Word: auto
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...early returns were unsettling. As members of the United Auto Workers voted last week on a new three-year contract with General Motors, word leaked out that at least 22 of the union's 149 locals had turned down the agreement. Many workers were dissatisfied with the proposed wage hike and lump-sum payments that would average 2.25% annually. But after U.A.W. President Owen Bieber warned that rejection would mean an immediate nationwide strike the vote totals began to shift in favor of the contract. At week's end union officials predicted approval...
Chrysler last week named Owen Bieber, president of the United Auto Workers, to its board of directors. That made Bieber the second auto-union chief to serve as a Chrysler director and one of the few labor representatives anywhere to sit on the board of a major U.S. corporation...
...than a surrealistic foreign film. But Entrepreneur Malcolm Bricklin believes the tiny Yugoslavian vehicle, whose name plate reflects its nationality and horsepower, will appeal to frugal American car buyers. Next spring Bricklin will begin importing 35,000 Yugos into the U.S. The four-passenger, front-wheel-drive auto will carry a $3,990 sticker price that will make it the cheapest new car on the U.S. market. Says Bricklin, 45, a New York City businessman who introduced the first Japanese Subaru to the U.S. in 1968 but crashed during the mid-1970s when he built a gull-winged sports...
...Louis, 300 district leaders of the United Auto Workers overwhelmingly approved the contract worked out earlier with General Motors. The contract was sent to the rank and file for ratification by Oct. 14. Despite creation of a $1 billion fund for retraining workers displaced by automation, there could be some balking. Says Pete Beltran, president of Local 645 in Van Nuys, Calif.: "The ratification vote will be much closer than people think." Autoworkers were grumbling that the annual wage hike for the next three years will be just 2.25%. Economists, though, feared that wages and benefits were still...
Fahrenkopf also had harsh words for Democratic presidential candidate Walter F. Mondale, saying that Mondale couldn't "leave home without...his labor crutch"--the United Auto Workers, "his black crutch"--the Rev. Jesse L. Jackson, or "another crutch"--Rep. Geraldme A. Ferraro (D-N.Y.), his running mate...