Tue, 12 Nov 2024 17:21:25 GMT (1731432085673)
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5 years ago
UAW bolsters financial controls after embezzlement scandalThe United Auto Workers union has replaced its auditing firm, added four internal auditors and has hired a big accounting firm to study its financial controls in an effort to prevent embezzlement and bribery discovered in a federal probe of...
5 years ago
How GM ended up suing its crosstown rivalAutomakers sue each other on occasion, but no one in Detroit can remember one accusing another of bribing union officials to get an unfair labor cost advantage. Yet that's what happened Wednesday when General Motors filed a federal racketeering lawsuit...
6 years ago
General Motors starting white-collar layoffs this weekGeneral Motors is starting to lay off about 4,300 white-collar workers worldwide this week. In November, the company said it wanted to cut 8,000 salaried and contract workers so it can raise profit margins and invest more in autonomous and...
6 years ago
Fiat Chrysler to pay around $650M in emissions cheating caseFiat Chrysler will pay more than $650 million to settle allegations that it cheated on emissions tests involving more than 104,000 Jeep SUVs and Ram pickup trucks, a person with the knowledge of the settlement told The Associated Press on...
6 years ago
Nissan's Ghosn: From auto industry icon to scandalA trailblazer and visionary in the auto industry, Carlos Ghosn is also a highflyer prone to excesses that may have helped bring on his surprise downfall as head of the world's best-selling auto group. Ghosn turned around France's Renault SA...
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