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Tag Archives: Fiat
Fiat Increases Ownership of Chrysler Group to 30%
This newly enlarged Fiat position in the Michigan based automaker is the result of Chrysler’s achievement of the second of three performance-related goals dictated by the U.S. Treasury Department when it financed a Chrysler bankruptcy and reorganization in 2009. Continue reading
Steelworkers follow UAW and Ratify Contract with Dana
The contract has implications for the United Autoworkers Union as it enters negotiations this summer with automakers since the Dana contract reduces but does not eliminate the gap in the existing two-tier wage structure with Goodyear.
The UAW is fiercely divided over the two-tier issue, which allows new hires at $12 an hour, while veterans get $28. UAW president Bob King insists that reduced wages for new workers are necessary, while opposition groups within the union are calling for its end.
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Posted in auto news, economy, manufacturing, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chrysler, dana, Fiat, Ford, general motors, Ken Zino, labor unions, uaw, united auto workers, united steel workers, usw, zino
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EU Auto Sales Slump Continues in 2010 for Third Straight Year
The European passenger car market shrank for the third straight year in 2010, with registrations declining by 5.5%, from 2009, according to the latest data just released from ACEA, the automakers’ trade group in the EU. Continue reading
Posted in auto news, economy, results, sales
Tagged auto informed, auto news, autoinformed.com, automotive news, BMW, daimler, eu, eu 2010 results, eu auto rankings, eu results, eu share, Fiat, Ford, GM, Ken Zino, nissan, PSA, Renault, results, sales results, toyota, vw, zino
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