCA CEO Sergio Marchionne also agreed that the UAW's idea of creating a health care co-op for active workers has the potential to control costs.... Read More »


BLOG: In this round of UAW talks, a high number of anxious new hires

1:44 pm U.S. ET | Sept. 15, 2015

The last time that such a large proportion of the UAW membership was new to the contract negotiation process was probably when the UAW was created eight decades ago.... Read More »


BLOG: Marchionne makes habit of line-jumping into UAW talks

3:22 pm U.S. ET | Sept. 14, 2015

That Fiat Chrysler jumped to the head of the line to negotiate first with the UAW is classic Sergio Marchionne. The FCA boss wasn't about to let either of his counterparts at Ford or GM negotiate a richer deal that FCA might not be able to afford.... Read More »

UAW, FCA labor talks continue as contract is extended

10:19 pm U.S. ET | Sept. 14, 2015

Negotiators for Fiat Chrysler Automobiles and the UAW continued bargaining after their current contract was extended on an hour-by-hour basis past a 12:01 a.m. ET Tuesday deadline.... Read More »

Marchionne will miss Frankfurt show to handle UAW talks

7:10 am U.S. ET | Sept. 14, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled his appearance at the Frankfurt auto show this week after the automaker was picked as the target company in labor talks in the U.S.... Read More »


BLOG: Why did the UAW pick Fiat Chrysler?

4:10 pm U.S. ET | Sept. 13, 2015

Though the UAW hasn’t revealed its thinking behind its choice of FCA as its negotiating target, its reasoning likely flows from the fact that FCA’s leadership has continuously spoken against the two-tiered wage system that has so benefited the three automakers since 2007.... Read More »

UAW names Fiat Chrysler lead target in contract talks

3:30 pm U.S. ET | Sept. 13, 2015

The UAW has chosen Fiat Chrysler as its target to set the pattern for a contract deal before turning to GM and Ford. FCA, the most financially challenged of the Detroit 3, could become a strike target if the two sides cannot arrive at an agreement.... Read More »

Products pack some power in UAW talks

12:01 am U.S. ET | Sept. 12, 2015

The UAW realizes that the best job security comes from building a popular vehicle productively. With several Detroit 3 factories in the U.S. hungry for new and replacement vehicles to build, such commitments are sure to be a part of this year's labor negotiations and contracts as well.... Read More »

Ford workers strike at Brazil factory to protest job cuts

7:51 am U.S. ET | Sept. 11, 2015

Workers at a Ford plant in Brazil began an open-ended strike on Thursday to protest job cuts, adding to labor tensions that have rattled the country's auto industry in the midst of its worst crisis in nearly two decades.... Read More »


BLOG: UAW talks will turn on Tier 2 resolution

3:50 pm U.S. ET | Sept. 8, 2015

The main issue at the UAW-Detroit 3 bargaining table is wages. Specifically, whether the UAW can deliver a path out of Tier 2 to full wages for all workers and whether veteran or Tier 1 workers can expect their first wage increase in 10 years. Repeat, 10 years.... Read More »

Ford UAW workers authorize strike

10:21 am U.S. ET | Sept. 8, 2015

UAW-represented workers at Ford overwhelmingly authorized union leadership to strike the automaker should they not reach a new contract agreement, according to a statement today.... Read More »

UAW to select Detroit 3 target for contract negotiations by next week

1:19 pm U.S. ET | Sept. 7, 2015

The UAW plans to pick a target for contract negotiations by Sept. 14, the day its current four-year accord with the major automakers ends.... Read More »

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