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Oct 22, 2015

With Fiat Chrysler pact approved, UAW now eyes GM and Ford

DETROIT, Oct 22 (Reuters) – The United Auto Workers union
said on Thursday that its members ratified a four-year labor
contract with Fiat Chrysler Automobiles NV by
an overwhelming majority, after rejecting a previous contract
proposal last month.

The new contract will be used as a basic pattern for
contracts at U.S. automakers General Motors Co and Ford
Motor Co. The UAW is expected to soon name the company
with which it negotiates next.

Oct 22, 2015

UAW union says members overwhelmingly ratify Fiat Chrysler pact

By Bernie Woodall

(Reuters) – The United Auto Workers union said on Thursday that 77 percent of voting members have ratified a four-year labor contract with Fiat Chrysler Automobiles NV (FCAU.N: Quote, Profile, Research, Stock Buzz)(FCHA.MI: Quote, Profile, Research, Stock Buzz).

The new contract will be used as a basic pattern for contracts at U.S. automakers General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) and Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz). The UAW is expected to soon name the company with which it negotiates next.

Oct 22, 2015

GM plans to add 1,200 workers at its remaining Detroit plant

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) plans to add a second shift at its Detroit-Hamtramck plant, responding to forecast demand for the four models the plant makes and anticipating production of Cadillac’s new flagship sedan, the company said on Thursday.

News the company is expanding work at its last remaining Detroit plant came just as the United Auto Workers union is set to decide whether to enter its next round of focused labor talks with GM or Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz).

Oct 22, 2015

U.S. union voting shows support for Fiat Chrysler pact

DETROIT (Reuters) – United Auto Workers union members showed overwhelming support in early voting returns on Wednesday night for a proposed four-year labor contract with Fiat Chrysler Automobiles NV (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz), according to local union hall websites.

The UAW is expected to issue on Thursday the final results of the ratification vote on the deal, which will set the tone for upcoming negotiations with General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) and Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz).

Oct 21, 2015

Trucks, China drive GM profit to beat Street in third quarter

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) reported record quarterly earnings before charges for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues.

GM shares rose about 4.5 percent to $35 in premarket trading.

GM posted profit of $1.50 a share in the quarter, up 55 percent from a year ago and well ahead of the $1.18 per share consensus among Wall Street analysts polled by Thomson Reuters I/B/E/S.

Oct 12, 2015

UAW locals compact Fiat Chrysler voting to 2 days

DETROIT, Oct 12 (Reuters) – All 40,000 union members at Fiat
Chrysler Automobiles U.S. will vote on a proposed new contract
on Oct. 20 and 21, rather than stretch the balloting over more
than a week as was done in the recent failed vote, the United
Auto Workers (UAW) union said on Monday.

UAW President Dennis Williams indicated on Friday, when the
union sent the tentative four-year contact to rank-and-file
voting, that he wanted to give members more time to digest the
new deal before voting.

Oct 9, 2015

UAW leaders send Fiat Chrysler pact to workers for vote

DETROIT (Reuters) – U.S. union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV (FCHA.MI: Quote, Profile, Research, Stock Buzz) (FCAU.N: Quote, Profile, Research, Stock Buzz), sending the proposed pact to 40,000 workers for a ratification vote. The move follows Fiat Chrysler workers’ rejection last week of a previous tentative contract. A new tentative agreement was reached on Wednesday night, averting a call by the UAW to have its members strike Fiat Chrysler’s U.S. operations.

Several hundred of the UAW’s local leaders from its branches, mainly in the U.S. Midwest, met in Detroit to take the formal step to send the contract on to a worker vote.

Oct 8, 2015

Proposed Fiat Chrysler UAW pact gradually ends two-tier pay – sources

, Oct 8 (Reuters) – The latest proposed
four-year contract for Fiat Chrysler Automobiles NV’s U.S.
unionized workers would over time eliminate the much-maligned
two-tier pay structure, allowing new hires to reach top pay
within eight years, sources said.

The proposal agreed by United Auto Workers and Fiat Chrysler
negotiators late Wednesday night would also
increase the top pay for some second-tier workers to $29 in the
course of the agreement, up from their current pay of about $19
per hour, sources said. That would also be up from about $25 top
pay for second-tier workers that was in the proposed contract
rejected last month by a nearly 2-to-1 margin.

Oct 8, 2015

Proposed Fiat Chrysler UAW pact gradually ends two-tier pay

DETROIT (Reuters) – The new proposed four-year contract for Fiat Chrysler Automobiles NV’s U.S. unionized workers would over time eliminate the much-maligned two-tier pay structure, allowing new hires to reach top pay within eight years, sources said.

The proposal agreed by United Auto Workers and Fiat Chrysler (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) negotiators late Wednesday night would also increase the top pay for the more experienced second-tier workers to $29 in the course of the pact, up from their current pay of about $19 per hour, sources said. That would also be up from about $25 top pay for second-tier workers that was in the proposed contract rejected last month by a nearly 2-to-1 margin of Fiat Chrysler UAW workers.

Oct 8, 2015

Fiat Chrysler, U.S. union UAW reach tentative agreement

DETROIT (Reuters) – Fiat Chrysler Automobiles NV and the United Auto Workers said on Thursday they had reached a new tentative four-year labor agreement that averted a threatened strike of the automaker’s U.S. operations.

The agreement must be ratified by a vote of Fiat Chrysler’s 40,000 union workers in the United States. A previous proposed contract was rejected by rank and file UAW workers at Fiat Chrysler in voting late last month.