UAW Taps Blanchard for Chrysler Board
The United Auto Workers has tapped an old ally, former Cong. and Gov. Jim Blanchard, as its representative on the reorganized Chrysler's board.
View ArticleBillions in UAW Liabilities off Ford Balance Sheet
Deal has $9.5 billion in debt, warrants for 362 million shares of common, and sends more than $4 billion in cash to VEBA.
View ArticleUAW To Get Big Chunk of New GM Stock
The UAW has gotten permission to fund its retiree health care program with GM stock...which will make it perhaps the largest shareholder in the company after the government's 61% stake is sold off.
View ArticleFiat Discussing Plans To Buy Chrysler
The timing of Fiat's purchase of the remaining 41.5% stake in Chrysler – currently held by United Auto Workers VEBA trust – is moving towards resolution, but the timing remains a topic of conversation....
View ArticleChrysler IPO Not Happening until 2014
Investors looking to buy shares of Chrysler stock as part of an IPO this year are going to have to rethink their investment strategy, as the company won’t be conducting that offering until next year....
View ArticleFiat and UAW Agree to Complete Chrysler Acquisition
After months of speculation, Fiat SpA and the UAW have reached an unexpected New Year's Day deal for the automaker to buy the union’s remaining stake in once-bankrupt Chrysler Group for more than $4...
View ArticleMany Questions Raised by Fiat-Chrysler Deal – Such as Where Maker Will Be...
Where will the merged Fiat-Chrysler finally call home? The headquarters issue is just one of many questions raised by the New Year's Day deal. Investors are applauding the settlement between Fiat,...
View ArticleContentious Vote Gives UAW Dues Hike
The United Auto Workers approved a dues increase for 391,000 members, but the contentious two-and-a-half-hour debate during the union's convention underscored the dissatisfaction with the two-tier pay...
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