Rank-and-file Ford workers may get their first glimpses Monday at a newly proposed contract between the automaker and the United Auto Workers union, the Detroit News reported.

According to the report, Ford workers may be offered a $10,000 signing bonus to approve the contract; a $1,750 annual bonus payout, similar to one in the proposed General Motors contract; a $70,000 early retirement buyout for senior workers; a $9 billion investment plan for Ford factories; and, pay increases for veteran Tier 1 and newer Tier 2 workers.  Read More >

United Auto Workers at General Motors’ Fort Wayne, Indiana facility overwhelmingly agreed to a proposed contract with the automaker that would raise wages and eventually close the gap between veteran workers and employees hired after 2007, Reuters reported.

Workers at the facility, who build full-size trucks for GM, approved the contract by nearly 60 percent. Workers at other GM facilities, including Wentzville, Missouri and Spring Hill, Tennessee, approved the deal by similar margins, paving the way for ultimate approval for the labor contract.

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Ford Motor Company said Tuesday that the company posted its most profitable third quarter driven by pickup sales in North America.

According to Ford CEO Mark Fields, F-150 transaction prices were up $2,800 for the third quarter in 2015 compared to the same period last year and dealers were reporting full stocks of trucks, up from this year’s shortage.

Fields stopped short of saying the new F-150 was more profitable than the outgoing generation, but said the truck was contributing — not taking away from — the company’s record profit. Representatives said high-margin cars such as the Edge, Mustang and Explorer also contributed to pre-tax profit of $2.7 billion last quarter. Read More >

The National Highway Traffic Safety Administration selected former Transportation Secretary Rodney Slater as an independent monitor over Fiat Chrysler Automobiles safety compliance, the automaker announced Friday.

Slater was transportation secretary under President Bill Clinton from 1997 to 2001. After his federal post, Slater has held a slew of automobile safety-related posts including his recent appointment as special counsel to Takata.

Slater was the first black director for the Federal Highway Administration and the second black transportation secretary.

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General Motors will lay off around 500 workers and eliminate one shift at its Orion Assembly due to sagging demand for small cars, the automaker announced Friday. Those workers may be sent to a nearby plant.

Automotive News first reported on the layoffs.

According to a statement from a GM spokesman, the automaker will “adjust plant production capacity to align with market demand” and eliminate one shift that builds the Sonic. Demand for the Sonic has largely remained flat since the subcompact’s introduction in 2011.

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United Auto Workers at Fiat Chrysler Automobiles plants voted to overwhelmingly approve a contract with the automaker three weeks after turning back its first proposal, the union reported.

According to a statement posted on the UAW’s website, 77 percent of hourly production, 72 percent of skilled trades and 87 percent of salaried bargaining unit workers approved the contract.

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General Motors announced Thursday that it would add a second shift to a flexible Detroit plant to prepare for upcoming demand for its cars.

GM will add roughly 1,200 jobs to Detroit-Hamtramck this year to help it build new models, the automaker said in a statement. The plant builds the Chevrolet Volt, Impala and Malibu and the Cadillac ELR there on a single production line. Production of the Cadillac CT6 will start there in early 2016. Read More >

General Motors announced Wednesday that third quarter, adjusted profit for the company was $3.1 billion, led by truck sales in North America and car sales in China. The net revenue was down $500 million from the same period last year, which GM says is due to currency fluctuations, but the automaker’s profits were decidedly higher.

Automotive News reported that the profit margin was the largest for GM since its 2009 bankruptcy, even after its $1.5 billion charge to settle claims related to its defective ignition switch that resulted in 124 deaths.

The automaker posted an 11.8 percent profit margin — also its largest since 2009 — and said it would end the year above 10 percent.  Read More >

Proving that no good deed goes unpunished, Dodge will end production of its supercar Viper in 2017 when the current generation has finished its run, Allpar reported.

(OK, so the Viper wasn’t exactly perfect.)

The website reported that United Auto Workers proposed contract with Fiat Chrysler Automobiles doesn’t include a product at the Viper’s Conner Avenue plant when Viper finishes in 2017. Viper has languished since its introduction in 2013, suffering from a high price and increased competition from the Chevrolet Corvette. Last year, Dodge sold 760 coupes, which was the best year for the current generation so far, but far from the nameplate’s zenith in 2003 when it sold 2,103 examples.

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A United Auto Worker retiree medical fund created to reduce healthcare costs and increase services for more than 700,000 people reported a $20.7 billion difference between assets and future liabilities, Bloomberg reported Wednesday (via Automotive News). The shortfall increased by more than $16 billion over the last report.

A similar system proposed for Fiat Chrysler Automobiles workers in the union’s first proposed contract — which was rejected by workers nearly 2-to-1 — was scrapped in the second contract.

Accounting for future inflation and longer average lifespan are to blame for the increased shortfall, according to the report. Read More >

Fiat Chrysler Automobiles may double the amount of temporary workers it uses under a new deal negotiated with the United Auto Workers, Bloomberg reported (via Automotive News).

The negotiated terms include a provision for the automaker to use the workers any day of the week, instead of the previously allowed Monday, Friday and weekend shifts.

According to the report, the terms may have been negotiated as a way to keep labor costs lower and offer more workers raises. Temp workers are hired at rates lower than any of the tiered-pay scales. Temp workers can be terminated at any time by the automaker.

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Like Al Pacino in “The Godfather 2,” Sergio Marchionne’s move to insulate himself further and tap future successors has claimed another victim. On Monday, former Fiat North American chief Jason Stoicevich resigned from the automaker, days after he was replaced as head of Fiat by Dodge CEO Tim Kuniskis.

Stoicevich was a longtime FCA employee, heading up the automaker’s California sales office and former head of Jeep operations before that.

His departure is the latest in a company-wide shakeup to consolidate most North American brands between fewer brand chiefs.

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United Auto Workers at Fiat Chrysler Automobiles facilities will vote next week on a newly proposed contract to cover 40,000 workers, the Wall Street Journal reported.

Workers will have until Oct. 20 to review the proposed deal, which was reached last week before a threatened strike. According to the report, workers will vote on the deal Oct. 20-21. Roughly 65 percent of workers reportedly voted down the first deal between the automaker and the UAW because of concerns over its tiered pay structure, health care co-op and lack of communication from union leadership. Read More >

… it’s probably dead.

The Detroit Free Press reported that the deal appears to be mathematically impossible after several large locals voted down the proposed contract this week.

The margins of defeat have been growing since Mopar and axle operators workers voted down the proposal by just over 50 percent and 65 percent last week, according to reports. Workers in Toledo, which builds the Jeep Wrangler and may lose the Cherokee to Sterling Heights, Michigan in order to build more Wranglers, voted overwhelmingly against the proposal; 87 percent declined the contract according to the Free Press.

Union workers at Fiat Chrysler Automobiles plants say that the contract, which does not specify production sites or moving plans — such as shifting truck and car production — doesn’t assuage concerns that more jobs will be lost to Mexico.

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United Auto Workers at Fiat Chrysler Automobiles’ Jefferson North Assembly Plant and its Kokomo Transmission Plant voted down a contract proposal over the weekend, marking the latest and perhaps the most significant defeat to the union’s proposal, the Detroit Free Press reported.

According to reports, 66 percent of the workers, who build Jeep Grand Cherokees and Dodge Durangos at the Jefferson facility, vetoed the contract.

The contract faces an uncertain future with the rest of UAW workers at FCA, and while overall passage is mathematically possible, the growing rate of rejection doesn’t look particularly promising.

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