DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) Chief Executive Alan Mulally was awarded performance bonuses for 2013 worth $13.8 million, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
The amount Mulally makes from the restricted stock he received depends on its value on the day he sells it. The shares were worth $13.83 million based on Thursday’s closing price of $15.67.
TORONTO/DETROIT (Reuters) – Chrysler Group LLC said on Tuesday that it would push ahead with development plans for two key assembly plants in the Canadian province of Ontario, but will keep its “strategic options” open after withdrawing requests for government funding.
Chrysler, a unit of Fiat Chrysler Automobiles (FIA.MI: Quote, Profile, Research, Stock Buzz), said its appeal for cash from the governments of Canada and Ontario had become a “political football,” showing the country’s short-sighted view of industrial development.
DETROIT, March 3 (Reuters) – U.S. auto sales in February
finished even with the year-earlier period as hefty incentives
to lure customers into dealerships late in the month could not
overcome cold and snowy weather.
February’s sales fell less than 300 vehicles from last
year’s 1,193,872 light cars and trucks. While General Motors Co
, Ford Motor Co and Chrysler Group all reported
stronger-than-expected sales, the higher incentives raised
concerns about industry profitability in the future.
DETROIT (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) said on Monday that its U.S. February sales rose 16 percent, which is expected to easily top the estimated gain of less than 1 percent for the auto industry.
Continued cold weather in the month probably kept many car shoppers away from dealers, analysts said. A poll of 34 analysts by Thomson Reuters showed expectations of a 0.3 percent increase over February sales last year.
Feb 28 (Reuters) – An anti-union group representing workers
at Volkswagen AG’s Chattanooga, Tennessee plant on
Friday moved to undercut a United Auto Workers challenge of an
election in which the union failed to organize the factory, the
second such action this week.
Southern Momentum, an anti-UAW group overseen by a
Chattanooga attorney, filed to intervene in the UAW’s objection
to the election results to the National Labor Relations Board.
(Reuters) – Five Volkswagen workers moved on Tuesday to undercut the United Auto Workers’ appeal to an election that resulted in the union’s failure to organize VW’s Chattanooga, Tennessee plant earlier this month, an anti-union group said.
In a petition to the National Labor Relations Board, the workers asked to intervene in the UAW’s appeal by saying the union and VW are in collusion to bring unionization to the Chattanooga plant.
/WASHINGTON (Reuters) – Workers at Volkswagen AG’s (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) Chattanooga, Tennessee, plant may have voted against joining the United Auto Workers union last week but they may still gain some representation in the company through the formation of a works council.
Frank Fischer, chief executive of VW Chattanooga and manager of the plant, emphasized on Friday night that while the workers voted against the UAW they did not vote down the idea of a works council. “Throughout this process, we found great enthusiasm for the idea of an American-style works council both inside and outside our plant,” Fischer said. “Our goal continues to be to determine the best method for establishing a works council in accordance with the requirements of U.S. labor law.”
CHATTANOOGA, Tennessee (Reuters) – In a stunning defeat that could accelerate the decades-long decline of the United Auto Workers, employees voted against union representation at Volkswagen AG’s Chattanooga, Tennessee, plant, a factory seen as organized labor’s best chance to expand in the U.S. South.
An official overseeing the vote, retired judge Sam Payne, said that a majority had voted against UAW representation by 712 to 626.
, Feb 14 (Reuters) – In a stunning defeat
that could accelerate the decades-long decline of the United
Auto Workers, employees voted against union representation at
Volkswagen AG’s Chattanooga, Tennessee, plant, a
factory seen as organized labor’s best chance to expand in the
An official overseeing the vote, retired judge Sam Payne,
said that a majority had voted against UAW representation by 712
/CHATTANOOGA, Tennessee (Reuters) – P resident Barack Obama on Friday waded into a high-stakes union vote at Volkswagen AG’s plant in Tennessee, accusing Republican politicians who oppose unionization of being more concerned about German shareholders than U.S. workers.
Obama’s comments, made at a closed-door meeting of Democratic lawmakers in Maryland, came as the vote to allow union representation at the Chattanooga plant drew to a close.