GM option in UAW talks excludes health trust: report
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General Motors Corp  in its  contract negotiations with the United Auto Workers union has  proposed one option that excludes establishing a union-run  healthcare trust but calls for deeper cuts in several areas,  the Wall Street Journal reported in its online edition.
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DETROIT, Sept. 18 -- Talks between General Motors and the United Auto Workers continued Tuesday, said GM spokesman Tom Wickham.
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SOUTHFIELD, Mich. - General Motors Corp. has offered to cap out-of-pocket health costs for United Auto Workers members to help gain approval for a union-run fund that would let GM shed $50 billion in retiree medical-care obligations, three people with knowledge of the matter said.
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DETROIT - General Motors Corp. won its struggle to unload $51 billion in retiree health costs and improve competitiveness in the latest round of contract talks with the United Auto Workers, but not without a short-lived strike that wrung promises out of GM to keep jobs at US plants.
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Representatives of General Motors Corp   and the United Auto Workers union returned to the  bargaining table on Saturday amid expectations the two sides  were closing in on a deal that would slash health care costs  for the top U.S. automaker.
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Negotiators for the United Auto Workers and General Motors Corp. have resumed contract talks, but significant issues remain and a deal wasn't expected to be reached Saturday, according to a person briefed on the negotiations.
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General Motors Corp. GM.N, in the  midst of reassessing its unprofitable European operations, is  not ruling out closing a plant there and is likely to cut some  jobs, a GM spokesman said on Wednesday.
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The United Auto Workers union and General Motors Corp agreed to a new contract on Wednesday, ending a two-day nationwide strike by 73,000 workers with a groundbreaking deal that includes a health-care trust fund.
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Negotiators for the U.A.W. and General Motors have agreed on the framework for a health care trust, G.M.âs key demand in talks on a new contract, people close to the negotiations said.
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G.M. and the U.A.W. have shifted negotiations to other issues after being unable to agree on how much G.M. would invest in a health-care trust.
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Negotiations between General Motors Corp  and its major union ran through a fifth day of overtime on Wednesday with the automaker suggesting a trust fund that would take over nearly $5 billion in annual health care costs, according to a person familiar with the proposal.
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General Motors Corp  would give  new union members 401(k)-style retirement plans instead of  traditional pensions for the first time under a proposed United  Auto Workers contract, Bloomberg News said on its Web site,  citing people with knowledge of the talks.
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Negotiators from General Motors Corp and the United Auto Workers union were making significant progress on Saturday on a new labor contract, but major issues remained unresolved, a person close to the talks said.
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Representatives of General Motors Corp  and the United Auto Workers union returned to the bargaining table on Saturday amid expectations the two sides were closing in on a deal that would slash health care costs for the top U.S. automaker.
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General Motors Corp.&#039;s   management plans to air arguments against a proposed three-way  alliance with Nissan Motor Co. (7201.T) and Renault SA   at a meeting with its board on Friday, The Wall  Street Journal reported.
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Negotiations between General Motors  Corp  and its major union ran through a fifth day of  overtime on Wednesday, with the automaker suggesting a trust  fund that would take over nearly $5 billion in annual  health-care costs, according to a person familiar with the  proposal.
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The Pension Benefit Guaranty Corp.  will not hold General Motors Acceptance Corp. buyers liable for  General Motors'  employee benefit plans, clearing a  hurdle in the sale of the auto maker's finance arm, according  to a GM regulatory filing on Thursday.