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.”
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.
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.
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.
The recovery in U.S. automobile sales from the lowest in almost three decades may spur a wave of auto- parts acquisitions, drawing interest from hedge funds, private- equity investors and rival manufacturers after a two-year slump in deals.