The United Auto Workers union has summoned local officials representing some 26,000 Chrysler Group LLC workers to Detroit as contract talks with the No. 3 U.S. automaker near a turning point.
Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.
The United Auto Workers expect the pace of talks with Ford Motor Co to quicken now that the sides are tackling economic issues and union President Bob King is at the table, a union official said on Monday.
Automobile production in Brazil rose 3.9 percent BRAOPM=ECI and sales increased 0.6 percent BRASLM=ECI in July from June, the national automakers' association said on Thursday.
Chrysler is recalling nearly 300,000 minivans.
Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient investors with a 14-fold increase in its share price.
Ford Motor Co has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for the popular F-150 truck.
The head of General Motors Co's (GM.N) Brazilian unit, Denise Johnson, has stepped down after just eight months on the job, the company said. Johnson's resignation, announced on Tuesday, comes amid a decline in GM's market share in Brazil.
General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.
Three workers from a high-profile Chrysler plant that makes a crucial new Jeep model were arrested recently for alleged drug use during the workday, the company and police said.
Chrysler Group LLC plans to temporarily shut down its plant in Windsor, Ontario next week due to a shortage of parts, a spokeswoman said on Friday. The plant, which is expected to reopen on February 7
Automobile sales in Brazil reached record high for the fourth consecutive year in 2010, as the country is expected to witness the fastest growth in more than two decades.
Registrations of new passenger cars in Europe decreased by 7.1% amounting to 1,069,268 units, the European Automobile Manufacturers Association said Wednesday.
Two University of Illinois experts in bankruptcy law are saying that the legal principles applied in the bankruptcy reorganizations of GM and Chrysler were misguided, and have ultimately undermined the distributional norms of bankruptcy reorganizations.
