Bernie's Feed
Dec 7, 2011

UAW won’t name foreign auto organizing target

DETROIT (Reuters) – The United Auto Workers union has decided it will not identify an organizing target among foreign automakers with U.S. operations, a shift in strategy in a campaign that union leadership sees as central to its survival.

“We’re shifting our strategy a little bit. We are not going to announce a target at all,” UAW President Bob King said in an interview. “We are not going to create a fight.”

Dec 2, 2011

Auto sales rise to near two-year high

By Bernie Woodall and Deepa Seetharaman

(Reuters) – U.S. auto sales rose 14 percent in November, paced by gains at Chrysler Group LLC and Volkswagen AG, as consumers returned to showrooms even without the lure of a big year-end sale.

Chrysler and VW posted the highest percentage gains at 45 percent and 41 percent, respectively.

Dec 1, 2011

U.S. auto sales rise to near two-year high

Dec 1 (Reuters) – Strong sales gains by major automakers,
paced by Chrysler Group LLC and Volkswagen AG , put
November U.S. auto sales on track to hit a two-year high as
consumers returned to showrooms even without a big year-end
sale.

Chrysler and VW posted the highest percentage gains at 45
percent and 41 percent, respectively.

Dec 1, 2011

Auto sales rise as confidence gains

By Bernie Woodall and Deepa Seetharaman

(Reuters) – U.S. auto sales rose sharply in November as more confident American consumers spent more on the average showroom purchase, extending a recovery trend for the industry to a sixth month.

Chrysler Group LLC, Nissan and Volkswagen AG reported double-digit percentage gains sales, putting the industry total on track for its highest level in more than two years.

Dec 1, 2011

U.S. auto sales rise as confidence gains

Dec 1 (Reuters) – U.S. auto sales rose sharply in November
as more confident American consumers spent more on the average
showroom purchase, extending a recovery trend for the industry
to a sixth month.

Chrysler Group LLC, Nissan and Volkswagen AG reported double-digit percentage gains sales, putting
the industry total on track for its highest level in more than
two years.

Nov 21, 2011

UAW says could picket foreign brand dealers in US

, Nov 21 (Reuters) – The United Auto
Workers said on Monday it could set up protests outside the
U.S. dealerships representing foreign automakers as part of a
campaign to organize workers not represented by the UAW.

UAW President Bob King has said the union’s priority is to
organize plants in southern U.S. states run by German, Korean
and Japanese automakers now that the union has completed new
four-year contracts with the U.S. automakers.

Nov 21, 2011

GM, UAW tout expanded work at Tenn. auto plant

, Nov 21 (Reuters) – General Motors Co will add nearly 1,900 jobs at a former Saturn plant in
Tennessee by 2014, the company and the United Auto Workers said
on Monday.

GM said it would begin making the Chevrolet Equinox small
sport-utility vehicle, or crossover, at Spring Hill in the
second half of 2012, with a $61 million investment. This will
add 685 jobs, 91 of which are salaried.

Nov 18, 2011

Toyota exec sees 2012 US auto sales up 1 mln

, Nov 17 (Reuters) – Consumers opting to
buy new cars after holding onto their vehicles through the
recession will help push 2012 U.S. auto sales up 1 million
vehicles, or about 8 percent, a Toyota Motor Corp
executive said on Thursday.

Jim Lentz, president of Toyota Motor Sales and the
second-highest ranking U.S. official for the Japanese
automaker, said 2012 sales would be around 13.6 million, up
from about 12.6 million to 12.7 million this year.

Nov 17, 2011

Strong yen prompts Toyota to deepen supplier ties

, Nov 17 (Reuters) – Toyota Motor Corp may strengthen ties with its suppliers and dealers to
offset the stronger yen, but it is unlikely to buy companies
outright, Toyota President Akio Toyoda said on Thursday.

“We are not good at acquiring companies. We are bad at
doing that,” Toyoda said when asked whether the strong yen
could trigger a change in the company’s acquisition strategy.

Nov 7, 2011

GM rejects Saab rescue plan under Chinese owners

DETROIT/AMSTERDAM (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) said on Monday it would stop supplying parts and vehicles to Saab under a proposed sale of the brand to Chinese owners, a rejection that threatened to kill a pending rescue plan for the Swedish automaker.

The statement represented a hardening in GM’s opposition and called into question the survival of a niche brand beloved by enthusiasts for its early use of technology like turbocharging and its distinctive Scandinavian designs.