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GM Plans To Freeze Salaried Workers' Pensions

GM Plans To Freeze Salaried Workers' Pensions

By Jeff Karoub DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses, officials have announced. The Detroit-based automaker said roughly 19,000 salaried... Read More »

U.S. Auto Plants Continue To Add Jobs As Manufacturing Revival Rolls On

U.S. Auto Plants Continue To Add Jobs As Manufacturing Revival Rolls On

For U.S. automakers, 2011 was a comeback year. General Motors Co., Ford Motor Co. and Chrysler Group not only sold more vehicles than they did in the previous year, they also continued to add jobs, contributing to a revival in manufacturing within an industry that was but given up for lost. The latest... Read More »

Ford May Add 10,000 U.S. Jobs, Move Fusion Production North

Ford May Add 10,000 U.S. Jobs, Move Fusion Production North

The Detroit Three have been steadily adding jobs in recent years as the nascent economic recovery has struggled to gain a foothold. Now, with negotiations underway with the United Auto Workers for a new four-year contract, reports have surfaced that Ford Motor is seeking to add up to 10,000 jobs in the U.S.,... Read More »

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