More in Management & Strategy

  • Newswire

    UAW Debating Plan to Fight Automakers' 2-Tier Wages  

    UAW leaders are calling for "bridging the gap" between the two wage levels paid to Detroit Three hourly workers, but some delegates to the union's bargaining convention want the pay gap eliminated....More
  • Newswire

    Rupiah Down, Japan's Interest in Indonesia Production Up  

    With the weakening rupiah depressing imports, Japanese automakers instead are investing in local production in what has become Southeast Asia's biggest car market....More
  • Newswire

    UPDATE 1-GM, Ford to ask UAW for new lower-pay tier in U.S. -Bloomberg  

    (Adds comment from GM) March 23 (Reuters) - U.S. automakers General Motors Co and Ford Motor Co are considering asking the United Auto Workers union to create a new tier of lower-paid union workers in their U.S. factories, Bloomberg reported citing people familiar with the matter. The UAW currently has a two-tier wage system, that includes top-paid $28-an-hour assembly workers and the lower-paid second tier, whose wages top out at $19.28....More
  • Newswire

    PSA Says Economic Recovery Brings Profit Goal Closer  

    The French automaker's chief financial officer says a weak euro and falling raw-materials costs could help the company reach its 2018 goal of a 2% profitability margin ahead of schedule....More
  • Newswire

    Chinese Media Exposé Prompts JLR Recall of Land Rover SUVs  

    The recall of 36,451 Evoque SUVs from the 2014 and 2015 model years follows a request by a Chinese government watchdog agency and local media reports the luxury automaker used defective gearboxes....More
  • Newswire

    Russia Approves Subsidies for Automakers  

    The government is providing RR10 billion to support automakers suffering from a prolonged sales slump and higher production costs stemming from the weakening ruble....More
  • Newswire

    Toyota Latest Japanese Company to Raise Worker Pay  

    The automaker's monthly base-pay raise of ¥4,000 per worker is short of union demands for ¥6,000, but it exceeds last year's ¥2,700 boost and is its largest in more than a decade....More
  • Newswire

    Hyundai Exec Says Automaker May Build Pickups  

    Park Byung-cheol, a director in the R&D division, says Hyundai's interest in building pickup trucks was piqued by the "good response" to its Santa Cruz CUV concept at January's North American International Auto Show in Detroit....More
  • Newswire

    Visteon CEO Leuliette Stepping Down  

    The 65-year-old Leuliette has overseen the supplier's restructuring into specializing in automotive electronics....More
  • Newswire

    Volkswagen's Skoda Unit Posts Record Profits in 2014  

    The Czech Republic's largest manufacturer says last year's €665 million profit was 46% above the prior year and was driven by its first-ever full year of exceeding 1 million sales....More
  • Newswire

    Supplier Valeo's CEO Says Acquisitions on Table  

    Jacques Aschenbroich says Valeo is growing its capabilities in areas such as hybrid technology and connected cars, and wants to pursue an "active role in potential consolidation" with other suppliers....More

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