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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 →

Could gravel roads cause lung cancer? North Dakota scientists think it might... Jonathon Ramsey

According to the Associated Press, certain gravel roads in western North Dakota use erionite, a mineral that is mined in the Killdeer mountains. Erionite forms wool-like fribrous masses among rock ...

UAW to take on automaker healthcare burden? Jonathon Ramsey

As many of you know (and have commented prolifically on), the Big 3 carry an enormous burden that import competitors like Honda and Toyota don't: unionized retiree health care costs. GM, for example, ...

UAW reportedly agrees to 17.5% stake in GM 6 months ago on Autoblog

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 ...

Could gravel roads cause lung cancer? North Dakota scientists think it might... 8 months ago on Autoblog

According to the Associated Press, certain gravel roads in western North Dakota use erionite, a mineral that is mined in the Killdeer mountains. Erionite forms wool-like fribrous masses among rock formations and has properties similar to asbestos. Scientists suspect that, like asbestos, erionite ...

UAW to take on automaker healthcare burden? 2 years ago on Autoblog

As many of you know (and have commented prolifically on), the Big 3 carry an enormous burden that import competitors like Honda and Toyota don't: unionized retiree health care costs. GM, for example, had $81 billion in salaried and hourly retiree health care obligations at the end of 2005. Chrysler ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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