HealthCare


UAW reportedly agrees to 17.5% stake in GM

Facing a looming June 1 deadline to reach agreements with the bondholders and union, General Motors may have failed to come to terms with the former, but it has reportedly arrived at a tentative concessions agreement with latter. The deal puts the United Auto Workers' trust fund in charge of future health care costs in exchange for a 17.5% stake in the reorganized General Motors. The U.S. Treasury is still expected to take the controlling stake in the reorganized company. In addition, the agreement calls for GM to put $10 billion in assets in ... Read more →

NYT: U.S. reportedly preparing Chrysler for bankruptcy... as early as next week Chris Paukert

According to a story from The New York Times, the Treasury Department and Chrysler are readying Chapter 11 bankruptcy documents for filing as early as next week. The report goes on to say that the ...

Ford's new deal with UAW gets wages down to $55/hour Jonathon Ramsey

Two years ago when Ford was negotiating a new contract with the UAW, the automaker was paying its union workers the oft-bandied amount of $70 per hour. That amount wasn't the actual hourly wage of ...

Ford, UAW reach tentative retiree health care trust fund deal Chris Paukert

Ford Motor Company says it has reached a tentative deal with the UAW regarding modifications to the Voluntary Employees' Beneficiary Association (VEGA) pact, the union's retiree health care trust. ...

Signing bonuses may get GM and UAW over hump Damon Lavrinc

Although labor talks between GM and the UAW have been going on since the union's contract expired last Friday at 11:59 PM EST, we've been following the late-night negotiations from afar, waiting for ...

Big Three discussing joint healthcare fund 2 years ago on Autoblog

Recently, the UAW decided to look at the unusual step of taking over heathcare liabilities from the Big Three. The reason being that pension fund costs for future retirees is adding a terrific sum to the expense sheet every year -- GM's costs alone were $4.8 billion in 2006, and combined costs could ...

Place your bids: Chrysler's worth explained... briefly 2 years ago on Autoblog

Can this be the buy of the century? As the rumors of Chrysler's sale increase analysts are starting to talk about just how much it might cost a prospective bidder to secure the rights from Daimler. The numbers they are throwing around seem amazingly cheap. Some are going so far as to say that DCX ...

UAW blinks first: Reconsidering health concessions for Chrysler 2 years ago on Autoblog

Chrysler no doubt felt a little burned by the United Auto Workers Union after being told it would receive no concessions for health care like the ones offered to both General Motors and Ford. At the time, the UAW cited the Chrysler Group's better financial health as the reason for the snubbing, but ...

Guess who's coming to Washington? White House to meet with the Big Two Point Five 3 years ago on Autoblog

In the never-ending saga between the Bush administration and Detroit's automakers, a tentative date has finally been set for a meeting. During a radio interview, President Bush's political advisor Karl Rove confirmed that a discussion between GM, Ford and DaimlerChrysler would take place in ...

UAW denies health care talks with Chrysler 3 years ago on Autoblog

The UAW on Wednesday jumped on rumors that it had reopened talks with Chrysler. According to a piece in The Detroit News, UAW spokesman Roger Kerson said there was no meeting over one of the biggest sticking points, health care, as was rumored elsewhere. Although the UAW has reached health care ...

Chrysler gets no sympathy from UAW on health care costs 3 years ago on Autoblog

UAW President Ron Gettelfinger is apparently done being pushed around by the domestic auto industry. Despite having given landmark cost-saving concessions on health care to both General Motors and Ford, Gettelfinger indicated to Reuters the same offer would not be extended to The Chrysler Group. The ...

Ford, GM, Chrysler drop ineligible workers from healthcare roster 3 years ago on Autoblog

The Big 3 have been trying to shave their health care costs by cutting eligibility and the percentage of benefits for both retirees and current employees, but as it turns out, the three companies have found tens of thousands of people still receiving benefits despite their ineligibility. As a ...

Big Three executives meet with Washington lawmakers 3 years ago on Autoblog

The much ballyhooed meeting between domestic auto industry leaders and U.S. lawmakers came and went today, with the net-net being that the Capitol gang has pledged to work with the manufacturers 'as partners.' Rick Wagoner (General Motors Chair and CEO), Tom LaSorda (DaimlerChrysler President ...

GM changes its mind, posts Q1 profit 3 years ago on Autoblog

General Motors has revised its first quarter earnings statement to show a profit of $445 million, rather than the $323 million reported earlier this month. GM says the change is based on conversations the company had with SEC regulators regarding whether or not it could write off the settlement it ...

Second judge recuses self in UAW/Ford health care case 3 years ago on Autoblog

The district court case between the United Auto Workers and the Ford Motor Co. will have to go without Judge Anna Diggs Taylor. The judge has excused herself from the health care paring case, citing the fact that’s on the Henry Ford Health System’s board. The case has been handed over to ...

A UAW-free General Motors: the consequences 3 years ago on Autoblog

George Reisman, professor of Economics at Pepperdine University and author of the book Capitalism: A Treatise on Economics, attempts to answer the question of where would General Motors* be today without the United Auto Workers. Some of his ten conclusions include: #1. GM management could fire ...

More workers going under the knife before benefits cut 3 years ago on Autoblog

According to the International Herald Tribune, Michigan physicians, hospitals and medical insurers have noted an increase in the number of elective surgery requests since last year. Replacements for knees, hips and shoulders were up by 20 percent at the Henry Ford Health System alone. A little super ...

General Motors helps employees get it up 3 years ago on Autoblog

OK, the headline is crass, but it's true -- General Motors says it spends $17 million on erectile dysfunction drugs like Viagra and Cialis.  While it's a small chunk of the $5 billion the company spends on health care for 1.1-million salaried and retired employees plus their ...

Ford charging fee to insure better halves 3 years ago on Autoblog

Following hot on the heels of Chrysler’s health care cost restructuring, Ford has announced that it will begin charging an extra fee to employees who choose to cover their spouses on their own policy if they are able to be covered elsewhere. The extra cost will be $110/month for medical ...

Chrysler execs bear brunt of health care cost increase 3 years ago on Autoblog

As Chrysler spends nearly $2.3bil on health care costs per year, about $8K per worker, it was evident at the top level that changes to the system would have to be made. Those changes were announced yesterday and involve a sliding scale of out-of-pocket premium increases that’s based on each ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

Subscribe via: iTunes | RSS

Featured Galleries

  • MINI Beachcomber concept
  • 2011 Mercedes-Benz E-Class Cabriolet
  • 2011 Audi A1 Graffiti Teasers
  • Reader Spy: SRT-prepped Dodge Journey R/T
  • 2011 BMW Z4 sDrive35is
  • Ferrari P540 Superfast Aperta
  • 2010 Dodge Viper ACR-X
  • First Drive: 2010 Lexus GX460
  • Hennessey Performance Venom GT in the shop
  • 2011 Honda CR-Z Brochure
  • Danica Patrick NASCAR
  • Tiger Woods GM-owned Cadillac Escalade
AOL Autos

Find Your Next Car

Resources

10 Most Searched Cars on AOL Autos

Autoblog Video

Autoblog Green

BloggingStocks

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum