Sergio Marchionne sees cooperation with the UAW as a key to a future merger with General Motors. In the deal, Marchionne could potentially take advantage of the 8.7 percent of GM stock that's owned by the union's health care trust.
The June auto market slump in China could continue through the next few months. Some analysts are worried that the shift could damage the financials of GM and Ford, according to an interesting article from The Detroit News.
The plant that produces GM's full-size SUVs in Arlington, TX, is set to receive $1.4 billion, representing the largest allocation out of the $5.4 billion the company has earmarked towards upgrading its facilities.
Porsche sits at the top of the J.D. Power Initial Quality Survey for the third consecutive year. However, the big improvement comes from the Korean brands, especially Kia. The average number of reported problems is also down compared to 2014.
NHTSA is considering whether to conduct a deeper investigation after a fatal rollover accident in a 2010 Chevrolet Tahoe. In the incident, the SUV's rollover side curtain airbag deployed, but some passengers in the second and third row were still ejected.
Billionaire auto industry investor Kirk Kerkorian died on Monday, June 15, at the age of 98 in Los Angeles. At various times, he was a major shareholder in GM and Ford, and Kerkorian attempted to buy Chrysler twice.
General Motors is announcing further cuts in production of the Chevy Sonic and Buick Verano at the Orion Assembly plant. Sales of both vehicles are down through May 2015. The plant is also laying off about 100 workers in phases starting in July.