Archive for the ‘Politicians’ Category

VW Workers Voting on UAW Representation in Chattanooga Plant

Union hoping third time is the charm.

by on Jun.14, 2019

The UAW's third election in five years at VW's Chattanooga plant is going on now.

It’s going to come down to the wire.

For the third time in the last half decade, hourly workers are Volkswagen’s plant in Chattanooga, Tennessee, are voting to decide if they want the United Auto Workers union to represent them. It was a contentious vote the first time around and only slightly less so this time.

The Last Word!

The UAW hasn’t fared well in its organizing efforts in the South, losing by significant margins in recent attempts in Mississippi and Alabama. A variety of factors played into those defeats: a strong anti-union group of workers named Southern Momentum, Republican politicians claiming doom and gloom and the UAW itself as stories of union leaders stealing money to do home repairs, pay off mortgages and other things for themselves have splashed across newspapers and television screens. (more…)

Trump Criticizes GM Investment in China

Says company is having to pay more because of tariffs.

by on Jun.12, 2019

President Donald Trump criticized GM's investment in China on CNBC.

General Motors’ investment in China has come under fire from President Donald Trump who declared in recent interview it was a bad investment.

GM now sells more cars in China than it does in the United States and during the past two decades the company has insisted the investment in China has not hurt its operations in the U.S. Instead, profits from its Chinese operations has helped it invest in new products in the United States and helped it meet pension obligations.

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Only a small part of GM production of more than 3 million units is exported back to the U.S. and the Trump administration recently refused to roll back the tariffs on the Chinese-made Buicks GM sells in the U.S.  (more…)

Trump Administration Rejects Carmakers Pleas on Emissions

California at odds with federal government.

by on Jun.11, 2019

President Donald Trump thought he would win industry support from leaders about CAFE cuts but instead has seen opposition.

The Trump administration has turned down an auto industry request to find a compromise with the State of California on emission rules for new vehicles.

The Los Angeles Times reported the administration is moving forward with plans to weaken vehicle pollution rules, rejecting a last-minute appeal from the world’s largest car manufacturers to restart negotiations with California.

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The companies warned Trump the proposed plan to rollback anti-pollution regulations, fuel-economy standards could produce untenable instability for the industry that could hurt car companies’ bottom lines. (more…)

Automakers Push Back on Trump Plan to Relax Mileage Rules

Expected White House plan would trigger legal actions and “untenable” uncertainty, 17 OEs warn.

by on Jun.07, 2019

Pres. Donald Trump thought he would win industry support from industry leaders over CAFE cuts but has seen opposition, instead/

In an unusual move, 17 automakers, including giants General Motors, Ford and Toyota, have sent a letter to President Donald Trump urging him not to move ahead on plans to roll back federal fuel economy standards – a move that puts the industry more in line with environmentalists than the anti-regulatory White House.

The Trump Administration has signaled since it was first inaugurated its intention to roll back Obama-era guidelines that would have seen the Corporate Average Fuel Economy, or CAFE, standard rise to 54.5 mpg by 2025. The administration’s draft plans would freeze the numbers at 2021 model-year levels, or about 37 mpg.

The Last Word!

The proposal has already generated significant opposition from environmental and consumer groups, as well as the State of California which would effectively lose its current right to set standards higher than those established by the federal government. California has played lead in the various legal actions that have been filed to block any rollback even before the original outline of a plan the White House announced was formalized.

(more…)

FCA Scuttles Deal With Renault, Blames French Government

Automaker rescinds offer "with immediate effect."

by on Jun.05, 2019

Fiat Chrysler rescinded its merger offer to Renault after the French government's demands became too much.

The deal is off.

Fiat Chrysler’s board of directors held a meeting this evening to put the final touches on a deal with Renault, including a press release announcing the two sides had reached an agreement for a merger that would create the third-largest automaker in the world.

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However, in a span of about three hours, the deal unraveled under demands from the French government, sources close to the deal told bingdb.info.  (more…)

Trump Trade Wars Could “Backfire,” Hitting American Jobs

GM supplier czar urges “calm” as deadline on Mexican tariffs approaches.

by on Jun.05, 2019

The looming tariffs on products from Mexico ordered by President Trump has auto executives concerned.

With less than a week left before President Donald Trump’s proposed new tariffs on Mexican imports go into effect, auto industry officials are worrying about the potential impact on prices, sales, production and jobs, with at least one industry veteran warning such a move could “backfire” and worsen the current market downturn.

The proposed 5% tariffs, which would cover everything from agricultural products consumer electronics – as well as around $100 billion in cars and car parts – will go into effect on June 10, and then steadily escalate before reaching 25% by October. But there is growing opposition coming from Republican leaders in Congress, Senate Majority Leader Mitch McConnell this week said, “There is not much support in my conference for tariffs, that’s for sure.”

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About 2.6 million Mexican-made vehicles worth around $93 billion were shipped to the U.S. last year, with nearly $10 billion in car parts also crossing the border. Since some of those parts show up in almost all vehicles assembled in the States, the tariffs would have an impact on virtually every American car buyer. But the potential is there for U.S. auto workers to also feel the brunt. (more…)

Renault Board Puts Brakes on Merger Talks with Fiat Chrysler

French government applying pressure for board to meet demands.

by on Jun.05, 2019

French Finance Minister Bruno Le Maire said the government wants certain assurances met before it will sign off on any Renault-FCA merger.

After initially appearing to be excited by the prospect of a merger with Fiat Chrysler, Renault is now slow-playing its hand as its board delays a decision about merger talks.

Renault’s board said Tuesday after meeting at its headquarters near Paris that it will meet again Wednesday to “continue to study with interest” Fiat Chrysler Automobiles’ merger offer, the Associated Press reported.

Global News!

The delay may come from concerns about the deal from the French government – Renault’s largest shareholder – as well as several unions. (more…)

Renault Expected to Give Thumbs Up to FCA Marriage Proposal

Nissan upbeat, but cautious, according to report.

by on Jun.04, 2019

Any merger between FCA and Renault must protect France's hourly workforce, such as its Maubeuge plant, French government officials said.

Renault’s board will meet on Tuesday afternoon to pore over the merger proposal offered late last month by Fiat Chrysler Automobiles and reports from Europe suggest the response will be a positive one.

Should the French automaker signal its approval it would surprise few, several observers told bingdb.info, considering the two companies had discussed the idea of a full merger for more than a month before the plan became public.

Global News!

But there are some potential obstacles to be overcome, including the existing ties between Renault and its long-time alliance partner Nissan, as well as Mitsubishi which entered the alliance several years ago. But the two Japanese automakers also appear to be signaling cautious approval for the deal that would create the world’s third-largest automaker – and largest automotive group. (more…)

Trump to Tariff Mexican Imports Over Illegal Immigration

Duties will quickly grow from 5 to 25%; “auto industry gets hammered,” as prices soar

by on May.31, 2019

President Donald Trump surprised Mexico by slapping a new tariff on the country in an attempt to slow illegal immigration.

President Donald Trump has ordered new tariffs on Mexican goods entering the United States, starting June 10, to put pressure on that country to stem illegal immigration across the southern U.S. border.

“The Tariff will gradually increase until the Illegal Immigration problem is remedied, at which time the Tariffs will be removed,” Trump said via Twitter, with the new duties to start at 5% and increase to 25% if there isn’t a resolution to the immigration situation by Oct. 1.

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The move will impact a broad range of goods, including consumer electronics and, in particular, the autos and automotive parts that make up the single biggest Mexican export to the U.S. last year, according to the U.S. Census Bureau, comprising a total of $99.3 billion. As with imports on Chinese goods caught up in another trade war, automakers could choose to pass the added costs on to consumers at a time when vehicle prices roughly at record levels and sales are in a slump. (more…)

VW Tennessee Workers Get Another Chance for Unionization

Plant's new vote comes in mid-June.

by on May.30, 2019

The UAW's third election in five years at VW's Chattanooga plant will take place in mid-June.

The UAW is getting its another kick at the can when Volkswagen of America hourly workers in Tennessee will vote yet again to decide if they want to be represented by the Detroit-based union.

Workers at the Chattanooga, Tennessee assembly plant will vote June 12, 13 and 14 to unionize. 

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The UAW petitioned the National Labor Relations Board last month to set the dates for the election to represent about 1,700 trade and production workers at the plant that builds cars and sport-utility vehicles. The new dates come after the automaker’s lawyers won a temporary delay. (more…)


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