Jump to content

Search the Community

Showing results for tags 'deal'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • News and Views
    • Staff Reviews
    • Reader Reviews
    • Auto Show Coverage
    • Sales Figure Ticker
    • Editorials
    • Competitions
    • Industry News
    • Motorsports
  • Brand Discussion
    • Aston Martin
    • BMW Group
    • Daimler AG
    • Fiat-Chrysler Automobiles
    • Karma
    • Ferrari
    • Fisker
    • Ford Motor Company
    • General Motors
    • Honda Motor Company
    • Hyundai Motor Group
    • Jaguar-Land Rover
    • Lotus
    • Mazda
    • McLaren Automotive
    • Nissan-Renault Alliance
    • Peugeot
    • Rivian
    • SAAB / NEVS
    • Subaru
    • Suzuki
    • Tesla
    • Toyota Motor Corporation
    • Chinese Automakers
    • Volkswagen Automotive Group
    • Volvo
    • The British
    • The Italians
    • The French
  • Heritage Marques
  • Forum Information
  • Social Central
  • Tech Corner
  • Design Studio
  • Cadillac Appreciation Club's Cadillac Discussion
  • European Car Lovers's Topics

Categories

  • Auto Shows
    • Detroit Auto Show
    • Consumer Electronics Show (CES)
    • Chicago Auto Show
    • New York Auto Show
    • Geneva Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Paris Motor Show
    • Frankfurt International Motor Show
    • Los Angeles Auto Show
    • SEMA
    • Tokyo Motor Show
  • Opinion
  • News
    • Acura
    • Alfa Romeo
    • Alternative Fuels
    • Aston Martin
    • Audi
    • Automotive Industry
    • Bentley
    • BMW
    • Buick
    • Cadillac
    • Chevrolet
    • Chrysler
    • Dodge
    • Ducati
    • Ferrari
    • Fiat
    • Fisker
    • Ford
    • Genesis
    • GM News
    • GMC
    • Holden
    • Honda
    • Hyundai
    • Infiniti
    • Jaguar
    • Jeep
    • Karma
    • Kia
    • Lamborghini
    • Land Rover
    • Lexus
    • Lincoln
    • Lotus
    • Maserati
    • Mazda
    • McLaren
    • Mercedes Benz
    • MINI
    • Mitsubishi
    • Nissan
    • Opel/Vauxhall
    • Peugeot
    • Polestar
    • Porsche
    • Ram Trucks
    • Rivian
    • Rolls-Royce
    • Saab / NEVS
    • Sales Figures
    • Scion
    • SMART
    • Subaru
    • Tesla
    • Toyota
    • Volkswagen
    • Volvo
    • Zotye
  • Reviews
  • Deal Alert

Categories

  • Tires and Wheel Specials
  • Automotive Maintenance Specials

Product Groups

  • Converted Subscriptions
  • Advertising
  • Hosting

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


GooglePlus


Skype


Location


Interests

Found 32 results

  1. The Dodge Viper's future is uncertain after 2017. Allpar got their hands on the proposed UAW contract for FCA and looked at the production changes. According to the contact, the current Viper will end production in 2017 and leave the Conner Avenue assembly plant in Detroit without a vehicle to take its place. The current Viper has been languishing since its introduction in 2013 due to a combination of a high pricetag and competitors stepping up. Through September, Dodge only moved 503 Vipers, a decrease of 7.9 percent when compared to the year before. Source: Allpar
  2. The United Auto Workers has announced today in a statement that 65 percent of members at Fiat Chrysler Automobiles has rejected the proposed contract that was reached by the two parties last month. “As I said at the press conference: ‘What I love about our organization most of all is that no matter what we do, what action we take, the ultimate decision and the power of the union is our members and they make the final decision,’” said UAW President Dennis Williams. “That is the design of our constitution and who we are ... We don’t consider this a setback; we consider the membership vote a part of the process we respect.” The UAW will be meeting with national bargaining committee and FCA council to discuss the issues that caused the rejection and figure out the next move. There are three options on the table that the UAW can choose from: go back to the negotiation table with FCA, move on to Ford and GM, or issue a strike. FCA said in a statement it was disappointed in the result in the vote. Source: Automotive News (Subscription Required), The Detroit News, United Auto Workers, Fiat Chrysler Automobiles Press Release is on Page 2 “As I said at the press conference: “What I love about our organization most of all is that no matter what we do, what action we take, the ultimate decision and the power of the union is our members and they make the final decision.” That is the design of our constitution and who we are. We will gather the issues together; notify FCA that further discussions are needed. We don’t consider this a setback; we consider the membership vote a part of the process we respect. We will be meeting with the UAW-FCA National bargaining committee and council to discuss the issues.” Statement Regarding UAW Ratification Vote FCA US is disappointed that UAW members voted not to ratify the tentative agreement. The bargaining teams on both sides worked hard, for many days and nights, to craft a transformational agreement that would adequately reward the commitment of our workforce while ensuring the Company’s continued success and competitiveness. Striking the right balance in these two objectives has been the most difficult thing to accomplish in these negotiations, but after many hours of dialogue and debate between the UAW and FCA US leadership, the Company felt that a just and equitable compromise had been reached. The memories of our near-death experience in 2009 are vivid to this day in the minds of most of us at FCA. A large number of new employees have been brought into the Group since then who, thankfully, did not have to endure the pain and sacrifices that were required of the workforce then. But it is that knowledge and those memories that continuously reinforce the FCA leadership’s resolve to never let those events repeat. While significant progress has been made since the events of less than seven years ago, much more work remains to be done and challenges remain while new, significant ones surface. The cyclical nature of the automotive business demands that while we must recognize the need for rewarding employees during times of prosperity, we must also protect against the inevitable market downturn. This agreement accomplished both of these objectives. The tentative agreement was designed to yield a strong and competitive FCA US, thus providing stability for our workforce and opportunity for future growth and investment in an increasingly complex global marketplace. The Company will make decisions, as always, based on achieving our industrial objectives, and looks forward to continuing a dialogue with the UAW. View full article
  3. The United Auto Workers has announced today in a statement that 65 percent of members at Fiat Chrysler Automobiles has rejected the proposed contract that was reached by the two parties last month. “As I said at the press conference: ‘What I love about our organization most of all is that no matter what we do, what action we take, the ultimate decision and the power of the union is our members and they make the final decision,’” said UAW President Dennis Williams. “That is the design of our constitution and who we are ... We don’t consider this a setback; we consider the membership vote a part of the process we respect.” The UAW will be meeting with national bargaining committee and FCA council to discuss the issues that caused the rejection and figure out the next move. There are three options on the table that the UAW can choose from: go back to the negotiation table with FCA, move on to Ford and GM, or issue a strike. FCA said in a statement it was disappointed in the result in the vote. Source: Automotive News (Subscription Required), The Detroit News, United Auto Workers, Fiat Chrysler Automobiles Press Release is on Page 2 “As I said at the press conference: “What I love about our organization most of all is that no matter what we do, what action we take, the ultimate decision and the power of the union is our members and they make the final decision.” That is the design of our constitution and who we are. We will gather the issues together; notify FCA that further discussions are needed. We don’t consider this a setback; we consider the membership vote a part of the process we respect. We will be meeting with the UAW-FCA National bargaining committee and council to discuss the issues.” Statement Regarding UAW Ratification Vote FCA US is disappointed that UAW members voted not to ratify the tentative agreement. The bargaining teams on both sides worked hard, for many days and nights, to craft a transformational agreement that would adequately reward the commitment of our workforce while ensuring the Company’s continued success and competitiveness. Striking the right balance in these two objectives has been the most difficult thing to accomplish in these negotiations, but after many hours of dialogue and debate between the UAW and FCA US leadership, the Company felt that a just and equitable compromise had been reached. The memories of our near-death experience in 2009 are vivid to this day in the minds of most of us at FCA. A large number of new employees have been brought into the Group since then who, thankfully, did not have to endure the pain and sacrifices that were required of the workforce then. But it is that knowledge and those memories that continuously reinforce the FCA leadership’s resolve to never let those events repeat. While significant progress has been made since the events of less than seven years ago, much more work remains to be done and challenges remain while new, significant ones surface. The cyclical nature of the automotive business demands that while we must recognize the need for rewarding employees during times of prosperity, we must also protect against the inevitable market downturn. This agreement accomplished both of these objectives. The tentative agreement was designed to yield a strong and competitive FCA US, thus providing stability for our workforce and opportunity for future growth and investment in an increasingly complex global marketplace. The Company will make decisions, as always, based on achieving our industrial objectives, and looks forward to continuing a dialogue with the UAW.
  4. Both the U.S. Justice Department and the U.S. House Energy and Commerce Committee announced this week they would start investigations into General Motors' ignition switch recall. The recall which affects 1.62 million vehicles worldwide has been linked to 31 crashes and 13 deaths. The Detroit News reports that the U.S. Attorney’s Office in New York is heading up the Justice Department's investigation. This is the office that has been investigating Toyota's unattended acceleration recall since 2010 to determine whether or not the company misled Government officials over claims of sudden acceleration. According to two people familiar with the matter, the office's office’s criminal division deputy chief has reached out to lawyers to gather information for a possible subpoena to GM. This is a possible sign to a preliminary investigation. When asked for comment, the U.S. Attorney’s Office and GM declined. The other investigation is coming from the U.S. House Energy and Commerce Committee who is looking into why General Motors failed to act quickly on this problem. “Significant questions need to be answered. Did the company or regulators miss something that could have flagged these problems sooner? If the answer is yes, we must learn how and why this happened, and then determine whether this system of reporting and analyzing complaints that Congress created to save lives is being implemented and working as the law intended,” said U.S. Representative Fred Upton, R-Michigan, chairman of the Committee. The committee is also looking into why National Highway Traffic Safety Administration (NHTSA) ignored complaints over GM vehicles turning off via the faulty ignition switch. Source: The Detroit News, Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  5. Both the U.S. Justice Department and the U.S. House Energy and Commerce Committee announced this week they would start investigations into General Motors' ignition switch recall. The recall which affects 1.62 million vehicles worldwide has been linked to 31 crashes and 13 deaths. The Detroit News reports that the U.S. Attorney’s Office in New York is heading up the Justice Department's investigation. This is the office that has been investigating Toyota's unattended acceleration recall since 2010 to determine whether or not the company misled Government officials over claims of sudden acceleration. According to two people familiar with the matter, the office's office’s criminal division deputy chief has reached out to lawyers to gather information for a possible subpoena to GM. This is a possible sign to a preliminary investigation. When asked for comment, the U.S. Attorney’s Office and GM declined. The other investigation is coming from the U.S. House Energy and Commerce Committee who is looking into why General Motors failed to act quickly on this problem. “Significant questions need to be answered. Did the company or regulators miss something that could have flagged these problems sooner? If the answer is yes, we must learn how and why this happened, and then determine whether this system of reporting and analyzing complaints that Congress created to save lives is being implemented and working as the law intended,” said U.S. Representative Fred Upton, R-Michigan, chairman of the Committee. The committee is also looking into why National Highway Traffic Safety Administration (NHTSA) ignored complaints over GM vehicles turning off via the faulty ignition switch. Source: The Detroit News, Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  6. The first day of 2014 brings some good news to Fiat. The company announced that it and the UAW's VEBA Trust have reached a deal to purchase the remaining 41.46 percent stake of Chrysler. The terms of deal will see Fiat paying the VEBA trust a total of $4.35 billion. $3.65 billion of that will go towards the remaining stake. Also, Fiat will pay the trust $700 million annually over the course of the next four years. “In the life of every major organization and its people, there are defining moments that go down in the history books. For Fiat and Chrysler, the agreement just reached with the VEBA is clearly one of those moments,” said Fiat-Chrysler CEO Sergio Marchionne. Fiat says the deal is expected to happen on January 20th. Source: Chrysler Press Release is on Page 2 Chrysler Group Announces Agreement With UAW Calling for Contributions to VEBA Trust and Also Announces a Special Distribution January 1, 2014 , Auburn Hills, Mich. - Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding to supplement Chrysler Group’s existing collective bargaining agreement. Under the MoU, Chrysler Group will provide additional contributions to the VEBA Trust of an aggregate of $700 million in four equal annual installments. The initial payment will be made on closing of a transaction in which the VEBA Trust will sell to Fiat North America, one of Fiat’s wholly owned subsidiaries, all of the VEBA Trust’s equity interest in Chrysler. Additional payments of $175 million will be payable on each of the next three anniversaries of the initial payment. Chrysler Group expects to fund the initial contribution to the VEBA Trust from available cash on hand. In consideration for these contributions, the UAW will agree to certain commitments to continue to support the industrial operations at Chrysler Group and the further implementation of the Fiat-Chrysler alliance, including to use best efforts to cooperate in the continued roll-out of Fiat-Chrysler World Class Manufacturing programs, actively participate in benchmarking efforts associated with implementation of these programs across all of Fiat-Chrysler manufacturing sites to ensure objective performance assessments and provide for proper application of WCM principles and actively assist in the achievement of the Group’s long-term business plan. The Chrysler Group Board of Directors has also determined to support the declaration and payment by Chrysler Group of a special distribution in an aggregate amount of approximately $1,900 million,1 subject to the Board completing its diligence and receiving independent assurance regarding the distribution payment capacity of Chrysler Group, a process that management expects will be completed on or before January 20, 2014
  7. The first day of 2014 brings some good news to Fiat. The company announced that it and the UAW's VEBA Trust have reached a deal to purchase the remaining 41.46 percent stake of Chrysler. The terms of deal will see Fiat paying the VEBA trust a total of $4.35 billion. $3.65 billion of that will go towards the remaining stake. Also, Fiat will pay the trust $700 million annually over the course of the next four years. “In the life of every major organization and its people, there are defining moments that go down in the history books. For Fiat and Chrysler, the agreement just reached with the VEBA is clearly one of those moments,” said Fiat-Chrysler CEO Sergio Marchionne. Fiat says the deal is expected to happen on January 20th. Source: Chrysler Press Release is on Page 2 Chrysler Group Announces Agreement With UAW Calling for Contributions to VEBA Trust and Also Announces a Special Distribution January 1, 2014 , Auburn Hills, Mich. - Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding to supplement Chrysler Group’s existing collective bargaining agreement. Under the MoU, Chrysler Group will provide additional contributions to the VEBA Trust of an aggregate of $700 million in four equal annual installments. The initial payment will be made on closing of a transaction in which the VEBA Trust will sell to Fiat North America, one of Fiat’s wholly owned subsidiaries, all of the VEBA Trust’s equity interest in Chrysler. Additional payments of $175 million will be payable on each of the next three anniversaries of the initial payment. Chrysler Group expects to fund the initial contribution to the VEBA Trust from available cash on hand. In consideration for these contributions, the UAW will agree to certain commitments to continue to support the industrial operations at Chrysler Group and the further implementation of the Fiat-Chrysler alliance, including to use best efforts to cooperate in the continued roll-out of Fiat-Chrysler World Class Manufacturing programs, actively participate in benchmarking efforts associated with implementation of these programs across all of Fiat-Chrysler manufacturing sites to ensure objective performance assessments and provide for proper application of WCM principles and actively assist in the achievement of the Group’s long-term business plan. The Chrysler Group Board of Directors has also determined to support the declaration and payment by Chrysler Group of a special distribution in an aggregate amount of approximately $1,900 million,1 subject to the Board completing its diligence and receiving independent assurance regarding the distribution payment capacity of Chrysler Group, a process that management expects will be completed on or before January 20, 2014 View full article

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...