united auto workers

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.

Is It Time for Unions to Sober Up?

In this economy, many Americans feel grateful to have jobs in the first place. The nation's high unemployment rate makes recent video of some of Chrysler's unionized workers drinking and smoking pot on the job all the more galling. It's time for unions to stop protecting slacker employees.

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.

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.

GM bankruptcy looks more likely

The bankruptcy of General Motors Corp. (GM) is almost as inevitable as the sun rising or the New York Mets collapsing in September.

GM is going...

UAW hands auto workers a double whammy

The United Auto Workers Union has now given new meaning to the old saying; "Bend over, and we'll do the driving."

The UAW has made a good faith pledge...