MUNICH, Germany-Responding to increased criticism of executive compensation rates, German automaker BMW plans to tie managers’ salaries to those of assembly-line workers. It would be the first German manufacturer to do so. MORE
DETROIT-Analyst: Ford workers who rejected the company’s
proposed new contract don’t seem to understand that the company’s position
remains a precarious one. MORE
LONDON-British car manufacturer Axon Automotive has unveiled out a new
plug-in hybrid electric vehicle that runs on full electric mode in the city and
uses gas or bioethonol for longer journeys. MORE
WEST POINT, GA-The newly completed Kia Motors plant in West Point is open for business. Production began at 7:30 a.m. Friday on the first road-ready crossover vehicle. The first shiny new Sorento will be displayed in the factory’s lobby. MORE
WILMINGTON, DE-Vice President Joe Biden plans to visit a closed General Motors plant here on Tuesday. The California-based venture capital firm Fisker Automotive Inc. has reached a deal to buy the plant and plans to use it to assemble plug-in hybrid electric cars. MORE
SEATTLE-As Boeing debates whether to locate a second 787 assembly line in Everett, WA, or North Charleston, SC, company officials are negotiating with the Machinists union on a new contract with a no-strike clause. The company wants a no-strike clause for 10 years, possibly more, effectively precluding any strike until 2019 at the earliest. MORE
WINSTON-SALEM, NC-Dell Inc., which plans to close its assembly plant here, confirmed in writing to the city Thursday that it will pay back $26.5 million in local incentives used to lure the company to Forsyth County. MORE
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