The UAW pushed back the deadline for its proposed contract with GM until Nov. 20 to work out an agreement for skilled trades workers. Ford employees continue to vote on their deal, but it looks likely to pass.
Ford and the UAW have a tentative agreement that could go to union members for a vote soon. The proposed contract reportedly includes $9 billion in new US investments from the Blue Oval. The union also continues to finish its deal with GM.
The newly proposed contract between the UAW and FCA would give wage parity between first- and second-tier workers after eight years of employment. Gone from the proposed contract is a health-care cooperative between employees of all three major American automakers.
The Big Three and UAW are negotiating on a way to reduce ballooning healthcare costs by possibly creating a pool among the active workers at Ford, GM, and FCA US. UAW President Dennis Williams came up with the idea.
Ford may bring the Ranger back to the US, the UK goes nuts over the Mustang, and the battle of hybrids heats up with spy shots of the Prius and a new Hyundai. Autoblog's senior editor Greg Migliore reports on the weekly recap edition of Autoblog Minute.
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.
A study of labor costs among foreign automakers in the US shows a ten-dollar gap between the per-hour rates of the domestics and the imports. The difference between the Detroit 3 and their import competition equates to $250 more in labor costs per car for the domestics.
The UAW is preparing its negotiation position with carmakers later this year. Its primary objective will be the elimination of the two-tier wage system created in 2007 to help the automakers through bankruptcy, but that position "is a non-starter" for the car companies.