Wages and Pensions

TRW strikes $440 million deal to shift U.S. pensions

2:49 pm U.S. ET | Dec. 16, 2014
TRW Automotive Holdings struck a deal to transfer U.S. pension obligations to MetLife as the maker of auto parts works to limit liabilities....
Read More »

 

Stagnant wages are a drag on new-car sales

12:01 am U.S. ET | Dec. 8, 2014
One reason auto sales in the United States still aren't quite back to the 17 million-a-year pace seen during the boom years before the recession: Many consumers haven't gotten much of a raise since then....
Read More »

 

In Mexico, a booming auto industry but stalled living standards for workers

12:01 am U.S. ET | Nov. 28, 2014
Mexico’s booming automobile industry is generating more export dollars than oil, building more cars than Brazil and giving a job to Esmeralda Velazquez. What it isn’t doing is raising her living standards....
Read More »

 

Visteon transferring $350 million in pension assets to Prudential

1:40 pm U.S. ET | July 16, 2014
Visteon entered into an agreement to transfer a portion of its U.S. pension assets to Prudential Insurance of America as part of its ongoing restructuring....
Read More »

 

VW targets $6.8 billion in annual cuts to close profit gap with rivals

11:18 am U.S. ET | July 15, 2014
Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion a year by 2017 to lift sagging profitability. Efficiency gains have failed to keep pace with rising labor costs, CEO Martin Winterkorn said in an internal presentation to company managers....
Read More »

 

Wage gap rumblings confront UAW

12:01 am U.S. ET | June 9, 2014
New UAW President Dennis Williams said he planned to attack the wide compensation disparity between veteran auto workers and new hires during next year's contract negotiations with the Detroit 3....
Read More »

 

EDITORIAL

2-tier wages served a purpose, but not anymore

12:01 am U.S. ET | June 2, 2014
It's unlikely that the UAW and Detroit 3 can eliminate two-tier wages in the next round of contract negotiations. But labor and management should use the opportunity to whittle away at the inequities inherent in the wage system....
Read More »

 

Ally Financial CEO Carpenter won't get pay hike, U.S. Treasury says

7:41 pm U.S. ET | April 2, 2014
The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial, the Treasury Department said on Wednesday....
Read More »

 

PSA to cut executive pension packages, report says

March 20, 2014 13:04 CET
PSA/Peugeot-Citroen will cut the size of its executive pension packages, a French daily reported, months after public criticism forced former CEO Philippe Varin to turn down his pension....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
» Watch the Video
     
News by Brand