Word: auto
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...hourly workers at 30 U.S. plants in ten states. Canadian Union Boss Robert White was demanding that his GM workers receive a bigger wage increase than the one their U.S. counterparts got in their new contract. White, though, was under heavy pressure from United Auto Workers President Owen Bieber to settle the strike quickly. Bieber did not want to see Canadian wages get too far out of line with American pay rates and was eager to get U.S. workers back on the job. Last week, after GM made a new pay proposal, the union accepted the offer, which must still...
...With auto sales strong, as they now are, strikes can be costly. GM announced last week that its third-quarter earnings fell 43%, largely because of the one-week walkout by U.S. workers in September. Securities analysts figure that the first seven days of the Canadian strike cost GM $35 million; the losses would have risen to $135 million a week if there had not been a settlement...
...Canadian auto industry is virtually the mirror image of its larger U.S. counterpart, with plants stretching along the Great Lakes from Windsor, Ont., to Montreal. They are owned by Detroit's Big Four automakers, and 80% of the cars built go to the U.S. The auto-manufacturing operations of the two countries have long been operating together like a piston and a crankshaft...
...autoworkers have usually gone along with the U.S. contracts. This time the goals of the two countries' workers are very different. U.S. employees, concerned about production's shifting to nonunion plants overseas, gave up their customary wage demands in exchange for job-security guarantees. But no Canadian auto plants have been closed, and no Canadian GM workers are on layoff. Robert White, the aggressive head of the Canadian U.A.W., has let it be known that his members do not want the profit sharing or lump-sum payments that are part of the just approved U.S. agreement. In addition...
...women in an Aston Martin DB5 sports car equipped with such extras as an ejection seat, machine guns and a bulletproof windshield. Now Aston Martin Lagonda is introducing a vehicle that an older Bond could love. In Birmingham, England, last week, the firm unveiled its Tickford Lagonda limousine, an auto that will have a thrill-seeking top speed of 140 m.p.h. With a base price of $120,000 that can rise to more than $150,000 when video, stereo and picnic-table options are added, the car will be one of the world's most expensive...