In a smaller move than in past months, the Federal Reserve cut a key interest rate by a quarter percentage point Wednesday in what could be the last in a line of reductions aimed at boosting an economy hit hard…
After announcing record annual losses Tuesday, General Motors said that it would offer buyouts for all 74,000 of its union employees -- allowing GM to hire lower-wage workers -- to help reduce costs. New York Times business reporter Micheline Maynard…
By Admin, PBS NewsHour
In an effort to stave off record losses, General Motors Corp. announced Tuesday it was offering a new round of buyouts to all 74,000 of its U.S. hourly workers represented by the United Auto Workers.
More than 30,000 auto workers at Chrysler went on strike Wednesday morning, but their union reached a settlement with the automaker by the end of the day. Washington Post automotive columnist Warren Brown provides an update.
The United Auto Workers union and General Motors reached a tentative agreement on Wednesday that includes a health care trust fund for retirees. A journalist based in Detroit explains the ramifications of the deal.
By PBS NewsHour
The United Auto Workers union ended its two-day strike on General Motors early Wednesday with a tentative deal that includes a health care plan funded by GM but managed by the union.
United Auto Workers union-represented employees walked out of General Motors plants Monday in the first nationwide strike against a U.S. automaker since 1976. Two experts recount the day's events and the walkout's impact.
Three major U.S. automakers, including General Motors, are negotiating with United Auto Workers on wages, pension plans and health care. Analysts talk about what the industry hopes to achieve.
By PBS NewsHour
Plagued by poor sales and an unprofitable year, Chrysler Group, the U.S. division of German company DaimlerChrysler, announced a restructuring plan Wednesday that aims to cut 16 percent of its worldwide workforce by 2009.
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