Tag: FCA

We’re not ready to bail on Ford after the UAW deal. But we have lots of questions

New details of Ford ‘s (F) deal to end the United Auto Workers strike were revealed over the weekend. But how this record 4½-year labor contract will impact the company’s finances remains uncertain, and It represents yet another headwind for the Club holding following last week’s underwhelming third-quarter earnings. The UAW on Sunday released parts… Continue reading We’re not ready to bail on Ford after the UAW deal. But we have lots of questions

GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks

watch now DETROIT — The United Auto Workers and General Motors have agreed to a deal that will put an end to bargaining between the union and Detroit automakers following more than six weeks of targeted U.S. labor strikes, the sides confirmed hours after sources told CNBC about the deal. GM is the final Detroit automaker… Continue reading GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks

Canadian auto union reaches deal with Stellantis after brief labor strike

Lana Payne celebrates on stage as Unifor, Canada’s largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022. Cole Burston | Reuters DETROIT — Canadian union Unifor and Stellantis have reached a tentative agreement early Monday morning, ending a brief strike that began… Continue reading Canadian auto union reaches deal with Stellantis after brief labor strike

UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses

Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new plant investments by the company, $5,000… Continue reading UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses

Canadian union Unifor ends strike after tentative deal with Stellantis

By the end of the agreement period, a top-rate production assembler will be paid $44.52 per hour in addition to COLA of $1.61. The deal now needs to be ratified by members. Canadian union Unifor called off a brief strike that began early on Monday after reaching a tentative deal with Chrysler-parent Stellantis that offers… Continue reading Canadian union Unifor ends strike after tentative deal with Stellantis

@Groupe PSA: PR MEDIA ADVISORY: New Time for the Stellantis Third Quarter 2023 Shipments and Revenues on October 31006554

AMSTERDAM – Stellantis N.V. announced today a new time for its Third Quarter 2023 Shipments and Revenues on Tuesday, October 31, 2023. A live audio webcast and conference call of the Third Quarter 2023 Shipments and Revenues will begin at 2:00 p.m. CET / 9:00 a.m. EDT on Tuesday, October 31, 2023. The related press… Continue reading @Groupe PSA: PR MEDIA ADVISORY: New Time for the Stellantis Third Quarter 2023 Shipments and Revenues on October 31006554

UAW reaches deal with GM, ending coordinated strike against Detroit automakers

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook// Acquire Licensing Rights Summary Companies UAW’s simultaneous strike against Detroit 3 was unprecedented Union had pressed for wage gains, citing big corporate profits Nearly 50,000 workers of 150,000 had walked out Oct 30… Continue reading UAW reaches deal with GM, ending coordinated strike against Detroit automakers

@FCA: Tentative Agreement reached between Stellantis and Unifor

October 30, 2023 , Windsor, Ontario –  The following statement is attributed to Mark Stewart, Stellantis North America COO: I am very proud of the negotiating teams and thankful for their commitment and focused effort in reaching a tentative agreement with Unifor. Once ratified, this agreement will reward our 8,000 represented employees and protect the long-term… Continue reading @FCA: Tentative Agreement reached between Stellantis and Unifor

Marelli plant closure forewarns painful electric vehicle transition

CREVALCORE, Italy, Oct 30 (Reuters) – Around 230 workers in Italy’s “Motor Valley” have begun striking over the planned closure of their auto parts factory, an early casualty of the European Union’s transition towards electric vehicles. Marelli, owned by U.S. fund KKR (KKR.N), wants to shut the plant in the Emilia Romagna region, which makes… Continue reading Marelli plant closure forewarns painful electric vehicle transition