Word: auto
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...United Auto Workers is engaged in delicate discussions with Chrysler LLC and General Motors Corp. on a new round of concessions from 90,000 autoworkers that will be critical to the survival of both companies...
...chief Ron Gettelfinger is trying to mute public criticism of auto executives, blaming domestic carmakers woes on a global recession created by the financial meltdown. However, he has also noted repeatedly that union members already made sacrifices in 2005 and 2007; he refuses to say whether the UAW would agree to wage cuts at this time...
...According to The Wall Street Journal, as it has become clear that Volvo will be sold soon, "Companies expected to express interest include Chinese auto makers Geely Holding Group, SAIC Motor Corp. and Chongqing Changan Automobile...
...Chinese car companies have been showing up an international auto shows for years, hoping to prove that they should be able to market their products outside their home market. Most experts who have seen their products do not believe that their quality is good enough to compete in the U.S. and E.U. markets. Buying Volvo would take that barrier away...
...China's desire to move into the world's largest auto market may not have to be put off by years while it develops models that would be attractive to U.S. consumers. A government-supported initiative to sell vehicles in America would allow one or more of the car firms on the mainland to play on the same field that helped Toyota (TM) and Honda (HMC) build themselves into two of the largest companies in the world...