A joint venture would focus first on China, the biggest market for electric vehicles.
Center for Automotive Research calculated GM and Ford will see total costs grow $8 per hour, Fiat Chrysler’s will rise by $11.
Creating the world’s fourth-largest automaker.
Deal extends a moratorium on outsourcing of jobs and will maintain its US presence through the life of the contract.
Lawsuit alleges FCA corrupted the bargaining process with the UAW in the 2009, 2011 and 2015 contracts.
Will create the world’s fourth-largest auto company worth $50 billion.
New company would be worth US$50 billion, with revenue of US$189 billion.
Would create the world’s fourth-largest automaker with a combined market value of around US$50 billion.
Not specifying whether the goal is a full merger or a looser alliance.
Pay raises and a huge signing bonus, union’s top-notch health care changed little.
But it doesn’t mean there will be a work stoppage. Contracts expire Sept. 14.
FCA cited “political conditions in France” for the withdrawal.
Merged company would make some 8.7 million vehicles a year, leapfrogging GM and trailing only Volkswagen and Toyota.
Michigan’s economic development board approved a US$223 million incentive package, the automaker will create 6,400 jobs.
Investment in Canada’s vehicle assembly sector averaged just $1.2 billion a year between 2010 and 2017, down from $2.3 billion a year in the previous decade.