General Motors Co., 10 weeks after ratifying a new labor contract with the United Auto Workers, said union hourly employees achieved vehicle-quality targets and will be eligible for about $12 million in bonuses.
A United Auto Workers official who was quoted in a letter to members as saying that a U.S. official was “in the room” during labor contract negotiations with General Motors Co. called the report a “misprint.”
General Motors Co., the largest U.S. automaker, has almost completed a deal to sell its Nexteer Automotive steering-parts unit, said Kim Carpenter , a GM spokeswoman. She declined to name the remaining bidders.
The United Auto Workers, bargaining a new contract for U.S. automakers, is turning to General Motors Co. to set the pattern for wages and benefits for the U.S. industry, said three people familiar with the discussions.
The United Auto Workers will seek early contract settlements in talks with the U.S. automakers this year, breaking a pattern of brinksmanship that stretches at least four decades, two people familiar with the plan said.
General Motors Co. , the largest U.S. automaker, will suspend production at its Shreveport Assembly in Louisiana for the week of March 21 because of a parts shortage resulting from the crisis in Japan.