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Oct 7, 2015

Fiat Chrysler, U.S. union UAW at table as strike looms

DETROIT, Oct 7 (Reuters) – As the threat of a strike hangs
over them, negotiators from Fiat Chrysler Automobiles NV
and the United Auto Workers union continued to
meet on Wednesday morning, a union spokesman said.

The U.S. union on Tuesday called for a strike against Fiat
Chrysler’s U.S. operations at 11:59 p.m. ET (03:59 GMT
Wednesday) unless a new agreement on a four-year contract is
reached or there is movement toward one.

Oct 6, 2015

UAW threatens strike at Fiat Chrysler U.S. operations

DETROIT, Oct 6 (Reuters) – United Auto Workers members are
planning to strike at Fiat Chrysler Automobiles NV
U.S. plants as soon as Wednesday evening, the first
work stoppage since 2007, threatening to bring manufacturing to
a halt.

A strike at its U.S. operations could cost the automaker $40
million a week in operating profit, said Sean McAlinden, chief
economist with the Center for Automotive Research.

Oct 6, 2015

U.S. union warns Fiat Chrysler of possible strike

DETROIT (Reuters) – The United Auto Workers union has told
Fiat Chrysler Automobiles NV that its workers
are prepared to walk off the job on Wednesday night unless there
is a new contract agreement, the company said on Tuesday.

A notice to Fiat Chrysler’s U.S. vice president for employee
relations, Glenn Shagena, by the UAW’s lead Fiat Chrysler
negotiator, Norwood Jewell, said the current four-year contract
extension would be expire at 11:59 p.m. on Wednesday.

Oct 5, 2015

U.S. labor chief tries to calm Fiat Chrysler worker fears

DETROIT, Oct 5 (Reuters) – The United Auto Workers and Fiat
Chrysler Automobiles NV negotiators were back
at the table on Monday days after U.S. union members soundly
rejected a proposed four-year contract the two sides agreed on
three weeks ago.

The union will try to sweeten the deal for the 40,000 Fiat
Chrysler UAW members while the company will try to hold the line
on costs that were in the rejected deal negotiators reached on
Sept. 15, labor analysts on Monday said.

Oct 2, 2015

UAW faces tough road to salvage failed contract

DETROIT/CHICAGO (Reuters) – Mounting discontent among the United Auto Workers rank and file will complicate its leaders’ bid to recover from the defeat of a proposed labor agreement with No. 3 U.S. automaker Fiat Chrysler Automobiles NV, UAW members said Friday.

UAW President Dennis Williams and its vice president for Fiat Chrysler, Norwood Jewell, told local union leaders during a meeting in Detroit Thursday evening that negotiators would convene Friday and approach the automaker, people familiar with the discussions said. Williams and other top union leaders didn’t discuss a strike at Fiat Chrysler in the near term, they said.

Oct 2, 2015

U.S. auto union faces tough road to salvage failed contract

DETROIT/CHICAGO, Oct 2 (Reuters) – Mounting discontent among
the United Auto Workers rank and file will complicate its
leaders’ bid to recover from the defeat of a proposed labor
agreement with No. 3 U.S. automaker Fiat Chrysler Automobiles NV
, UAW members said Friday.

UAW President Dennis Williams and its vice president for
Fiat Chrysler, Norwood Jewell, told local union leaders during a
meeting in Detroit Thursday evening that negotiators would
convene Friday and approach the automaker, people familiar with
the discussions said. Williams and other top union leaders
didn’t discuss a strike at Fiat Chrysler in the near term, they
said.

Oct 1, 2015

UAW rejects Fiat Chrysler contract; strikes may loom

DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) U.S. workers soundly rejected a four-year contract the automaker had agreed with the UAW, the union said on Thursday, setting the stage for at least localized strikes against the automaker.

The tentative agreement was voted down by 65 percent of the 40,000 unionized workers who work at 37 Fiat Chrysler plants, the fourth-largest U.S. automaker by sales.

Oct 1, 2015

GM targets double-digit earnings growth in 2016

, Oct 1 (Reuters) – General Motors Co
on Thursday said it is targeting an increase in earnings per
share to between $5 and $5.50 per share, from its goal of $4.50
per share this year.

The No. 1 U.S. automaker said it will increase its return to
investors by stronger profit margins in China and North America,
as well as operating efficiencies and share buybacks.

Oct 1, 2015

GM to save $5.5 billion in next three years

, Oct 1 (Reuters) – General Motors Co
said on Thursday it will save about $5.5 billion in the next
three years in efficiencies in manufacturing, administration and
purchasing, which will pay for investments in technology and
brand development.

The savings through 2018 will “more than offset” the
technology and brand investments, GM said at an annual
presentation of its plans for investors.

Sep 30, 2015

Auto union skids toward clashes with Detroit Three over pay

By Bernie Woodall and Joseph White

KOKOMO, Ind. (Reuters) – The United Auto Workers union is skidding toward clashes with at least two of Detroit’s Big Three automakers, as rank and file workers reject compromises on wage increases, benefits and work schedules that their leaders had urged them to accept.

A majority of about 40,000 UAW workers at Fiat Chrysler Automobiles NV(FCAU.N: Quote, Profile, Research, Stock Buzz) appear to have voted against a proposed four-year labor agreement hammered out by UAW President Dennis Williams earlier this month, union officials said Wednesday.