UAW's Attention Shifts To Ford
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As Chrysler's labor contract moved closer to ratification yesterday, the spotlight began shifting to Ford, the final Detroit automaker yet to work out a union deal.
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As talks begin over autoworkers' contracts, the industry's generous benefits are under scrutiny.
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Ford&#39;s recent success in the World Rally Championship seems to have tipped the Detroit company into staying in the WRC for four more years.
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Fordâs decision comes after its board met last week, according to people with knowledge of the situation.
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The recovery of Ford Motor Co. -- even   with plans to cut 45,000 jobs, close 16 factories and save $5   billion -- hinges on a deceptively simple solution: it has to   build cars people want to drive, analysts said.
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Shares of General Motors Corp  and Ford Motor Co.  rose on Friday after Deutsche Bank raised its rating on the two U.S. automakers, citing the potential to reduce health-care costs through an agreement with the United Auto Workers union.
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There was a collective gasp in the business world a few weeks back when Alan R. Mulally was recruited from Boeing to become FordÂs new chief executive.
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The sorry little conflict between GM and the UAW is not about the future of the American auto industry. Itâs about the past.
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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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DETROIT - Ford Motor Co. can no longer complain about being hamstrung by high labor costs preventing it from making money domestically.
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Fordâs decision comes after the companyâs board met last week, according to people with knowledge of the situation.
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Ford said it was working with financial advisers to sort out the future of the two British brands.
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Union leaders voice concerns about Ford's decision to put its UK luxury car firms Jaguar and Land Rover up for sale.
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Labor, automaker negotiate sweeping layoffs, focus on severance pay, provisions for fired workers.
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General Motors Corp and Ford Motor Co began talks with the United Auto Workers on Monday, hoping to win sweeping concessions that would slash labor costs for the struggling U.S. auto industry.
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Ford Motor Company signed a collective bargaining agreement with the union representing its Russian employees, averting a strike in a country that has been a bright spot for the automaker. Sales in Russia are booming; Ford made 60,000 Focus cars in Russia last year and plans to produce 75,000 this year. The company agreed to raise wages 14 percent to 20 percent and to guarantee that jobs will not be lost in outsourcing to subcontractors, according to Aleksei V. Etmanov, the union president.
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Detroit automakers, hit with huge losses, may spin responsibility off to the labor union during contract talks this summer.