the auto unions are seeking to eliminate or phase down the two-tier wage structure that has been in place in the auto industry since 2007. Veteran auto workers have maintained their relatively high $28 hourly wage rate while new workers are
year that we had in 2014, where they benefited from a lot of oil exploration; they benefited from a really strong auto industry . [Exports were also strong] because the strong dollar hadn't really kicked in yet and there are a lot of long
buyback . One MS analyst has a negative view on this – he thinks that there is no such thing as excess cash in the auto industry and GM will be ill-prepared for the next cycle. Pg 12-13 : Greek Prime Minister Tsipras meets with German Chancellor
TOKYO (Reuters) - Japanese demand for new cars, trucks and buses is expected to fall 5.4 percent to 4.99 million vehicles in the fiscal year ending in March 2016, the auto industry lobby said on Thursday.
amount was too high, as GM needs to have a large cash hoard to protect itself against the highly cyclical nature of the auto industry . We had been modeling $5 billion of buybacks, split evenly across this year and next. And GM, on March 9, made
NEW DELHI, March 10 (Reuters) - Faster growth and improved consumer sentiment should boost sales of passenger cars and utility vehicles in India by 6 to 8 percent in the year starting in April, the country's auto industry body said on Tuesday.
billion proposal. We thought that amount of spending that quickly was too risky given the highly cyclical nature of the auto industry , and we like today's announcement much better. We continue to see GM's stock as significantly undervalued and
world on fire. The days of ever-increasing exports and energy-related equipment sales are behind us. And the auto industry , while improving, is also beginning to slow. I suspect that after industrial production peaked at just over 5
Reserve Chair Janet Yellen speaks on "Bank Regulation and Supervision" and receives Citizens Budget Commission Medal for High Civic Service. She also speaks at award dinner in New York. The U.S. auto industry will report February sal
such moves--including taxes, egos ("if horses had controlled investment decisions, there would have been no auto industry "), and Wall Street bankers ("money-shufflers don't come cheap"). Referring again to See's cash flows