4LT GS RoadsterDetroit's Big Three, facing their worst crisis in decades, are seeking unprecedented concessions from the United Auto Workers union in a bid to narrow what they say is a $30-an-hour labor-cost disadvantage against Asian rivals like Toyota Motor Corp. and Honda Motor Co., auto executives say.
The unusually tough stance by General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group marks their latest attempt to stanch heavy losses in their North American auto operations. It also sets up a potential showdown with the UAW -- which has a 70-year history of winning progressively richer contracts for its members ...
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The unusually tough stance by General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group marks their latest attempt to stanch heavy losses in their North American auto operations. It also sets up a potential showdown with the UAW -- which has a 70-year history of winning progressively richer contracts for its members ...
Article
