Buzz Hargrove isn't mincing words about his opinion of Chrysler LLC's strategy. Calling the decision to send the Magnum and Pacifica models out to pasture and cut shifts and jobs at the Brampton, Ontario plant "stupid," Hargrove has said the Canadian Auto Workers aren't interested in the type of concessions the UAW recently agreed to. While the UAW is allowing new hires to be given a lower pay level, as well as taking on a health care trust fund, the CAW will be having none of that, according to
History, they say, has a habit of repeating itself. That's certainly the way things have been looking in recent years as some of the greatest racing names in motorsport history have been making a comeback. But instead of the legends squeezing their aging selves into new racing equipment like so many sardines, it's the younger generation that's been hitting the scene lately.
It's that time of the year again, as the Formula One season winds to a close and drivers line up for new contracts. After Ralf Schumacher's departure from the over-funded but under-achieving Toyota F1 team, Felipe Massa was rumored to be heading over while Fernando Alonso assumed his seat at Ferrari. With Noah Joseph
Delphi had given the UAW two different proposals, neither of which the UAW felt it could take to its membership. The UAW's counterproposal on wages and benefits was only ten pages long, but is so complicated that it will take a while yet for Delphi to really sort out what it really means. Coming to an agreement with the UAW is essential for Delphi to emerge from bankruptcy as a recapitalized company. However, the UAW knows that if it gives any more concessions to Delphi, the big three automak
It's a sad state of affairs when the pure talent of a racing driver isn't enough to advance his career. In the case of Sebastien Bourdais, the top teams on the F1 grid have apparently been blind to his domination in Champ Cars, as our favorite Frenchman (okay, second favorite, after Talladega Nights arch-villain Jean Girard) looks like he's headed for his fourth consecutive title in the open-wheel series.
No, we're not confused - Subaru's parent company, Fuji Heavy Industries, and Toyota cooked up a deal in 2006 that creates more production capacity for the Camry by having Subaru of Indiana Automotive begin building the country's best selling car. The deal was one of the first fruits born from Toyota's decision to snatch up the 8.7% stake in Subaru that GM dropped back in 2005.
We just can't seem to get enough of Jacques Villeneuve's impending switch to NASCAR. Maybe it's the converging of the two worlds of motorsports, the tragic failure of a one-time king, his heroic stature in this writer's home town, the legendary association of the name.... The latest news on JV's deal with Roush Racing comes from the Globe & Mail, one of Canada's largest national newspapers.
Hourly workers at two Tower Automotive plants have voted to accept pay cuts that will ensure their plants remain open as the supplier struggles to emerge from bankruptcy. Tower had asked a judge for the power to cancel union contracts and cut workers as it saw fit, but the acceptance of wage reductions at these two plants have prompted the company
The Garden Street Garage in Hoboken, NJ is one of them new-fangled parking garages that eschews the inefficiencies of gates and ramps in favor of a robotic store-and-retrieval system. These facilities are wonders to behold in person and usually loved by their patrons, except when someone turns it off with their cars trapped inside.
Though the proceedings in which Delphi is arguing for the right to terminate the contracts of over 33,000 workers is scheduled over a three-day period this week (Tuesday, Wednesday and tomorrow), it is much more likely the case will drag on for weeks because of the 34-person long witness list. The Detroit News reports that on the first day only the trial only made it through two witnesses and wasn't even done with the second as the day came to an end.
George Reisman, professor of Economics at Pepperdine University and author of the book Capitalism: A Treatise on Economics, attempts to answer the question of where would General Motors* be today without the United Auto Workers. Some of his ten conclusions include: