Archive for the ‘Business Stories’ Category
Detroit 3 Closing Worker Pay Gap with Foreign Competitors
By Phil Alex Sean McAlinden, an economist working for the Center for Automotive Research, says that due to shifts in UAW retiree / health planning US auto manufacturers may end up with a labor-cost advantage in the next few years. GM is used as the prime example. Here’s a look at the timeline: In 2007, […]
In: Business Stories · Tagged with: Auto Manufacturers, Automotive Research, Chrysler, Cost Advantage, Counterparts, Detroit Automakers, Economist, Gap, Gm, International Competitor, Negotiations, Prime Example, Retiree Benefits, Retiree Health, Retirement, Salaried Employees, Salary Information, Skilled Trades, Timeline, Uaw
Auto industry executives poised for major payout
BY MARK KLEIS Due to the unique circumstances that placed automakers’ stocks at record lows in 2009, many auto executives are now set to receive substantial net payouts as a result of the drastic increase in stock values. Before the stock increase, many executives were working for substantially below-market wages, making the merit-based payout a […]
In: Business Stories · Tagged with: Alan Mulally, Auto Executives, Auto Industry, Automakers, Ceo Compensation, Ceo Robert, Drastic Increase, Growth Opportunity, Industry Executives, Prime Example, Record Lows, Representing Companies, Robert Nardelli, Standard And Poor, Stock Increase, Stock Options, Stock Prices, Stock Values, Substantial Growth, Top Executives
Top Republican questions GM/administration over TARP funds used to pay back loans
By Mark Kleis A top Senate Republican, Charles Grassley, questioned the Obama Administration regarding the recent announcement by General Motors that all federal loans had been repaid. Grassley believes that the loans were in fact paid back with other federal bailout funds – not from profits due to the operation of the automaker. GM announced on […]
In: Business Stories · Tagged with: Automaker, Bailout, Canadian Government, Charles Grassley, Escrow Account, Federal Loans, Fox News, Gm Administration, Government Loans, Joe Biden, President Joe, Republican Senator, Securities And Exchange Commission, Senate Finance Committee, Senate Republican, Senator Charles Grassley, Taxpayer Funds, Timothy Geithner, Treasury Secretary, True Status
