Wages and Pensions
BMW strikes would disrupt Mini, engine productionApril 5
GM to make pension payments for years just to escape EuropeMarch 7
Ford expects $2 billion hit to 2016 net income over pension accounting changeJan. 20
Ford finds mixed blessing in end of tiered wagesMay 8, 2016
Tough competition for talent driving wage growth in dealershipsApril 11, 2016
The dealership labor market is tightening as retailers hire additional employees and pay them more, the annual NADA Data report shows. The trend adds to the pressure dealers face to come up with better ways to recruit and retain talent.
GM to issue debt to shore up U.S. hourly pension planFeb. 18, 2016
UAW ratifies national labor pact with GMNov. 20, 2015
The UAW ratified a new four-year labor agreement with GM, ending two weeks of deliberations amid opposition to the deal from skilled-trades workers. The union's 14-member International Executive Board decided to approve the contract after a meeting Friday with officials from local UAW chapters across the country.
Ford workers approve UAW contract after late push by union leadersNov. 20, 2015
A last-ditch push by UAW leaders to rally support for a proposed contract with Ford Motor Co. mustered just enough votes to overcome widespread opposition and bitterness among workers as the company generates record profits. The union now has new four-year contracts in place with each of the Detroit 3.
UAW faces tough road to salvage failed Fiat Chrysler dealOct. 2, 2015
The UAW-FCA deal: A bridge too shortSept. 28, 2015
At the UAW national bargaining convention in March, rank-and-file delegates sent clear marching orders to UAW President Dennis Williams: Use the Detroit 3 negotiations to fix a two-tier wage system damaging to shop-floor solidarity.
Winterkorn expected to receive $32 million pension after exitSept. 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.