LaborCosts


REPORT: Fiat's Marchionne says Chrysler deal odds are 50-50; warns unions to cut costs

With the clock ticking down on Chrysler's restructuring deadline from the Obama administration, Fiat's CEO, Sergio Marchionne is getting blunt: Cut costs, or else. According to Reuters, unless the United Auto Workers and Canadian Auto Workers agree to cut labor costs within the two weeks leading up to the April 30 deadline, Fiat will pull out from its planned stake in Chrysler, all but assuring bankruptcy for the Auburn Hills automaker. In fact, in an interview with Canada's Globe and Mail, Marchionne estimated that the chances for a deal are ... Read more →

Rally 'round the family: Ford backs up Chrysler's "weak" assessment of new CAW contract Jonathon Ramsey

GM just ratified an agreement with the Canadian Auto Workers union, and as soon as it did, Chrysler blasted it for being "weak." Chrysler's complaint was that the CAW didn't offer enough concessions ...

Toyota worried about labor costs in U.S. Frank Filipponio

Here's something you might have seen coming. We've talked about how labor costs have been one of the major factors cited as keeping the domestic automakers behind the 8-ball regarding profitability ...

The other shovel that helped dig the domestics' hole Frank Filipponio

So how exactly can a company with the heritage and scope of Ford Motor Company manage to lose $12.7 billion in one year? Or, for that matter, how could GM lose $10.6 billion last year? All while ...

REPORT: Fiat's Marchionne says Chrysler deal odds are 50-50; warns unions to cut costs 7 months ago on Autoblog

With the clock ticking down on Chrysler's restructuring deadline from the Obama administration, Fiat's CEO, Sergio Marchionne is getting blunt: Cut costs, or else. According to Reuters, unless the United Auto Workers and Canadian Auto Workers agree to cut labor costs within the two weeks leading up ...

Rally 'round the family: Ford backs up Chrysler's "weak" assessment of new CAW contract 8 months ago on Autoblog

GM just ratified an agreement with the Canadian Auto Workers union, and as soon as it did, Chrysler blasted it for being "weak." Chrysler's complaint was that the CAW didn't offer enough concessions to bring production costs into line with market realities. Now Ford has piped up in Chrysler's ...

Toyota worried about labor costs in U.S. 2 years ago on Autoblog

Here's something you might have seen coming. We've talked about how labor costs have been one of the major factors cited as keeping the domestic automakers behind the 8-ball regarding profitability compared to Japanese competitors. Sure, there's more to it than that, but the fact remains that labor ...

The other shovel that helped dig the domestics' hole 2 years ago on Autoblog

So how exactly can a company with the heritage and scope of Ford Motor Company manage to lose $12.7 billion in one year? Or, for that matter, how could GM lose $10.6 billion last year? All while Toyota continues to soldier on, racking up profits and closing in on number one. Well, it's more involved ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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