Roland Li
Preference and savings shares in Italian auto maker Fiat SpA and truck and heavy machinery maker Fiat Industrial SpA soared on Friday after the two groups announced plans to convert these share classes into ordinaries.
Workers represented by the United Auto Workers union ratified a four-year contract with Chrysler Group LLC, the last Detroit automaker to reach a labor deal.
The Chrysler Group LLC is all set for a major presence in the forthcoming 2011 Specialty Equipment Market Association (SEMA) show in Las Vegas.
The deal negotiated by Chrysler and the United Auto Workers includes a boost in hourly wages, additional bonuses, and an agreement by the company to bring over 2,000 jobs to the United States.
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
The United Auto Workers union has summoned local officials representing some 26,000 Chrysler Group LLC workers to Detroit as contract talks with the No. 3 U.S. automaker near a turning point.
Canadian auto sales fell in September, extending a volatile year with Chrysler's strong performance the lone bright spot among the top manufacturers.
Now that Kodak shares trade at only 78 cents, the collapse of the imaging icon would be a technology tragedy and a black eye for the U.S.
General Electric Co (GE.N) may lease costly vehicle batteries to electric-car buyers, joining other companies looking to get more people to buy alternative-energy automobiles.
The Obama administration will push back the release of the most ambitious proposal ever for automakers to improve fuel efficiency of their passenger cars, sport utility vehicles and pickups.
Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.
The United Auto Workers expect the pace of talks with Ford Motor Co to quicken now that the sides are tackling economic issues and union President Bob King is at the table, a union official said on Monday.
Toyota: 2012 Prius Plug-in Hybrid to Get 87 MPG in Electric Mode.
The pact remains subject to approval by the union’s rank-and-file membership.
Fiat and Chrysler chief executive Sergio Marchionne said the euro single currency system could be derailed unless European leaders resolved the debt crisis.
American actor, Cliff Robertson who was best known for his Oscar-winning performance as Charly Gordon in the 1968 film Charly, died of natural causes a day after his 88th birthday on Saturday in Stony Brook, N.Y., Evelyn Christel, his longtime personal secretary said.
With more than a million unemployed construction workers across the nation, President Barack Obama on Monday said he intends to spend to rebuild America's infrastructure and boost hiring, which will be key components of a plan he is working on to stimulate the U.S. economy.
President Barack Obama previewed proposals on Monday for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.
The true unemployment figure in the city might be as high as an astounding 50 percent.
Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.