Ed Whitacre, the former CEO of General Motors in the post-bailout era, penned an op-ed in the Wall Street Journal urging the U.S. Treasury to sell its shares in General Motors “as quickly as possible”.
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Since we can’t have nice things all the time, like images of the production Jaguar F-Type, I present to you what may be the ugliest car I’ve ever seen – surpassing the multitude of Ssangyong Rodius (Rodii?) I saw on my Birthright trip.
Ford and the CAW have reached a 4 year collective agreement to Sept 2016. Details from the CAW press conference below.
With the CAW’s strike deadline set for 11:59 P.M tonight, the union will apparently focus on Ford as the target for a collective agreement, while also remaining in talks with Chrysler and General Motors.
When Bertel Schmitt launched TTAC’s Behind The Scenes series with an exclusive and in depth look at Toyota’s high-tech LFA Works, I thought to myself, “Self, you live in Detroit. Lots of automotive scenes to get behind in and around this area.” So, following up on Bertel’s idea to use the access TTAC affords us to give you a look at things you might otherwise not experience, I sent an email to someone in communications at GM about their Performance Build Center in Wixom, MI.
With the CAW’s strike deadline just four days away, the union has apparently tabled a proposal to reduce wages for new hires, a move that would stop short of a true two-tier wage system, but meet a major demand of the Big Three auto makers.
For all the rhetoric being passed back and forth between the OEMs and the CAW in this round of contract negotiations, the overwhelming feeling from our commenters is that there will be no strike, compromise will be had, and somehow, both sides will play it off as a victory. The latest bulletin from the CAW seems to support that notion.
General Motors hasn’t announced their Q3 financial results prior to November in six years, but they intend to announce them on October 31st, 2012 – just prior to the U.S. general election on November 6th.
A report by Reuters suggests that the Canadian Auto Worker’s union may take the unprecedented step of striking at the plants of all three domestic automakers.
The CAW may abandon their tactic of using negotiations with one automaker as a precedent for other negotiations, and conduct simultaneous talks with Ford, Chrysler and General Motors.
Only one more day until we get August sales data, and September 4th will bring us the latest inventory numbers. Here at TTAC, we’re keeping an eye on GM’s full-size truck inventory, which is as high as 145 days for the GMC Sierra – well above the 100 day supply that’s considered safe for full-size trucks.
In rapper parlance, the word “ignorant” often denotes someone or something that is offensively ostentatious, lacking in taste, discretion or refinement. It’s a great descriptor for the Cadillac Escalade, and according to an Automotive News report, things aren’t going to change when the next generation debuts.
General Motors will idle production of the Chevrolet Volt for four weeks in total, according to a report by Automotive News.
Auto plant visits, long a staple of election-year vote-courting for politicians, are now banned at both GM and Chrysler plants until after the votes have been counted.
Members of the Canadian Auto Workers union have voted overwhelmingly in favor of a strike mandate as talks between the union and the Big Three resumed today.
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