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.
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.
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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