When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010’s record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiation…
Toyota Motor (TM) reportedly won’t resume vehicle production at any of its plants in Japan on Tuesday, as the automaker had planned. The continued stoppage leaves in question just how soon the world’s largest automaker will be able to resume operations…
UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW…
The Japanese automaker has extended its halt on vehicle production at its plants in Japan through March 22, as the country continues to reel from the devastation of last week’s massive 9.0 earthquake and ensuing tsunami.
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Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company’s stunning turnaround, which resulted in the automaker raking in $…