DETROIT (Reuters) – The United Auto Workers would like Volkswagen AG to voluntarily recognize the U.S. union as the best choice to represent the German automaker’s workers at its Tennessee plant, the union’s president said on Thursday.
Doing so would eliminate the need for a more formal and divisive vote, UAW president Bob King said, and allow the union and VW to represent the workers using an “innovative model” that would be a milestone in the union’s long-running effort to organize foreign-owned auto plants.
DETROIT (Reuters) – AutoTrader has no plans at the moment to consider a public listing, its president said on Wednesday, eight months after the online automobile marketplace operator pulled the plug on an initial public offering.
The company, which owns the AutoTrader.com and Kelley Blue Book brands, pulled its $300 million IPO in January, citing market conditions. Privately held Cox Enterprises, which owns 75 percent of AutoTrader, as well as all of wholesale car auction company Manheim, prefers to nurture both auto assets itself, said Sandy Schwartz, president of both units.
DETROIT, Sept 10 (Reuters) – U.S. executives at Volkswagen
AG’s plant in Tennessee were “forced” by a German board member
to sign a letter disclosing the United Auto Workers’ efforts to
organize the factory, a move that created tension within the
company, U.S. Senator Bob Corker said on Tuesday.
VW executives said last week in a letter to employees at the
Chattanooga plant they are in talks with the UAW about the U.S.
union’s bid to represent workers at the factory using an
“innovative model,” which would be a milestone in the union’s
long-running effort to organize foreign-owned auto plants.
DETROIT (Reuters) – Volkswagen AG and the United Auto Workers said they are in talks about the U.S. union’s bid to represent workers at the German carmaker’s Tennessee plant, which would be a milestone in the UAW’s long-running effort to organize foreign-owned auto plants.
Volkswagen officials, in a letter distributed to workers at the Chattanooga, Tennessee plant on Thursday night and Friday morning shifts, said worker representation at the plant can only be realized by joining with a U.S. trade union.
DETROIT (Reuters) – U.S. auto sales were on a pace to show a gain as high as 17 percent in August as the industry raced toward its strongest month since just before the start of the 2007-2009 recession.
Last month’s sales will top 16 million vehicles on a seasonally adjusted annualized basis, several automakers said, which would be the first time U.S. sales topped that level since November 2007.
DETROIT (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), which introduced most consumers to hybrid technologies with its Prius more than 15 years ago, said on Wednesday that the next generation of that popular series will offer improved fuel economy due to smaller, lighter critical parts that cost less.
The next Prius, which is expected in 2015, will include improved batteries and smaller, more powerful electric motors, and will be built on the company’s new global vehicle architecture, Toyota managing officer Satoshi Ogiso said at a company hybrid vehicle event outside Detroit.