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UAW will eventually sell Chrysler stock to keep VEBA going
Big surprise, the United Auto Workers union does not intend to be majority owner of the New New Chrysler for very long. Outgoing UAW president Ron Gettelfinger confirmed in a press conference yesterday that the union's Voluntary Employee Beneficiary Association (VEBA) will likely sell part or all of its 55% stake in the newly formed automaker once its stock appreciates, that is, if its stock appreciates. And why would the UAW want to keep its shares? Despite owning a majority of the company, the UAW's shares are nonvoting and they may only get ... Read more →
UAW points blame for bailout failure back at Senate Republicans John Neff
Earlier this morning, United Auto Workers president Ron Gettelfinger held a press conference in which he pointed the finger of blame back at Senate Republicans, particularly ones from Southern states ...
UAW considers dropping "job bank" for idled workers Jeremy Korzeniewski
As you read this, there are about 3,000 unionized workers -- down from about 15,000 two years ago -- employed by the Detroit 3 getting paid, despite the fact that they aren't working. While it's nice ...
UAW head says that unions aren't to blame for Detroit's problems Dan Roth
Ron Gettelfinger's basically saying "it's not our fault" when discussing the state of Detroit's automakers. Rather than admit that the UAW's plum labor agreements and contentious negotiations have ...
Surprise: UAW would be against merger Jeremy Korzeniewski
In an announcement that should be anything but shocking to anyone who even remotely follows the auto industry, United Auto Workers head Ron Gettelfinger says he and the UAW would be against any merger ...
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UAW pres expects 15,000 workers to take GM buyout 1 year ago on Autoblog
Once you have cut everyone, who is left to cut? That's the problem facing GM, according to UAW President Ron Gettelfinger. The General has already harvested the low hanging fruit with previous buyouts, but they're embarking on another round to try and further reduce labor costs. We've already ...
UAW Chief Ron Gettelfinger named Person of the Year 1 year ago on Autoblog
Rick Wagoner may be Motor Trend's most powerful person of the year, but Ron Gettelfinger deserves significant props for what he achieved over the course of the last 365 days. Automotive News has named the president of the UAW its Person of the Year, which is a fitting choice considering that ...
UAW head says Chrysler needs concessions from union 2 years ago on Autoblog
Two years ago, the UAW gave some health care concessions to struggling GM and Ford in an effort to help the Detroit giants save billions of dollars and stay afloat. At the time, Chrysler was relatively well-off and so the union rejected a similar package for them. UAW President Ron Gettelfinger says ...
April showers could bring May sale of Chrysler 2 years ago on Autoblog
Last week we told you that DaimlerChrysler's Rüdiger Grube was heading to New York to visit with potential suitors for the Chrysler Group. And it appears he was a man on a mission. It seems that a close source has told news outlets that a sale could be wrapped up by as early as May. Although ...
UAW says union fever rising at Toyota's Kentucky plant 2 years ago on Autoblog
Call it a case of "He said, he said." A Toyota spokesman says the Japanese automaker doesn't see an interest in unionizing among workers at its production facility in Kentucky, while UAW spokespeople say workers are showing more interest than ever in forming a union. So which is it? Could be a bit ...
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 ...
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 ...
Unions against GM-Renault Alliance 3 years ago on Autoblog
If there is anything the Rick Wagoner has learned during his time at GM, it's that you never piss off the unions. That morsel of knowledge might be something that Carlos Ghosn has to consider now that the United Auto Workers (UAW) has come out in opposition of a possible merger of General Motors and ...
New UAW president to step into DaimlerChrysler position as well 3 years ago on Autoblog
Ron Gettelfinger, who was reelected to no one's surprise as president of the United Auto Workers (UAW) last month, will also be joining the DaimlerChrysler supervisory board as well. Gettelfinger is replacing UAW Vice President Nate Gooden who is stepping down from the board. In Germany, such boards ...
UAW president Ron Gettelfinger reelected 3 years ago on Autoblog
Nobody saw this one coming... Ron Gettelfinger, ran unopposed and was reelected as the president of the United Auto Workers (UAW) at its 34th Constitutional Convention in Las Vegas. Alongside him on the slate were five vice presidents, three of which are expected to be named as ...
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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