Reuters Published 5:18 p.m. ET Dec. 5, 2019 | Updated 5:18 p.m. ET Dec. 5, 2019 Milan, Italy — Fiat Chrysler Automobiles has challenged a claim by Italy’s tax authorities over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days ahead of an expected key merger… Continue reading Fiat Chrysler challenges Italy tax agency over value of US business
Category: US Motoring Press
Nissan orders two-day furlough for U.S. workers to cut costs
Gabrielle Coppola, Bloomberg Published 12:05 p.m. ET Dec. 5, 2019 | Updated 12:09 p.m. ET Dec. 5, 2019 Nissan Motor Co. ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as U.S. sales continue to slide. Nissan North America is closing U.S. offices on Jan. 2 and… Continue reading Nissan orders two-day furlough for U.S. workers to cut costs
Ex-UAW boss pleads guilty to corruption, rigged $4M watch deal
CLOSE UAW VP for GM Joe Ashton answers a question from the media at the GM Detroit-Hamtramck Assembly Plant in Detroit on Wednesday, July 27, 2011. (Photo: Patricia Beck, Detroit Free Press) A retired powerful union boss and onetime General Motors board member pleaded guilty Wednesday to corruption, admitting he rigged a $4 million contract for 58,000… Continue reading Ex-UAW boss pleads guilty to corruption, rigged $4M watch deal
After Mustang SUV, calls for Corvette SUV grow
An electric Mustang SUV will hit dealerships late next year. When will Corvette follow suit? The positively received debut of Ford’s battery-powered Mustang Mach-E in Los Angeles last month (with the automaker hinting that it could develop a full Mustang sub-brand) has turned up the heat on Chevrolet to expand its Corvette lineup as well. Morgan Stanley… Continue reading After Mustang SUV, calls for Corvette SUV grow
Fiat Chrysler workers could vote on new contract Friday if national council blesses it
CLOSE UAW-represented Fiat Chrysler Automobiles employees could start voting on a new contract as early as Friday. (Photo: Kimberly P. Mitchell, Detroit Free Press) Voting on a new contract for Fiat Chrysler Automobiles workers could start as soon as Friday. The time frame is not guaranteed but would be set if the UAW-FCA National Council formally… Continue reading Fiat Chrysler workers could vote on new contract Friday if national council blesses it
UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US investment
CLOSE The UAW and Fiat Chrysler Automobiles have reached a tentative agreement for a new labor contract. (Photo: Kimberly P. Mitchell, Detroit Free Press) The UAW and Fiat Chrysler Automobiles have reached a proposed tentative agreement that adds nearly 8,000 jobs over the life of the deal. The agreement potentially starts the last lap of months of union… Continue reading UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US investment
Fiat Chrysler, UAW reach new tentative labor deal
UAW President Gary Jones (left) and FCA North America Chief Operating Officer Mark Stewart opened 2019 contract talks with a ceremonial hand shake during an event on July 16, 2019 at the company’s North American headquarters in Auburn Hills, Mich. Fiat Chrysler DETROIT – Fiat Chrysler and the United Auto Workers union have reached a… Continue reading Fiat Chrysler, UAW reach new tentative labor deal
Ex-UAW president Gary Jones resigns from union in ‘unprecedented’ move
CLOSE UAW International acting president Rory Gamble speaks to the Detroit Free Press about issues with corruption, negotiations and future of UAW. Ryan Garza, Detroit Free Press Gary Jones is out. The disgraced former UAW president quit his affiliation with the union brothers and sisters he took an oath to represent with honor and dignity. He has… Continue reading Ex-UAW president Gary Jones resigns from union in ‘unprecedented’ move
Sources: UAW-FCA deal to include $9K signing bonus, no assembly plant closures
Negotiations between Fiat Chrysler Automobiles NV and the United Auto Workers are nearing a proposed tentative agreement that would include a $9,000 ratification bonus, two sources familiar with the situation told The Detroit News on Friday. A four-year agreement likely will be announced Saturday, said the people who were not authorized to speak publicly on the deal. The… Continue reading Sources: UAW-FCA deal to include $9K signing bonus, no assembly plant closures
Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks
General Motors Co.’s racketeering lawsuit against Fiat Chrysler Automobiles NV is a distraction for the Italian-American automaker in the middle of negotiations for a labor contract with the United Auto Workers union and for a merger with French automaker Groupe PSA, experts say. GM alleges Fiat Chrysler’s late-CEO Sergio Marchionne orchestrated a multimillion-dollar conspiracy, including bribes, that corrupted three… Continue reading Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks