Detroit

GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes – Lifotravel

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GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes

General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated … Read more

Here’s why the UAW’s record deals with GM, Ford and Stellantis aren’t getting full support – Lifotravel

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Here's why the UAW's record deals with GM, Ford and Stellantis aren't getting full support

UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois.  Jim Vondruska | Getty Images DETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of … Read more

Suspect released in fatal stabbing of Detroit synagogue leader – Times of India – Lifotravel

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Suspect released in fatal stabbing of Detroit synagogue leader - Times of India

DETROIT: A suspect who was in custody in the investigation of the fatal stabbing of a Detroit synagogue leader has been released, a lawyer said Saturday. Allison Kriger declined to comment further to The Associated Press beyond saying the suspect was free. The Detroit Free Press said the suspect was a man.No charges have been … Read more

GM, UAW may be nearing a labor deal after marathon negotiating session – Lifotravel

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GM, UAW may be nearing a labor deal after marathon negotiating session

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar … Read more

Ford is set to report earnings on the heels of its tentative deal with the UAW – Lifotravel

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Ford is set to report earnings on the heels of its tentative deal with the UAW

 2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue: $41.22 billion Those results would be increases of more than … Read more

Ford, UAW negotiators reach labor deal, pending union leadership approval – Lifotravel

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Ford, UAW negotiators reach labor deal, pending union leadership approval

United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in … Read more

GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs – Lifotravel

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GM, Honda scrap plans to co-develop 'affordable' sub-$30,000 EVs

The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies. Honda DETROIT – General Motors and Honda Motor have canceled plans to jointly develop affordable electric vehicles as they face slower-than-expected demand and changing market conditions. The unwinding of the tie-up roughly … Read more

UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings – Lifotravel

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UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings

DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The Tuesday strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces the Cadillac … Read more

No Evidence Of Hate Crime, Police Say As Slain Detroit Synagogue President Mourned As Devoted Leader – Lifotravel

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No Evidence Of Hate Crime, Police Say As Slain Detroit Synagogue President Mourned As Devoted Leader

A Detroit synagogue president who was fatally stabbed at her home was remembered Sunday by family, friends and top Michigan officials as a generous, thoughtful leader who built bridges between communities. As mourners gathered to pay respects to Samantha Woll, police said their ongoing investigation of her killing found no evidence of antisemitism as a … Read more

A Detroit Synagogue President Was Fatally Stabbed Outside Her Home. Police Don’t Have A Motive. – Lifotravel

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A Detroit Synagogue President Was Fatally Stabbed Outside Her Home. Police Don't Have A Motive.

DETROIT (AP) — A Detroit synagogue president was found stabbed to death outside her home Saturday, police said. The motive wasn’t known. Emergency medical personnel declared the woman, identified in a statement from Mayor Mike Duggan as Samantha Woll, dead at the scene, Cpl. Dan Donakowski said. “While at the scene, police officers observed a … Read more