July 14, 2011 online at www.uawlocal2250.com
Reminder: There are meetings of the Women’s, Veterans, Union Label and Education committees today after first shhttp://www.blogger.com/img/blank.gifift at the Union Hall.
If you happen to spend time with an individual who is a GM retiree, please encourage that person to sign up on www.GMRetiree.com. This is the official company website developed for all U.S. retirees. It features:
o Benefit information
o Company news
o Retiree features
o Pictures and videos
o Hot GM topics
o “Marketplace” discounts
o Clickable links to other relevant pages like Family First
o A personalized GM events calendar
From Automotive News: With high gasoline prices this spring, small cars won more market share. But does that mean that the average transaction price of U.S. vehicles is suffering? No. According to the Power Information Network, the average transaction price June 1-26 was $28,307, up $862 from June 2010. The price includes all consumer incentives. Another data miner, TrueCar.com, put the average transaction price for light vehicles in the United States in June at $30,009, up $845 from June 2010. In June, small cars accounted for 15.6 percent of the U.S. market, up from 13.2 percent in June 2010, according to the Automotive News Data Center.
From the AP: Chrysler is recalling nearly 250,000 Ram pickups because a bad part in the steering system can cause drivers to lose control of the truck. The Ram is Chrysler’s top-selling vehicle. The recall covers 242,780 Ram 1500, 2500 and 3500 pickups from the 2008 to 2011 model years. The National Highway Traffic Safety Administration said today on its Web site that a part near the left front wheel can fracture, and potentially cause crashes. The problem happens mainly at low speeds when drivers are making tight turns. Chrysler says drivers have reported a few minor crashes and one minor injury. Affected models include 2008-2011 Ram 2500 and 3500 four-wheel-drive pickups and 2008-2011 Ram 3500 two-wheel-drive chassis cabs made from Feb. 14, 2008 through March 28, 2011. Also affected is 2008 Ram 1500 mega cab four-wheel-drive models made from Feb. 14, 2008 through Aug. 15, 2008.
From the Detroit Free Press: General Motors intends to announce on Monday $400 million worth of updates for its Flint pickup assembly plant, two people familiar with the planning said, as the automaker prepares to introduce its next-generation Silverado and Sierra pickups, expected in 2013. Some of the factory updates are already in process. For instance, the plant's shutdown during the first two weeks of July allowed some of the work to be done, the people said. Still, the plant will likely close for about eight weeks next year to prepare to build the new trucks. GM has already decided to add a third shift worth about 750 jobs to the Flint factory this year, with the positions going to transfers and laid-off workers. Monday's announcement won't include new jobs, the people said. GM spokeswoman Kim Carpenter declined to comment. The Flint factory is still waiting for GM to green-light a plan to spend $417 million to build a new paint shop for the truck plant by June 2015, which would allow the factory to become more productive and could require the plant to add a few more workers. The Michigan Economic Growth Authority last month approved state tax credits for that proposal.
From the Wall Street Journal: Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., Thursday voted to accept the terms of a wage deal for the year, a little over a week after they went on partial strikes, seeking higher wages and performance-based bonuses. The pact now leaves just two more of the country's top car makers to seal the annual wage deal. Hyundai Motor Co. and Kia Motors Corp., which together form the world's fifth-largest car maker by sales, are still in talks with their unions. Of the five car makers in South Korea, GM Korea is the second company to seal the annual wage deal following SsangYong Motor Co., which inked a 2011 wage deal in May. Union spokesman Chung Hae-chul told Dow Jones Newswires that "55.9% of union members who cast a vote from Wednesday to Thursday stood for the terms." A total 10,045 workers took part in the vote out of the 10,164-strong union, the company said in a statement. Under this year's contract, GM Korea's unionized workers will get a 78,828 won ($75) increase in their basic monthly salary and 3 million won ($2850) in one-off bonuses per employee, as well as 4 million won ($3800) in performance-based pay for the year 2010, the company said. The union had asked for a 150,611 won rise in the basic monthly salary and 30% of the company's 586 billion won net profit last year in profit sharing. The company had offered a 68,828 won rise in basic wages and 2.2 million won per employee in one-time bonuses. GM Korea spokesman Kim Sang-won said: "The company will closely cooperate with the union to help achieve this year's target of a double-digit market share in South Korea." Meanwhile, the two unions at Hyundai Motor and Kia Motors have separately demanded an increase of 150,611 won ($145) in monthly basic salary and performance-based pay equivalent to 30% of full-year net profit for 2010.
Reminder: There are meetings of the Women’s, Veterans, Union Label and Education committees today after first shhttp://www.blogger.com/img/blank.gifift at the Union Hall.
If you happen to spend time with an individual who is a GM retiree, please encourage that person to sign up on www.GMRetiree.com. This is the official company website developed for all U.S. retirees. It features:
o Benefit information
o Company news
o Retiree features
o Pictures and videos
o Hot GM topics
o “Marketplace” discounts
o Clickable links to other relevant pages like Family First
o A personalized GM events calendar
From Automotive News: With high gasoline prices this spring, small cars won more market share. But does that mean that the average transaction price of U.S. vehicles is suffering? No. According to the Power Information Network, the average transaction price June 1-26 was $28,307, up $862 from June 2010. The price includes all consumer incentives. Another data miner, TrueCar.com, put the average transaction price for light vehicles in the United States in June at $30,009, up $845 from June 2010. In June, small cars accounted for 15.6 percent of the U.S. market, up from 13.2 percent in June 2010, according to the Automotive News Data Center.
From the AP: Chrysler is recalling nearly 250,000 Ram pickups because a bad part in the steering system can cause drivers to lose control of the truck. The Ram is Chrysler’s top-selling vehicle. The recall covers 242,780 Ram 1500, 2500 and 3500 pickups from the 2008 to 2011 model years. The National Highway Traffic Safety Administration said today on its Web site that a part near the left front wheel can fracture, and potentially cause crashes. The problem happens mainly at low speeds when drivers are making tight turns. Chrysler says drivers have reported a few minor crashes and one minor injury. Affected models include 2008-2011 Ram 2500 and 3500 four-wheel-drive pickups and 2008-2011 Ram 3500 two-wheel-drive chassis cabs made from Feb. 14, 2008 through March 28, 2011. Also affected is 2008 Ram 1500 mega cab four-wheel-drive models made from Feb. 14, 2008 through Aug. 15, 2008.
From the Detroit Free Press: General Motors intends to announce on Monday $400 million worth of updates for its Flint pickup assembly plant, two people familiar with the planning said, as the automaker prepares to introduce its next-generation Silverado and Sierra pickups, expected in 2013. Some of the factory updates are already in process. For instance, the plant's shutdown during the first two weeks of July allowed some of the work to be done, the people said. Still, the plant will likely close for about eight weeks next year to prepare to build the new trucks. GM has already decided to add a third shift worth about 750 jobs to the Flint factory this year, with the positions going to transfers and laid-off workers. Monday's announcement won't include new jobs, the people said. GM spokeswoman Kim Carpenter declined to comment. The Flint factory is still waiting for GM to green-light a plan to spend $417 million to build a new paint shop for the truck plant by June 2015, which would allow the factory to become more productive and could require the plant to add a few more workers. The Michigan Economic Growth Authority last month approved state tax credits for that proposal.
From the Wall Street Journal: Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., Thursday voted to accept the terms of a wage deal for the year, a little over a week after they went on partial strikes, seeking higher wages and performance-based bonuses. The pact now leaves just two more of the country's top car makers to seal the annual wage deal. Hyundai Motor Co. and Kia Motors Corp., which together form the world's fifth-largest car maker by sales, are still in talks with their unions. Of the five car makers in South Korea, GM Korea is the second company to seal the annual wage deal following SsangYong Motor Co., which inked a 2011 wage deal in May. Union spokesman Chung Hae-chul told Dow Jones Newswires that "55.9% of union members who cast a vote from Wednesday to Thursday stood for the terms." A total 10,045 workers took part in the vote out of the 10,164-strong union, the company said in a statement. Under this year's contract, GM Korea's unionized workers will get a 78,828 won ($75) increase in their basic monthly salary and 3 million won ($2850) in one-off bonuses per employee, as well as 4 million won ($3800) in performance-based pay for the year 2010, the company said. The union had asked for a 150,611 won rise in the basic monthly salary and 30% of the company's 586 billion won net profit last year in profit sharing. The company had offered a 68,828 won rise in basic wages and 2.2 million won per employee in one-time bonuses. GM Korea spokesman Kim Sang-won said: "The company will closely cooperate with the union to help achieve this year's target of a double-digit market share in South Korea." Meanwhile, the two unions at Hyundai Motor and Kia Motors have separately demanded an increase of 150,611 won ($145) in monthly basic salary and performance-based pay equivalent to 30% of full-year net profit for 2010.
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→State of the Union July 14, 2011
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