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Jun 2, 2014

UAW’s King says union needs to act globally, as corporations do

DETROIT, June 2 (Reuters) – Retiring United Auto Workers
President Bob King said in his farewell address on Monday said
that if the union is to regain the power it once had it will
have to make itself a global player, including organizing
foreign automakers in the United States.

All of the corporations the UAW deals with leverage their
power globally, said King in a speech at the UAW’s convention in
Detroit. The UAW and unions around the world must support one
another or be doomed to be increasingly marginalized.

Jun 2, 2014

UAW meets to select new president, consider dues increase

DETROIT (Reuters) – The United Auto Workers union opened a four-day convention on Monday where 1,100 members will select a new president and decide whether to approve the first dues increase since 1967.

Dennis Williams, the union’s 61-year-old secretary-treasurer, is expected to be elected president on Wednesday. He was selected last November by union leaders to head a slate of officers for four-year terms.

May 30, 2014

Retiring UAW chief sees road paved for union gains in South

DETROIT (Reuters) – Retiring United Auto Workers President Bob King said that while he did not achieve his goal of organizing a foreign-owned auto plant on U.S. soil, he believes he laid the groundwork for more than one to be brought into the union fold in the next president’s term.

King, 67, said the UAW remains actively involved in talks with Volkswagen AG about representing workers at a Chattanooga, Tennessee, plant, where the union lost a close vote in February despite having tacit support from VW.

May 29, 2014

Ford recalls nearly 1.4 million vehicles in North America

DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible loss of power steering.

About 1.186 million of the vehicles Ford said it is recalling are in the United States. That figure is only 2,200 shy of the total number of vehicles that Ford recalled in the United States during all of last year.

May 15, 2014

Kia tries to burnish image with $66,000 luxury K900 car

DETROIT, May 15 (Reuters) – Kia Motors Corp is
out to change its image among Americans as a low-priced value
brand with the recently launched $66,000 luxury K900 sedan, but
analysts said it should expect an uphill climb.

Kia, the South Korean automaker with the same corporate
parent as Hyundai Motor Co, has been asking U.S.
consumers to “challenge the luxury you know” since its February
Super Bowl ad featuring Laurence Fishburne who reprised his role
in the futuristic “The Matrix” movie trilogy.

May 13, 2014

Fiat Chrysler will be OK if it misses lofty targets – Marchionne

TIPTON, Indiana, May 13 (Reuters) – Fiat Chrysler
Automobiles Chief Executive Officer Sergio Marchionne
said the company will be much stronger than it is today at the
end of his plan to sell 7 million cars by 2018, even if it
misses the targets he set forth last week.

“The targets are the targets. But even if I miss it by 10
percent, from where I am today, it’s like (the) midget and the
Jolly Green Giant,” Marchionne said at the dedication of a new
transmission plant in Tipton, Indiana, on Tuesday.

May 12, 2014

Chrysler posts first-quarter loss, begins shipping 200 midsize

DETROIT (Reuters) – Chrysler Group LLC expects increased vehicle shipments linked to the new Chrysler 200 midsize sedan will not have a great effect on earnings until the third quarter, its chief financial officer said on Monday.

Shipments of the Chrysler 200 began a week ago but it will take time for the pipeline to fill, said CFO Richard Palmer as he discussed Chrysler’s first-quarter earnings with analysts.

May 12, 2014

Chrysler posts 1st-qtr loss, begins shipping 200 midsize

DETROIT, May 12 (Reuters) – Chrysler Group LLC expects
increased vehicle shipments linked to the new Chrysler 200
midsize sedan will not have a great effect on earnings until the
third quarter, its chief financial officer said on Monday.

Shipments of the Chrysler 200 began a week ago but it will
take time for the pipeline to fill, said CFO Richard Palmer as
he discussed Chrysler’s first-quarter earnings with analysts.

May 10, 2014

Analysis – Fiat Chrysler’s lofty target for Alfa Romeo unrealistic -experts

DETROIT (Reuters) – Actor Dustin Hoffman made Alfa Romeo trendy for Americans by driving a red Spider 1600 in the 1967 movie “The Graduate,” but Alfa sales never took off in the North American market and the company ultimately pulled out.

Fiat Chrysler Automobiles, Alfa’s current owner, this week revealed a strategy for the sporty Italian brand to race from zero to 150,000 sales in just four years. But industry experts, some citing the more than two decades it took Volkswagen’s (VOWG_p.DE: Quote, Profile, Research) Audi brand to achieve that market level, say the plan is overly ambitious.

May 9, 2014

Fiat Chrysler’s lofty target for Alfa Romeo unrealistic: experts

DETROIT (Reuters) – Actor Dustin Hoffman made Alfa Romeo trendy for Americans by driving a red Spider 1600 in the 1967 movie “The Graduate,” but Alfa sales never took off in the North American market and the company ultimately pulled out.

Fiat Chrysler Automobiles, Alfa’s current owner, this week revealed a strategy for the sporty Italian brand to race from zero to 150,000 sales in just four years. But industry experts, some citing the more than two decades it took Volkswagen’s (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) Audi brand to achieve that market level, say the plan is overly ambitious.