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By Drew Dowdell
The United Auto Workers membership has ratified the new four-year agreement with FCA. The agreement covers 47,000 employees at FCA's manufacturing facilities and parts distribution centers. FCA will expand manufacturing in the US including a new assembly line in Detroit that will produce two new Jeep models as well as the next generation Jeep Grand Cherokee as well a some electrified models.
The four year contract includes:
Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissolution of the jointly-run National Training Center, the focal point of a federal corruption investigation. An increase in profit sharing from $800 per percent of N.A. profit margin to $900 per percent. "In-progression" employees will now get the same healthcare as senior hourly employees.
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By Drew Dowdell
The United Auto Workers membership has ratified the new four-year agreement with FCA. The agreement covers 47,000 employees at FCA's manufacturing facilities and parts distribution centers. FCA will expand manufacturing in the US including a new assembly line in Detroit that will produce two new Jeep models as well as the next generation Jeep Grand Cherokee as well a some electrified models.
The four year contract includes:
Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissolution of the jointly-run National Training Center, the focal point of a federal corruption investigation. An increase in profit sharing from $800 per percent of N.A. profit margin to $900 per percent. "In-progression" employees will now get the same healthcare as senior hourly employees. -
By Drew Dowdell
General Motors and LG Chem are joining forces to invest $2.3 billion in a new battery plant near its old Lordstown Assembly complex in Lordstown, Ohio. The deal is a 50/50 partnership between GM and LG Chem and will create 1,100 jobs in the area.
Construction of the plant will begin mid-2020 at a greenfield former manufacturing site. The employees will work for the joint-venture and will not be direct GM employees. Initially, the plant will solely supply batteries for GM vehicles, though with a maximum capacity of 30 gigawatt-hours annually, the company could expand to supply other manufacturers as well.
GM and LG Chem are forming this joint venture in an attempt to bring down the unit cost of batteries for future vehicles. The plant's capacity, once completed, will be among the largest in the world.
General Motors has said it wants to introduce 20 electric vehicles globally by 2023.
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By Drew Dowdell
General Motors and LG Chem are joining forces to invest $2.3 billion in a new battery plant near its old Lordstown Assembly complex in Lordstown, Ohio. The deal is a 50/50 partnership between GM and LG Chem and will create 1,100 jobs in the area.
Construction of the plant will begin mid-2020 at a greenfield former manufacturing site. The employees will work for the joint-venture and will not be direct GM employees. Initially, the plant will solely supply batteries for GM vehicles, though with a maximum capacity of 30 gigawatt-hours annually, the company could expand to supply other manufacturers as well.
GM and LG Chem are forming this joint venture in an attempt to bring down the unit cost of batteries for future vehicles. The plant's capacity, once completed, will be among the largest in the world.
General Motors has said it wants to introduce 20 electric vehicles globally by 2023.
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By Drew Dowdell
Details emerged Wednesday of the labor agreement between the United Auto Workers and Fiat Chrysler Automobiles. The overall contract is similar to the one agreed to by Ford last month.
The four year contract includes:
Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissolution of the jointly-run National Training Center, the focal point of a federal corruption investigation. An increase in profit sharing from $800 per percent of N.A. profit margin to $900 per percent. "In-progression" employees will now get the same healthcare as senior hourly employees. FCA will also offer $60,000 retirement packages to eligable workers in Belvidere Assembly, Marysville Axle, Mount Elliot, and a parts-distribution center in Wisconsin. UAW leaders from the various plants are meeting in Detroit to review the deal and decide whether to send it to the rank-and-file membership as a whole for ratification. If approved for voting, it will likely start on Friday and take a week to complete.
FCA is the final of the domestic auto manufacturers to complete their deal with the UAW.
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Recent Status Updates
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Wheels for the week: 2020 Toyota Corolla XLE. We'll be taking this one on a trip to Virginia and testing out how close to the 37mpg highway rating we'll get. It's equipped with Toyota Safety Sense which means I'll have radar cruise control for the trip (Yay!). The shocking part is the price: $28,084 for a Corolla that doesn't even have the biggest engine. But it's got heated seats, so that will keep Albert Maisto happy.· 0 replies
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And the new #Cadillac #Escalade leaks out looking exactly as you would expect it would.· 0 replies
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