Chrysler Deal w/ UAW

[Todd Covini]

May 14, 2009
New UAW-Chrysler Labor Pact Has No-Strike Clause

The United Auto Workers has agreed not to strike Chrysler until September 2015.

The Detroit automaker has extended its contract with the union, according to documents filed Wednesday, May 13, in U.S. Bankruptcy Court in New York. Chrysler filed for Chapter 11 reorganization on April 30, and seeks to sell its valuable assets to a new automaker run by Fiat.

The contract, approved April 29, extends the UAW’s 2007 Chrysler agreement to September 14, 2011. From that date until September 14, 2015, any changes to labor agreements will be determined by binding arbitration.

Bloomberg News first reported details of the UAW agreement.

The contract says the UAW had agreed to accept $4.59 billion in cash plus a 55 percent stake in the Chrysler-Fiat partnership in place of the $10.6 billion that Chrysler owes a union retiree health care fund. .

Chrysler’s 26,000 U.S. hourly workers ratified the contract changes by a ratio of 4-to-1.

Fiat’s initial 20 percent stake would rise to 35 percent after meeting three milestones for bringing its vehicle technology to the United States.

The U.S. Treasury Department will maintain a 10 percent stake in the new Chrysler.

The health care fund, or voluntary employee beneficiary association, will nominate one Chrysler board member approved by the UAW, the contract says. Independent directors will vote the VEBA’s Chrysler shares.

The agreement also confirms an April report by Automotive News that all new workers Chrysler hires until September 14, 2015, can be paid entry-level wages.

The contract also reduces benefits, combines job classifications and creates stricter attendance rules. It says the company intends to persuade an additional 3,500 workers to leave voluntarily.

In an e-mail, a Chrysler spokeswoman declined to comment. A UAW spokesman did not immediately return a phone call and an e-mail requesting comment.

[AI#97]

The Bad....the UAW gets a stake in the company and is still around.

The good...chrysler could move all their plants to Texas...and they could tell the workers to move or piss off, then hire everyone at minimum wage!

Strange.... The biggest Union in the world is now going head to head with a bunch of Italians! LOL!!! :lol:

[Al Fernandez]

The biggest Union in the world is now going head to head with a bunch of Italians

talk about the blind leading the blind! :lol: :wink:

[Waco Racer]

Strange.... The biggest Union in the world is now going head to head with a bunch of Italians! LOL!!! :lol:

Sounds like sombody's gonna get whacked.

[Todd Covini]

Strange.... The biggest Union in the world is now going head to head with a bunch of Italians! LOL!!! :lol:

Sounds like sombody's gonna get whacked.

Fugetabout it. Tonight Alfaro sleeps with the fishes.

- Covini

[jeffburch]

http://farm4.static.flickr.com/3021/3045414493_24cfee378d_o.jpg

It's in the way you dress. The way you boogie down. The way you sign your unemployment check. You're a man who likes to do things your own way. And on those special odd-numbered Saturdays when driving is permitted, you want it in your car. It's that special feeling of a zero-emissions wind at your back and a road ahead meandering with possibilities. The kind of feeling you get behind the wheel of the Pelosi GTxi SS/Rt Sport Edition from Congressional Motors.


All new for 2012, the Pelosi GTxi SS/Rt Sport Edition is the mandatory American car so advanced it took $100 billion and an entire Congress to design it. We started with same reliable 7-way hybrid ethanol-biodeisel-electric-clean coal-wind-solar-pedal power plant behind the base model Pelosi, but packed it with extra oomph and the sassy styling pizazz that tells the world that 1974 Detroit is back again -- with a vengeance.
We've subsidized the features you want and taxed away the rest. With its advanced Al Gore-designed V-3 under the hood pumping out 22.5 thumping, carbon-neutral ponies of Detroit muscle, you'll never be late for the Disco or the Day Labor Shelter. Engage the pedal drive or strap on the optional jumbo mizzenmast, and the GTxi SS/Rt Sport Edition easily exceeds 2016 CAFE mileage standards. At an estimated 268 MPG, that's a savings of nearly $1800 per week in fuel cost over the 2011 Pelosi.


Even with increased performance we didn't skimp on safety. With 11-point passenger racing harnesses, 15-way airbags, and mandatory hockey helmet, you'll have the security knowing that you could survive a 45 MPH collision even if the GTxi SS/Rt were capable of that kind of illegal speed.
But the changes don't stop there. Sporty mag-style hubcaps and an all-new aggressive wedge shape designed by CM's Chief Stylist slices through the wind like an omnibus spending bill. It even features an airtight undercarriage to keep you and a passenger afloat up to 15 minutes -- even in the choppy waters of a Cape Cod inlet. Available a rainbow of color choices to match any wardrobe, from Harvest Avocado to French Mustard.


Inside, a luxurious all-velour interior designed by Barney Frank features thoughtful appointments like in-dash condom dispenser and detachable vibrating shift knob. A special high capacity hatchback holds up to 300 aluminum cans, meaning fewer trips to the redemption center. And the standard 3 speaker Fairness ActoPhonic FM low-band sound system means you'll never miss a segment of NPR again.
Best of all, the Pelosi GTxi SS/Rt is made right here in the U.S.A. by fully card-checked unionized workers and Detroit's famous visionary jet-set managers. Even if you don't own one, you can enjoy the patriotic satisfaction that you're supporting the high wages, good benefits, and generous political donations that are once again making the American car industry the envy of the world.


But why not buy one anyway? With an MSRP starting at only $629,999.99, it's affordable too. Don't forget to ask about dealer incentives, rebates, tax credits, and wealth redistribution plans for customers from dozens of qualifying special interest groups. Plus easy-pay financing programs from Fannie Mae.


So take the bus to your local CM dealer today and find out why the Pelosi GTxi SS/Rt Sport Edition is the only car endorsed by President Barack Obama. One test drive will convince you that you'd choose it over the import brands. Even if they were still legal.

Plagiarized from random email.
jb

[Todd Covini]

Ya' know. My mind was wandering today as I sat at an intersection traffic light and at 90 degrees off to me was a gorgeous new Dodge Charger R/T...triple black with blacked out windows and factory chrome wheels. The thing was gorgeous and bad ass. I thought it was awesome that the automakers were able bring the musclecar era back.

...but then I realized, after likely 5-6 years of R&D to make it a reality...here we were, back in the 70's and the government is going to kill our wet dream again. Can we keep musclecars and racing alive this time???

C'mon Pelosi...cut us some slack!!!

[Al Fernandez]

That's histerical JB

It is 1971 right now. The second year of the Barracuda/Challenger. The Charger has had a mean run but needs a fresh look. The Mustang is getting sleeker and more edge shaped. Camaro is out the door with a completely new car. :shock:

The writing is on the wall. The roof is caving in. Cant wait to see the four cyl S197-II. We got to live through an automotive renaissance, but we can look forward to a couple of decades of boring to outright pathetic new cars.

[AI#97]

That's histerical JB

It is 1971 right now. The second year of the Barracuda/Challenger. The Charger has had a mean run but needs a fresh look. The Mustang is getting sleeker and more edge shaped. Camaro is out the door with a completely new car. :shock:

The writing is on the wall. The roof is caving in. Cant wait to see the four cyl S197-II. We got to live through an automotive renaissance, but we can look forward to a couple of decades of boring to outright pathetic new cars.

Al, 2011 Mustang is supposed to have the 6.0L Coyote motor available...400/400 at the crank. I think I might have to look into that but the badass thing will be is that will be a direct drop in crate AI motor for most every mustang. No more mega buck motors!

[Al Fernandez]

Hey, I said its 1971, not 1974 :lol: You've got some time to buy a few cars that were in the pipeline too close to the end to shit can. They'll have a short life span though, so dont wait too long...