Automaker Media Group

automakerOn the other side of the desk, the companies need to narrow their all-in labor prices, which include health care and different advantages, to be extra according to nonunionized employees at overseas automakers producing within the U.S. With little or no co-pays or deductibles, the auto staff only pay roughly three% of their costs. That compares with the automakers’ salaried employees, who pay roughly 20% to 30%, and the typical U.S. employee at 28%, based on the Henry J. Kaiser Family Foundation. DETROIT – Contract negotiations between the United Auto Workers and General Motors are anticipated to run all the way down to the wire as each side work to get a deal earlier than their present labor settlement expires simply earlier than midnight on Saturday.

Ford and Lio Ho Group have a three way partnership called Ford Lio Ho, Ford owns 70% and Lio Ho Group owns 30%. Ford and Koç Holding have a 50-50 three way partnership known as Ford Otosan. Ford and Sollers JSC have a 50-50 joint venture referred to as Ford Sollers. Ford and Navistar International have a 50-50 three way partnership called Blue Diamond Truck. Chery and Israel Corporation has a joint venture referred to as Qoros, both firms maintain a 50-50% stake.

They warned that General Motors Company and Chrysler LLC confronted bankruptcy and the loss of 1 million jobs. The Ford Motor Company did not need the funds since it had already reduce prices. But it requested to be included so it … Read More