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GM, Chrysler Idle as Union Talks Threaten Recovery Plans

hypocritexposer

Well-known member
WASHINGTON -- General Motors and Chrysler have found themselves stuck in neutral in negotiations with the United Auto Workers union.

With just two days before two of the Big Three automakers return to Washington, D.C., to offer a restructuring plan and ask for more cash from the federal government, concession talks are set to resume with the labor group, which is on a crash course with the automakers over who has to sacrifice for the companies to stay afloat.

Talks in Detroit with GM broke off Friday night over the issue of health care for retirees. UAW negotiators walked out in a dispute over swapping stock for cash payments into a union-run trust fund that will take over retiree health care costs starting next year.

On Sunday, a source close to the negotiations said talks with General Motors and the UAW will resume in the afternoon. Chrysler's talks were moving very slowly, and the UAW shifted its efforts to Ford Motor Co., the healthiest of the Detroit Three and the only one not receiving government loans.

http://www.foxnews.com/politics/first100days/2009/02/15/axelrod-auto-industry-needs-major-overhaul/
 

Cal

Well-known member
I read where GM will spend a billion of US bailout dollars to retool and restructure in South America. It's looking like a lost cause in the US, with the UAW, and all the rules and regs.
 
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