UAW President Shawn Fain plans to send workers from more plants onto picket lines Friday unless "serious progress" in contract talks is achieved.
Continue Reading the above article 'Stellantis gives UAW first new offer since start o...
Days after Lithia Motors Inc. said it had agreed to a deal to acquire Pendragon's dealership and fleet businesses, Pendragon's board of directors rejected a joint offer from a Penske Automotive Group subsidiary and Hedin Mobility Group.
Continue Reading the above article 'Penske-Hedin bid for Pendragon rejected after Lith...
The joint venture between Magna International and minority-owned LAN Manufacturing made the move in response to the UAW strike that has halted production of the Ford Bronco in nearby Wayne, Mich.
Continue Reading the above article 'Ford Bronco seating supplier lays off 650 in Detro...
Unifor plans to have members vote on its tentative agreement with Ford Motor Co. of Canada “before the end of the week,” though precise timing for ratification meetings is still being finalized, a union spokesperson told Automotive News Canada Wednesday.
Continue Reading the above article 'Unifor to hold Ford ratification vote 'before the ...
GM stopped building the Chevy Malibu and Cadillac XT4 on Wednesday after running short of stampings made at a Missouri plant that's on strike. Stellantis said it was laying off workers at an Ohio machining plant and expected to make more layoffs in Indiana.
Continue Reading the above article 'UAW strike idles Kansas GM plant, prompts Stellant...
As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50 percent to 5.75 percent range, just a quarter of a percentage point above the current range.
Continue Reading the above article 'Fed leaves rates unchanged, sees tighter policy th...
Steven Rattner, who negotiated concessions with the UAW to help keep General Motors and Chrysler afloat in 2009, says union workers deserve significant raises but can't make the automakers uncompetitive.
Continue Reading the above article 'UAW demands would make Detroit 3 uncompetitive, ex...
If the strike against ZF forces vehicle assembly to be shut down or reduced at Mercedes, it would create a historic situation in which UAW actions caused production to be impacted at four automakers simultaneously.
Continue Reading the above article 'UAW strikes ZF plant that supplies axles to Merced...
LeTourneau is succeeding Mark Bowser, who will retire at the end of 2023.
Continue Reading the above article 'Cox Automotive names Scott LeTourneau as CFO...
Lithia Motors' plan to purchase the dealership and fleet businesses of Pendragon in the U.K. is a sizable deal. But the other component, giving Lithia an ownership stake in a dealership management system company, could have the biggest impact for the rest of the U.S. auto retail industry.
Continue Reading the above article 'Deal would give Lithia a large presence in U.K. an...