retirement

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. While specifics are not yet being divulged, the Blue Oval says that it has agreed to make up to half ...

Over the past two decades, John Heinricy has probably done more to enhance the performance image of General Motors than any other single individual. From the perspective of a petrol-head, Heinricy has for many years held what is probably the ...

Over the last three decades, there's been a common thread making Mercedes designs instantly recognizable and a lot of credit for that belongs to MBZ design boss Peter Pfeiffer. After forty years at Mercedes-Benz, and thirty years overseeing design, Pfeiffer is headed for retirement within the next ...

GM is making better, more attractive vehicles, yet after losing nearly $40 billion in 2007 (most of which was an accounting adjustment, mind you), the Detroit automaker still has a lot of work to do to become profitable again here in the States. Even though GM shed 34,000 jobs in 2006, the company ...

Talk about airing your family's dirty laundry in public. Michael Schumacher has made a public statement to his kid brother Ralf, urging him to consider taking a sabbatical from F1. The news comes hot on the heels of a less-than-spectacular test Ralf undertook for Force India, the team formerly ...

Back in late February we reported on Chrysler's early retirement and separation program that the automaker hoped would help it shed 13,000 jobs over the next three years. The company was planning on saying goodbye to about 5,700 hourly (read: union) workers this year, of which around 1,000 would be ...

Steve Saleen has announced his official retirement from Saleen, Inc., the company he founded 23 years ago that has grown into one of the best specialty vehicle manufacturers in the world. Apparently Steve is happy with the team he's assembled to manage the business in his place, and will be ...

This afternoon the Chrysler Group and the UAW released a statement revealing details of the early retirement and separation programs that will help the automaker reach its goal of shedding 13,000 jobs. Two-thousand jobs being eliminated are salaried positions, and we brought you details on those ...

This afternoon Chrysler revealed more details on one part of its plan to extensively reduce its workforce by 13,000 workers between now and 2009. The details today concern the 2,000 salaried workers that will be leaving the company. Chrysler hopes it can entice at least 1,000 of those salaried ...

The motorsport press rumor mill is grinding away at full speed on a juicy bit of gossip and speculation that Michael Schumacher is being groomed to take over as head of Scuderia Ferrari. After his retirement, Schumacher took on a role as a special advisor to Ferrari chief Jean Todt. It was supposed ...