GM talks grind on, health care trust in focus
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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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Contract talks between General Motors Corp and the United Auto Workers union resumed on Sunday, a day before tens of thousands of GM factory workers were due to return to work at the No. 1 U.S. automaker in the absence of a new contract.
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The United Auto Workers has told local union leaders negotiations with General Motors Corp. were continuing with some news expected shortly, a local UAW official told Reuters on Saturday.
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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 The Securities and Exchange Commission has asked General Motors and Ford to provide information on their pension and retiree health care plans.
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For older domestic manufacturers like General Motors, health care represents a severe financial burden.
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It still remains unclear whether the United Automobile Workers will agree to the health care overhaul carmakers are seeking.
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General Motors and the United Auto Workers union yesterday continued negotiations for a new labor contract that will shape the future of the union and the auto industry.
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Representatives of General Motors Corp  and the United Auto Workers union closed in on Saturday on a tentative labor agreement that would slash health-care costs for the top U.S. automaker.
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The CEOs of General Motors Corp GM.N   and Renault-Nissan will meet this week in Paris, both sides   said on Tuesday, amid doubts ongoing talks on a possible   alliance will produce a sweeping deal by a mid-October   deadline.
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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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Representatives of General Motors Corp  and the United Auto Workers union closed in on a tentative labor agreement on Saturday that would slash health care costs for the top U.S. automaker.
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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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Talks between the United Automobile Workers and General Motors appeared close to an impasse Sunday night.
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Negotiators from General Motors Corp and the United Auto Workers union returned to the bargaining table on Saturday for a third day of intensive talks aimed at clinching a labor contract for the largest U.S. automaker.
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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. and Ford Motor Co. said Tuesday the Securities and Exchange Commission has asked them to provide information on their pension and retiree health care plans as part of an inquiry into how companies prepare estimates used to calculate pension costs.