Click for more.
General Motors (NYSE: GM) said Tuesday that it plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of GM’s V8 engines, used in full-size trucks and SUVs. The money is for new machinery, equipment, and tools, as well as facility renovations. GM makes money – thousands up thousand of U.S. Dollars a unit – on selling full-size pickup trucks and SUVs with fossil fueled engines. This a prudent move that will help offset the significant costs incurred during the slow walk to non-fossil fueled propulsion systems.
“Our significant investments in GM’s Tonawanda Propulsion plant show our commitment to strengthening American manufacturing and supporting jobs in the U.S.,” said Mary Barra, Chair and CEO. “GM’s Buffalo plant has been in operation for 87 years and is continuing to innovate the engines we build there to make them more fuel efficient and higher performing, which will help us deliver world-class trucks and SUVs to our customers for years to come.” Continue reading
UAW Members Ratify Contract at Electric Boat
The UAW said this morning that UAW Local 571 members have ratified a new contract with General Dynamics – Electric Boat. Members voted by 85% to ratify the new agreement.*
“During the campaign, the local leadership rejected closed-door bargaining, and instead regularly updated their membership on negotiations. Union members built a new network of over 100 strike captains, and signed up 2,200 members, or more than 90% of the bargaining unit, for picket duty – mounting a serious threat of a strike,” the UAW said. Continue reading →