Delphi deal said near as UAW contract talks loom
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General Motors Corp.  and bankrupt auto parts maker Delphi Corp.  are near a deal with the United Auto Workers union that would provide a cash payout to Delphi workers in exchange for lower hourly wages, the Detroit News reported on Thursday.
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DETROIT -- Contract talks between the United Auto Workers and General Motors Corp., the nation's largest vehicle manufacturer, got under way Monday.
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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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General Motors Corp. is close to an agreement with the United Auto Workers on another round of buyout and early retirement offers to cut the number of workers in jobs banks and clear openings for workers hired at lower-tier wages
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The United Auto Workers union set a firm Monday morning deadline to reach a contract deal with General Motors Corp and threatened to send 73,000 GM factory workers on strike if no deal is reached.
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Auto parts supplier Delphi Corp. said today that a group of private capital companies has agreed to invest up to $3.4 billion to help the company pull out of bankruptcy, potentially helping avert a showdown with organized labor that could have further stressed the ailing U.S. auto industry.
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The United Auto Workers union and General Motors Corp. remained locked in negotiations late on Friday as the largest U.S. automaker headed toward a midnight deadline to either clinch a deal or face a possible strike.
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General Motors Corp. could take a  $1 billion charge in the second quarter in relation to its  financial exposure to Delphi Corp , GM spokeswoman  Renee Rashid-Merem said on Thursday.
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General Motors Corp.  Chief Financial Officer Fritz Henderson said on Thursday it is "feasible" but "would be tight" for the auto maker to hammer out a deal with Delphi Corp. by the end of the first quarter of 2007, the Wall Street Journal reported on its Web site.
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The United Auto Workers and an automotive supplier have reached an agreement that covers current hourly workers and possibly those at yet-to-open factories, the first multi-plant pact negotiated by the UAW in 20 years.
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The United Auto Workers union was mobilizing its membership late yesterday in anticipation of a midnight deadline for completing labor negotiations with General Motors, union officials said.
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The head of the United Auto Workers union on Monday said that a strike against the struggling U.S. auto industry remains a possibility should workers be unable to agree on terms with the three Detroit-based automakers in contract talks starting this week.
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Contract talks between the United Auto Workers and General Motors Corp. stretched into the night yesterday, slowed so much by the complexity of retiree health care and other issues that a deal could be days away.
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DETROIT -- Bargainers for General Motors Corp. and the United Auto Workers took a break early Monday amid optimism that they are getting closer to reaching a critical contract agreement.
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About 37,000 hourly workers have  accepted buyout offers by General Motors Corp.  and  Delphi Corp. , potentially giving the automaker  greater cuts than expected, a newspaper said on Friday.
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The United Auto Workers union&#39;s  deadline for reaching a tentative deal with General Motors Corp   is 11:59 p.m. EDT on Friday, September 14, the union&#39;s  vice president said in an e-mail to members on Thursday.
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WILMINGTON, Delaware  - General Motors Corp.'s  priorities for this year include concluding a deal to allow its former parts subsidiary Delphi Corp  to emerge from bankruptcy and cutting its own health care costs, the automaker's chief executive said on Tuesday.