NEWS
Transportation   Auto  

GM strike ends, EV plans unveiled

The strike at General Motors (GM) ended today as United Automobile Workers (UAW) union members ratified a new collective bargaining agreement that includes plans to transition two idled facilities to electric vehicle production.

The work stoppage began on 16 September, halting operations at 33 GM manufacturing plants and 22 parts distribution warehouses and impacting suppliers, particularly of steel and aluminum components. About 48,000 workers participated in the strike, the longest for the automotive industry in 50 years, according to the UAW.

GM said it has planned $7.7bn of new investments in the US, including bringing an all-electric pick-up truck to its idled Detroit-Hamtramck assembly plant in Michigan. The facility, which used to produce the Buick LaCrosse and Chevrolet Volt, was idled in March.

GM also will move forward with plans to bring a battery cell production facility to the Mahoning Valley in Ohio, creating 1,000 manufacturing jobs.

It will also work toward selling its idled Lordstown, Ohio, complex to a new electric truck manufacturer called Lordstown Motor Corp. Lordstown had produced the Chevrolet Cruze before being idled in March.

GM will also spend more than $4bn in vehicle programs and facility improvements across the US

The four-year deal, which was tentatively agreed to on 16 October, includes wage increases as well as retaining health care coverage and providing a clearer path for temporary workers to attain permanent positions.

News No: 6992
Date: 2019/10/25 - 19:06
News Source: Argus Media

GM  EV  UAW  transition  US 

Comments:

Leave a Comment:

   
   
   
 

Iran, Iraq discuss expanding transport cooperation

Iranian Transport and Urban Development Minister Mohammad Eslami discussed expansion of transportation cooperation with his Iraqi counterpart over the phone, IRIB reported.
 

NIDC digs 23 oil, gas wells in 2 months

National Iranian Drilling Company (NIDC) dug and completed digging operation of 23 oil and gas wells during the first two months of the current Iranian calendar year (March 20-April 19), the company’s director for consolidated planning announced.
 

IFX climbs 29% in a month

IFX, the main index of Iran’s over-the-counter (OTC) market known as Iran Fara Bourse (IFB), rose 29 percent in the second Iranian calendar month of Ordibehesht (April 20-May 20), Tasnim news agency reported.
 

Iran-Amirkabir drilling platform goes operational after 4 years

Iran’s Khazar Exploration and Production Company (KEPCO) has successfully put Iran-Amirkabir drilling platform into operation after four years, despite the U.S. sanctions.
 

IMIDRO Increases R&D Budget to $1.3m

The Iranian Mines and Mining Industries Development and Renovation Organization has increased its research and development budget from 170 billion rials ($963,172) in the last fiscal year (March 2019-20) to 230 billion rials ($1.3 million) this year
 

1,500 idle SMEs to be revived by Mar. 2021

As announced by the deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO), some 1,500 idle small and medium-sized enterprises (SMEs) are planned to be revived throughout the country by the end of the current Iranian calendar year (March 20, 2021), IRNA reported.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners