Latest from David Barkholz
The Detroit 3 entered labor negotiations with the UAW this year determined to rein in soaring health care tabs. The union seemed to oblige early on, proposing an innovative health care cooperative. But any promise of meaningful reform has been thrown out the window.
UAW-represented workers at Fiat Chrysler Automobiles approved a new four-year agreement with the carmaker after negotiators revised a rejected, earlier deal that failed to provide a pathway for entry-level Tier 2 workers to achieve full pay. The final count was 77 percent in favor, the union said in a statement today following two days of voting.
A New York City dealership group is suing Autotrader in federal court for at least $1.5 million, alleging the online vehicle-shopping site double-counted the number of shoppers viewing its car listings over five years and hid the issue to retain the subscription.
AutoNation CEO Mike Jackson says he's starting to see consistent payoff from the $200 million bet the company placed on using its own website to sell cars online rather than third-party shopping sites.
A byproduct of the rich new deal that UAW workers demanded of Fiat Chrysler Automobiles -- and their own leaders -- is that the UAW finally has something worthwhile to sell to employees at nonunion U.S. transplants.
Facing a costly possible strike, Fiat Chrysler agreed to a revised new contract with the UAW that includes a path to nearly full pay for Tier 2 workers. The company can live with the new pact in part because the additional costs above the previous deal don't kick in for five years.
The FCA boss got the UAW to go along with his reset of the prevailing industry wage. But the FCA rank-and-file saw that losing proposition from a mile away
Cox Automotive President Sandy Schwartz has heard dealers fret that, following Cox's $4 billion purchase of Dealertrack Technologies, the new entity will start jacking up prices. Don't worry, he says.
A UAW strike of Fiat Chrysler could cost the Detroit automaker close to $1 billion a week in lost revenue and would quickly lead to a shortage of several hot-selling vehicles.
Cox President Sandy Schwartz and Dealertrack CEO Mark O'Neil will be going on the road together over the next two weeks to meet with auto retailers to explain their $4 billion combination. The acquisition closed today.
