New York (CNN Business)Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks.Fiat Chrysler (FCAU) made far greater use of those relatively new hires and their lower pay scale than its rivals did, giving the company a competitive cost advantage over GM (GM) and Ford (F).The 40-day walkout at GM earlier this fall cost the automaker an estimated $2.9 billion, but despite inflicting those costs on GM the strikers did not convince the automaker to drop plans to close three US factories.
Author: World_Newz Mon
Porsche’s Electric Taycan Barely Clears the 200-Mile-Range Mark
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Noodling On How Much Revenue Self-Driving Cars Will Ultimately Generate
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Japan regulators recommend $22 million fine on Nissan
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What are Aston Martin and Airbus up to? Here’s a teaser
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Volkswagen sizing up deal with China’s SAIC Motor to make Audi model
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