Chrysler

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UAW Wins Some, May Lose Some in Chrysler Deal

Union hopes for a similar deal with Ford

(Newser) - Chrysler's UAW deal came about largely as a result of the company's late concession to preserve 3,100 UAW jobs at its Mopar parts arm and a transport operation. But even as the union trumpets those victories, more union concessions—allowing Chrysler to cut costs—will probably come to light...

Strike Over After Chrysler, UAW Reach Deal

Tentative contract, said to follow model set by GM pact, brings peace

(Newser) - Chrysler and the United Auto Workers reached a tentative agreement on a new four-year contract this afternoon, the Wall Street Journal reports, just hours after UAW members walked off the job at Chrysler plants. The agreement is said to follow the pattern set by last month's General Motors pact, which...

Chrysler Workers Walk Out
Chrysler Workers Walk Out
Oct 10, 2007 10:30 AM CDT

Chrysler Workers Walk Out

Second strike in two weeks for UAW, as talks with new owners miss deadline

(Newser) - United Auto Workers told its 49,000 Chrysler employees to walk off the job at 11 this morning after 24 hours of continuous negotiations failed to yield a contract. The action marks the second UAW strike against an automaker in 20 days. An expert estimated Chrysler will lose production on...

Chrysler to Cut Non-Union Jobs
Chrysler to Cut Non-Union Jobs
Oct 9, 2007 2:27 PM CDT

Chrysler to Cut Non-Union Jobs

Automaker slashes non-unionized jobs to avoid GM's fate

(Newser) - With Chrysler deep in talks on a new contact with the UAW—the clock is ticking on a strike deadline tomorrow morning—sources tell the Detroit Free Press that cuts to non-union employees are in the works. Loss of about 1,600 salaried and contract jobs is expected, on top...

UAW Sets Chrysler Strike Deadline
UAW Sets Chrysler Strike Deadline
Oct 8, 2007 7:34 AM CDT

UAW Sets Chrysler Strike Deadline

Union names Wednesday deadline as Chrysler talks intensify, may near deal

(Newser) - The United Auto Workers turned up the heat on Chrysler over the weekend, threatening to  strike if contract talks are not settled by Wednesday. The deadline may mean a deal is close and the UAW wants to push for a resolution of last issues, the Wall Street Journal reports.

Auto Workers Face Off With Chrysler Next

Union turns to No. 3 automaker to extend terms of GM contract

(Newser) - The United Auto Workers have decided to sit down with Chrysler next, hoping to extend the terms of the contract negotiated with GM last month, Bloomberg reports. At Chrysler, the UAW will be dealing with a CEO who's been on the job just two months—Robert Nardelli, former chief of...

Historic Deal in Sight for GM and UAW

Agreement reached on shifting health costs to union-run trust

(Newser) - After bogging down for several days, talks between General Motors and the UAW got back on track yesterday as automaker and union reps closed in on a historic agreement to shift health-care costs to a union-controlled trust, the Wall Street Journal reports. The two sides are said to have a...

GM, UAW Still at the Table
GM, UAW Still at the Table
Sep 15, 2007 5:24 PM CDT

GM, UAW Still at the Table

Deal unlikely to be reached today

(Newser) - GM is back at the bargaining table with UAW reps today, but  agreement on the billion-dollar issues is not imminent, the AP reports. The UAW is said to be seeking job guarantees at US plants in exchange for agreeing to take over union members' health care liabilities via a trust...

GM, UAW Talk Past Deadline
GM, UAW Talk Past Deadline
Sep 15, 2007 6:05 AM CDT

GM, UAW Talk Past Deadline

Contracts renewed on hourly basis

(Newser) - The United Auto Workers and General Motors talked four hours past their midnight deadline for contract negotiations before agreeing to resume bargaining later today. They extended talks on an "hour-to-hour" basis on a deal that would include a union-controlled trust to assume GM's $50-billion liability for retiree health care....

UAW Targets GM on Contract
UAW Targets GM on Contract
Sep 14, 2007 8:25 AM CDT

UAW Targets GM on Contract

Car giant chosen as lead company in crucial talks

(Newser) - The United Auto Workers have chosen General Motors to be the lead company in negotiations on contracts set to expire tonight, adding pressure to strike a deal the UAW will then try to impose on Ford and Chrysler. The union chose GM because it's in the best financial shape of...

Chrysler Pilfers Toyota's Top US Executive

Firm's highest-ranking non-Japanese ever jumps ship

(Newser) - Toyota North America's president will become the new co-president and vice chairman of Chrysler, the Detroit Free Press reports. Jim Press, the highest-ranking non-Japanese exec in Toyota's history, brings a reputation as a talented manager to Chrysler, which is in the process of transforming into a private company after being...

GM Scores With Crossovers
GM Scores With Crossovers
Sep 4, 2007 1:45 PM CDT

GM Scores With Crossovers

New models steering customers back onto American lots in droves

(Newser) - In its fierce battle with Asian automakers to reclaim the hearts and keys of American drivers, GM has three reasons to celebrate: the Buick Enclave, GMC Acadia, and Saturn Outlook. The company’s crossover vehicles combine the look of an SUV with the higher fuel economy of a sedan—and...

Life Without Chrysler Suits Daimler Fine

German automaker predicts 10% profit margins by 2010

(Newser) - Rid of the Chrysler albatross since its May sale, German automaker DaimlerChrysler says its profits are taking off, Business Week reports. CEO Dieter Zetsche said yesterday the company—which aims to strip "Chrysler" from its name this fall—is likely to beat his estimates of 7% profit this year,...

Where is Stephen Feinberg Taking Chrysler?

Onlookers worry what Steven Feinberg is up to with Chrysler

(Newser) - Portfolio does its best to profile Stephen Feinberg—the ultra-secretive, ultra-cutthroat CEO of Cerberus Capital Management—without talking to him. Feinberg avoids the media like the plague, preferring to bring faltering companies into the black in secret, and his shadowy plans for new stepchild Chrysler are no exception.

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new CEO to cut costs

(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’...

Ex Home Depot Chief Takes Chrysler Wheel

Nardelli tapped as CEO in takeover shake-up

(Newser) - In a major shake up, Chrysler 's chief executive will be replaced by former Home Depot boss Bob Nardelli, the Wall Street Journal reports. An auto official called Nardelli a "real change agent" in an industry rocked by foreign competition. Nardelli is the second auto-industry neophyte to be named...

Foreign Cars Outsell Detroit
Foreign Cars Outsell Detroit
Aug 2, 2007 5:14 AM CDT

Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from...

Banks Put Hold on Chrysler Debt Sale

Global woes beset buyout sector; Daimler deal not affected

(Newser) - Banks yesterday postponed the sale of $12 billion of debt intended to finance the deal that will split off Chrysler from parent DaimlerChrysler. The Journal reports that the holdup is part of a global pinch on the market for corporate debt, and escalating borrowing costs have the potential to slow...

Chrysler Plunges Into China Trade
Chrysler Plunges Into China Trade
Jul 4, 2007 12:29 PM CDT

Chrysler Plunges Into China Trade

US auto giant plans to use tiny imports to battle Japanese manufacturers

(Newser) - In a cost-cutting move, Chrysler will introduce cars produced by China's biggest automaker to the US market by late 2009. Chrysler and Chery staged a signing ceremony today in Beijing to allay fears about the American auto giant's new ownership not backing the deal, MarketWatch reports. The first vehicles will...

Detroit Resists MPG Rules
Detroit Resists MPG Rules
Jun 7, 2007 5:10 AM CDT

Detroit Resists MPG Rules

Face-off in Washington over tougher fuel economies

(Newser) - The Big Three car makers are trying to put the breaks on Congressional plans to toughen fuel economy standards to an average of 35 mpg over the next 15 years. The Wall Street Journal predicts a political struggle that will test how much clout Ford, Chrysler and GM still have...

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