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Filed under: Etc. , Plants/Manufacturing , UAW/Unions , Lifestyle , Event Alert In case you didn't know this was going on, Detroit is in the grips of the Assembly Line Concert, a 240-hour non-stop shebang that still has more than 100 hours to go. A. J. O'Neil, a Detroit-area coffee shop owner, decided to attempt a record-breaking charity event that would assist, support, and call attention to the American auto worker. He's done it by trying to line up 240 acts -- from professional bands to politicians (no, really) to Detroiters who just want to play a ditty to show their love -- that will perform one hour sets for ten straight days. And even though the folks in the logo are obviously listening to Skynyrd, the Free Bird folks won't be appearing. So far there are 213 acts scheduled. There's still time to play if you've got the feeling, and if you just want to watch, you can head down any time of the day or check out the concert's live feed . [Source: Assembly Line...
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Filed under: Government/Legal , Chrysler, LLC. , FIAT , UAW/Unions According to The Detroit News , the United Auto Workers is giving its blessings to a potential Chrysler-Fiat tie-up. Chrysler honcho Bob Nardelli earlier pegged the possible union as a $10 billion bonanza for Chrysler, since the Pentastar would save money on developing a range of platforms, engines, and cars. The UAW's interest is, of course, the job savings: the partnership has been said to be worth 5,000 jobs that might otherwise be lost. But with current timelines, the question is where Chrysler and the UAW will be by the time such a partnership gets to the next stage. Fiat expects to complete its due diligence of Chrysler by the end of this month. But by that time, Chrysler will need to have secured concessions from the UAW and bondholders in order to get additional money from the U.S. government. Whether it will get the concessions from both parties - and what the government will do when it comes time to write a...
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Filed under: Hirings/Firings/Layoffs , UAW/Unions Despite rumors to the contrary, United Auto Workers President Ron Gettelfinger is getting off the merry-go-round in 2010. The embattled union head honcho had been rumored to be considering seeking a third four-year term , but Gettelfinger himself has since gone on record saying that such notions are "totally untrue and totally unfounded." Instead, he will retire at age 65 next year in accordance with UAW policies. There is no word yet on who will replace Gettelfinger next year, and if the current economic and auto industry malaise continues, whoever succeeds him will assuredly be stepping into a very difficult position. In the meantime, Gettelfinger will continue to work with the Detroit 3 and other union officials to try and protect worker benefits and compensation packages. [Sources: DowJones via CNNMoney.com ; Detroit News | Image: Bill Pugliano/Getty] REPORT: UAW Chief Ron Gettelfinger confirms retirement in 2010 originally...
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Filed under: Plants/Manufacturing , Chrysler, LLC. , Dodge , Earnings/Financials , UAW/Unions , Rumormill According to The Canadian Press , Chrysler may elect to pull all manufacturing operations out of Canada if it cannot come to an agreement with the Canadian Auto Workers by month's end. The embattled automaker is looking negotiating with the CAW in part to reduce wages from an average of $76 to $57, and as part of a contingency plan/ bargaining chip, it is reportedly architecting a wholesale pullout from America's northern neighbors. The pullout would jeopardize some 10,000 jobs at the company's two plants in Ontario and another facility in Toronto. It would also mean that production would have to shift (or end) for a number of key Chrysler products, including the company's minivans (and Volkswagen's Routan), as well as the Chrysler 300, Dodge Charger, and Dodge Challenger. The likely alternatives, say analysts, would be to push minivan production back to the St....
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Filed under: Plants/Manufacturing , Ford , Earnings/Financials , UAW/Unions Two years ago when Ford was negotiating a new contract with the UAW, the automaker was paying its union workers the oft-bandied amount of $70 per hour. That amount wasn't the actual hourly wage of each employee, though, but rather the employee's hourly wage plus the cost of contributions to current and future benefits for retirees and workers still with the company. Now, due to a newly signed agreement with the United Auto Workers union, Ford projects that total cost per worker will go down to $55 per hour. That puts The Blue Oval only about $5 away from the total hourly compensation paid by transplanted automakers like Toyota and Honda to their non-union workers. Among measures such as cutting overtime, bonuses, cost-of-living increases, and one paid holiday, Ford reworked its contribution to the VEBA account that will fund retiree healthcare so that it can pay into it with stock instead of cash, the total...
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Filed under: Plants/Manufacturing , Crossovers/CUVs , Ford , UAW/Unions When Ford began laying out its plan to build European product over here, Ford's Louisville assembly plant was tipped to build the Euro Focus. But according to sources who spoke to Louisville's NBC affiliate Wave3, the plant will actually be getting the Ford Kuga . It's a coup for the plant's roughly 3,000 employees, who currently build the slow-selling Explorer and its siblings, to now have an undeniably anticipated vehicle to look forward to. Ford and city and state authorities have been negotiating the fate of the two plants for a while. The truck plant was reportedlysafe, but the assembly plant's future was uncertain. Ford has said it will spend over $100 million to retool both of its Louisville plants - it also has a truck plant there that makes Super Duty F-Series vehicles - which will save 6,000 jobs. The conversion is expected to take six months and probably won't be ready until 2011....
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Filed under: Government/Legal , Chrysler, LLC. , GM According to a report by the Wall Street Journal , the Obama administration has tapped outside advisers to begin investigating debtor-in-possession financing for Chrysler and General Motors if either (or both) need to file for Chapter 11 reorganization. Quoting its usual unnamed sources, the WSJ reports that firms advising the Treasury Department are attempting to organize as much as $40 billion to aid in the possible reorganization, with some of the funding potentially coming from the banks that received federal aid last year. However, the financial pub's sources wanted to make it clear that the Obama administration isn't pushing for bankruptcy and neither the public nor the UAW should read too much into the new advisory board. We'll try... [Source: WSJ | Image: Mark Wilson/Getty] Federal advisors investigating bankruptcy for GM, Chrysler originally appeared on Autoblog on Mon, 23 Feb 2009 18:34:00 EST. Please see our terms...
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Filed under: Etc. , Ford , UAW/Unions Ford Motor Company says it has reached a tentative deal with the UAW regarding modifications to the Voluntary Employees' Beneficiary Association (VEGA) pact, the union's retiree health care trust. While specifics are not yet being divulged, the Blue Oval says that it has agreed to make up to half of its future payments into the fund with Ford common stock, although it may continue to use cash depending on the automaker's needs. Before this and other changes can take effect, the UAW will review the agreement later this week, and any alterations must be signed off on by UAW-represented Blue Oval workers as well as the court system. Ford says that the VEBA agreement, combined with the labor deal reached on February 15, will help the automaker be more competitive during the economic recession without federal loans. Be sure to check out Ford's press release after the jump. [Source: Ford | Image: Bill Pugliano/Getty] Continue reading Ford...
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