UAW

Fiat Soon to Buy All of Chrysler?

Shares in Fiat rose more than 5 percent after its top management pulled out of the Frankfurt car show, fueling speculation it may be close to deal to acquire all of Chrysler.

Chrysler Shares Could Soon Be On the Market Again

When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.

The Financial Landscape: Moody's Mulls Debt Ceiling

Looks like rough sailing ahead: Moody's warned the GOP that its game of chicken with the debt ceiling risked a downgrade of U.S. debt, and the Labor Department said May hiring took a dive. But there are some things investors can look forward to: a Groupon IPO, and the government selling its last shares of Chrysler.

UAW Head Uses Ford CEO's Big Payday to Rally Union

When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010's record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.

GM and Chrysler Will Pay Bonuses to Salaried Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.

Though Chrysler Is Still Unprofitable, Employees Earn a $750 Bonus

Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the company's top 50 executives, will also receive the payment.

Ford May Post Its Best Yearly Profit in a Decade

Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford has seen since 1999.

Ford vs. GM: The IPOs of a Changing America

While GM's IPO drew considerable investor excitement, it has also drawn attention to how much the auto industry has changed in the last few decades. Less than sixty years ago, on January 17, 1956, the Ford Motor Company had its own IPO -- the largest in history up to that time -- in an economy in which U.S. industrial might was the envy of the world and American cars represented the apex of the automotive pyramid.

Deadline Looms for Laid-Off GM Workers to Claim Ohio Jobs

Autoworkers laid off from a General Motors plant in Orion Township, Mich., have until the end of the day Tuesday to decide whether to take jobs at the automaker's Lordstown assembly plant, some 250 miles away in neighboring Ohio.

Auto Industry Cruises on Slow, Steady Demand

Though vehicle sales have underperformed some analyst expectations in recent months, results are much improved compared to those of a year ago. The industry is seeing a broad trend that is benefiting nearly all automakers.

General Motors to Build New Compact Sedan for Buick

GM is expected to announce the production of a new compact car for Buick -- the Verano. The upscale sedan will be assembled in a former Pontiac plant in Orion Township, Mich., helping to restore 1,200 jobs at the facility.

People@Work: Hard Times Haven't Made Workers Any Smarter

If the recession and subsequent high employment proves anything, it's this: The scarcity of jobs hasn't made workers any smarter. Just-fired CNN anchor Rick Sanchez is a good example. Unfortunately, he's hardly the only one.

The UAW's Bob King: Out to Repair an Image Problem

Elected president of United Auto Workers union on June 16, King must reintroduce the union to the many Americans who have an unfavorable view of unions. Then, there's the matter of rebuilding membership by targeting foreign makers' U.S. plants.

No Summer Shutdown for GM Plants This Year

U.S. auto factories typically shut down for a few weeks at the start of summer to give workers a break and the companies a chance to perform maintenance. But this year, with demand for new vehicles on the uptick, GM is forgoing shutdowns at most of its assembly plants.

UAW votes down Ford labor contract

The astonishing turnaround at Ford (F) has been built on three legs. The first was the company's decision to take in over $20 billion, pledging most...