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Temporary Workers at the Centre of Negotiations Between General Motors (NYSE:GM) and UAW

The United Auto Workers’ strike against General Motors (NYSE:GM) has entered its 10th day with several issues under consideration. But the parties are arguing most about on point, which is the use of temporary employees. Differences in compensation for Temporary workers The temporary workers are at the center of negotiation between the company and the […]

UAW Initiates Work Stoppage amid Breakdown of Negotiations with General Motors (NYSE:GM)

On Sunday night, the United Auto Workers union initiated a strike against General Motors (NYSE:GM). Approximately 46,000 workers at over 50 GM facilities downed their tools for the first time in 12 years. Notably, the work stoppage came into effect after UAW and GM failed to agree on a new labor deal. Putting profits ahead […]

Toyota (NYSE:TM) Announces Second Global Recall For Prius Hybrid – TM, GM, F, TSLA, HMC

Toyota Motor Corporation (NYSE:TM) declared on Friday another international recall of 2.77M vehicles following its major recall of 7.43M vehicles previous month. The newest recall engages 14 models including the Prius hybrid and 2000–2006 Corolla compact sedans to facilitate are subject to inspection and fix due to a problem with their steering and water-pump systems. […]

European Unit; CEO of GM (NYSE:GM) Reassures Workers for Work – GM, HMC, F, TM, SORL

Chief executive of General Motors Company (NYSE:GM) has told to employees at the under stress Opel unit that there are signs the firm’s effort to turn about its European operation is starting to work. GM is annoying to make its European business profitable following years of losses. Opel reported on Thursday GM Chairman and CEO […]

General Motors (NYSE:GM) Will Depart One Of Its Venture Capital Unit – GM, F, KNDI, SORL, TM

The U.S. automaker’s chief technology officer declared on Thursday that General Motors Company (NYSE:GM)  will soon way out one of its venture capital unit’s investments, moreover through an IPO or the purchase of that firm by another. GM kicked off its venture capital unit over two years before with a $200M budget to invest in […]

Ford Motor Company (NYSE:F)’s shares slightly up 0.27% on Tuesday after it declared that it leads firms selling $3.4B in asset-backed securities while auto debt dominates the market

The automaker giant is issuing $1.08B of bonds backed by auto loans, people familiar with the transaction reported who asked not to be identified for the reason that terms aren’t public. The people said that GM Financial, which provides loans to buyers with poor credit purchased by General Motors Co. (NYSE:GM), is selling $1B in […]

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