Bernie's Feed
Jun 15, 2015

Honda to stop making natural gas car, to rely more on fuel cells

DETROIT, June 15 (Reuters) – Honda Motor Co will
introduce a new hydrogen fuel cell vehicle in 2016 and stop
production of its natural gas Civic, the U.S. sales head of its
American Honda auto division said on Monday.

John Mendel, speaking with reporters in Detroit, said the
company had sold about 16,000 natural gas-fueled Civic compact
cars since 1998 in a limited sales area of the United States. He
said the falling price of gasoline relative to natural gas
helped lead Honda to deciding to drop the car.

Jun 9, 2015

Fiat Chrysler North American labor chief retires ahead of talks

DETROIT, June 9 (Reuters) – Fiat Chrysler Automobiles
said its North American labor chief Al
Iacobelli has retired less than two months before company
negotiations with the United Auto Workers union.

Iacobelli, 55, will be replaced by Glenn Shagena, 52, FCA’s
former head of human resources in Mexico, effective immediately,
the company said on Tuesday.

Jun 4, 2015

Fiat Chrysler tells U.S. regulators no public hearing needed

DETROIT, June 4 (Reuters) – Fiat Chrysler Automobiles NV
, pushing back against pressure from U.S. auto
safety regulators, has told the Obama administration it sees no
reason for new public scrutiny of recalls affecting more than 10
million vehicles.

The National Highway Traffic Safety Administration has
scheduled a July 2 public hearing on Fiat Chrysler’s handling of
20 recalls for vehicles including Jeep Grand Cherokee SUV models
with fuel tanks that can leak and explode during rear
collisions.

Jun 2, 2015

U.S. May auto sales race to strongest pace in nearly decade

DETROIT (Reuters) – The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade.

Sales of pickup trucks and SUVs again led the way, which bodes well for the profit margins of the major automakers.

Jun 2, 2015

Fiat Chrysler sees May industry sales flat to up 0.7 percent

DETROIT (Reuters) – The U.S. auto industry will remain on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May, Fiat Chrysler Automobiles (FCA) (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) said on Tuesday.

FCA’s forecast is slightly more optimistic than those of Wall Street analysts surveyed by Reuters, who expected a 1 percent fall-off in May U.S. auto sales.

Jun 2, 2015

For UAW members, two-tier wage issue is personal

KANSAS CITY, Kansas, June 2 (Reuters) – For United Auto
Workers union members Jermaine and Akema Austin, a two-tier wage
system at General Motors Co is not just business, it’s
personal.

GM has two classes of UAW workers – long-time “first-tier”
employees, who earn about $28 an hour, and “second-tier” workers
hired after 2007, who earn about $16 to $19 an hour. The Austins
are on opposite sides of the divide.

May 28, 2015

U.S. Congress sets hearing on Takata, automakers expand recalls

DETROIT (Reuters) – Five automakers on Thursday widened
recalls of cars and trucks with Takata Corp air bags
and the U.S. Congress set a hearing next week on the safety
issue that has been linked to six deaths.

Takata last week complied with demands of U.S. safety
regulators and doubled the vehicles to be involved in air bag
recalls to 34 million, making it the largest recall in American
history. The total number globally is more than 53 million
vehicles.

May 28, 2015

FCA, Honda, BMW expand recalls of vehicles with Takata air bags

DETROIT (Reuters) – Fiat Chrysler Automobiles, Honda Motor Co and BMW on Thursday expanded recalls of vehicles with potentially deadly air bags made by Takata Corp, after the Japanese manufacturer last week boosted the number of vehicles affected to 53 million globally.

The recalls announced on Thursday are part of that widened Takata recall. Of the worldwide figure, 34 million vehicles are in the United States, making it the largest automotive recall in American history.

May 8, 2015

Fiat Chrysler seeks new trial, says April award ‘grossly excessive’

DETROIT (Reuters) – Fiat Chrysler Automobiles has
asked for a new trial following one that ended early in April
with a Georgia jury awarding $150 million to the family of a
4-year-old boy killed in a fiery crash involving at 1999 Jeep
Grand Cherokee.

Evidence and the law did not support that verdict in April,
the company’s lawyers said in a filing Thursday.

May 7, 2015

UAW wants new talks with Volkswagen to recognize union in Tennessee

DETROIT (Reuters) – The United Auto Workers said on Thursday it wants to enter new talks with Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) about recognizing the union as collective bargaining agent for workers at the German automaker’s plant in Chattanooga, Tennessee.

UAW Secretary-Treasurer Gary Casteel said the union made a renewed pitch to the company after a recent filing with U.S. labor officials showed the UAW is supported by 55 percent of hourly workers at the plant.