Ford to open new plant in Mexico: Reports

Ford is reportedly intending to start a new plant in Mexico with an aim to boost its production capacity of US plants. This move by the company reflects its rival General Motors' investment plan of $5 billion to multiply the production capacity in Mexico within 2018.

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Ford to invest $9B in US plants

As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.

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Mitsubishi Motors in US calls it a day

Japanese automobile major Mitsubishi Motors Corp has begun the process of closing down operations in the US. Mitsubishi had put on its sole US manufacturing unit on the block, but couldn't find a suitable buyer and decided to close the shop.

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Chrysler-UAW labor pact solves all the big problems except one

Fiat Chrysler Automobiles and the United Auto Workers union reached a new agreement regarding the company's health care and salary system including the 2-tier pay. The new term was discussed after some 40, 000 of the company's worker threaten to go for a strike that could potentially put the production on halt.

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Fiat Chrysler CEO skips auto show, continues talks with UAW

Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW). Marchionne was scheduled to address the media at the auto show on Tuesday.

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Reviving the Ranger will get Ford back to action

History does repeat itself. Ford will definitely bring back the Ranger to the U.S. and rebuild it later this decade. Ford Motors is planning to return to the midsize pickup truck market with a new-generation revival of its Ranger nameplate.

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UAW president calls GM share buyback proposal premature

United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co (GM.N) shares, told Reuters an investor group’s proposal that GM buy back $8 billion of its stock is premature, and the amount too high for the company’s long-term health.

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VW recognizes anti-UAW worker group ACE at Tennessee plant

Volkswagen AG (VOWG_p.DE) said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers.

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Fiat Technically Can Buyout IPO Shares in Chrysler Owned by VEBA

Fiat SpA can technically head off the Chrysler IPO through a buyout according to its CEO Sergio Marchionne.

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