UAW to Own 55 Percent in Chrysler
28 Apr 2009, 12:12 UTC · By: Daniel Patrascu / After late last night UAW local chiefs approved, unanimously, the labor concessions proposed by Chrysler (the cutting of cash payments to a retiree fund), rumors surfaced today that the UAW agreed t...
GM Makes Tough Labor and Production Cuts
27 Apr 2009, 14:07 UTC · By: Daniel Patrascu / Apart from the drastic, yet somewhat to be expected measures taken by GM in regard to its brands and future business plans, the American manufacturer has also outlined the measures it will take to s...
Fiat Denies Chrysler Alliance Is Almost Done
23 Apr 2009, 12:22 UTC · By: Bogdan Popa / Rumors surrounding the Fiat-Chrysler alliance continue to surface and a recent report even claimed that the agreement is "90 percent done". Nevertheless, officials of the two companies con...
Fiat Will Name Chrysler's Board
17 Apr 2009, 16:15 UTC · By: Daniel Patrascu / If the alliance between the two manufacturers eventually takes shape, Fiat will not limit itself to the 35 percent stake in the American manufacturer, but will also get control of Chrysler's bo...
Chrysler Replies to Fiat's Threats
16 Apr 2009, 10:44 UTC · By: Daniel Patrascu / As we told you yesterday, Chrysler's difficulties into reaching a convenient agreement with unions from both Canada and the US have placed future-maybe-partner Fiat in a defensive stance. Fiat&...
Ford Workers Approve Contract Changes
10 Mar 2009, 07:59 UTC · By: Daniel Patrascu / The only company that did not seek government help out of the Big Three has set yet another milestone in the crisis driven automotive industry. Ford Motor and its unionized workers have come to an a...
GM May Not Survive Outside Chapter 11
6 Mar 2009, 08:07 UTC · By: Daniel Patrascu / General Motor's auditors raised "substantial doubt" about the company's ability to continue its operations in the annual report filled with the US Securities and Exchange Commiss...
Michigan UAW Supporters Protest against Detroit 3 Wage Cut
14 Jan 2009, 09:25 UTC · By: Bogdan Popa / Despite the fact that most automakers are currently focusing on the 2009 North American Auto Show, American companies are obviously still seeking to solve their financial problems which brought them...