Fiat Chrysler and PSA sealed their merger on Saturday to create Stellantis. The new company is the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.… Read more Continue reading Stellantis, the new automaker giant
The main remaining issues in the negotiations between the United Auto Workers union and General Motors Co have narrowed to wages and pensions. Meanwhile the strike continues, nearing three weeks. The GM strike began on Sept. 16 with the 48,000 UAW members seeking higher pay, greater job security, a bigger share of the leading U.S. automaker’s profit and protection of healthcare benefits. The sides have been meeting daily and talks continued on Saturday. One of the major remaining issues includes the UAW’s desire to reduce the time it takes newer hires to earn the top wage scale of about $31… Read more Continue reading Strike against GM nears three weeks
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