DIRS.INFO The most relevant business & tech news

☆ 'Too early to judge': Global carmakers contend with closure at busiest U.S. autos port
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.

Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia

☆ For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV
▼ + stars: | 2024-03-03 | by ( Bob Woods | ) www.cnbc.com time to read: +6 min

Mack Trucks, founded in Brooklyn, New York, in 1900, is renowned for its 18-wheelers, diesel-powered big rigs with a trademark bulldog mounted on the hood. Purchase-making decisions are distinct for consumer and commercial markets, a difference reflected in last year's EV sales results within both sectors and outlooks for future growth. EV sales increased year over year by 40% in the fourth quarter, yet were down from 49% in the third quarter. Cox expects this year's EV sales to reach 1.5 million, about 36% higher than last year. Eighty EV truck deployments were cataloged in 2020, and those deployments jumped to 1,948 in 2022.

Persons: Mack Trucks, Mack, Jonathan Randall, Kelley, Cox, Tesla, EVs, Randall, BEV, Ann Rundle, Rundle Organizations: Mack Trucks North, Sweden's Volvo Group, Volvo Trucks, Volvo, U.S, EV, Ford, GM, EDF, American Truck Dealers Association, ACT Research, ICE Locations: Brooklyn , New York, —, New York City, Miami , Florida, Mack Trucks North America, Greensboro , North Carolina, Paris, U.S, United States

☆ Volvo Group aiming for 100% fossil-free solutions by 2040, CTO says
▼ + stars: | 2023-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolvo Group aiming for 100% fossil-free solutions by 2040, CTO saysLars Stenqvist, chief technology officer at Volvo Group, says that the transport system should be free of fossil fuels.

Persons: Lars Stenqvist Organizations: Volvo, Volvo Group

☆ UAW members ratify labor deal with Mack Trucks
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas Acquire Licensing RightsNov 16 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group (VOLVb.ST)-owned company. "After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements," the union said in a post on messaging platform X, previously known as Twitter. Mack Trucks said the new contract covered its employees at facilities in Pennsylvania, Maryland and Florida. Mack Trucks, which was bought by Volvo in 2000, is one of North America's largest makers of medium-duty and heavy-duty trucks.

Persons: Mack Trucks, Jose Cabezas, Maria Ponnezhath, Shubham Kalia, Mrinmay Dey, Gokul Pisharody, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Auto Workers, UAW, Mack, Volvo Group, Twitter, Detroit's Big, General Motors, Ford, Volvo, Thomson Locations: Mejicanos, El Salvador, Pennsylvania , Maryland, Florida, North, Bengaluru

☆ UAW workers at GM's Flint plant narrowly vote against new labor deal
▼ + stars: | 2023-11-10 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +2 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook Acquire Licensing RightsNov 10 (Reuters) - United Auto Workers (UAW) union members at General Motors' (GM.N) Flint assembly plant in Michigan have narrowly voted against a proposed contract with the U.S. automaker, the local chapter said. In a Facebook post on Thursday, the UAW Local 598 said 51.8% of votes cast were against the proposed deal. The vote signals that approval of the deal, which is set to raise costs significantly for GM, is not guaranteed. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), General Motors and Ford Motor (F.N), after the first coordinated strike against Detroit's Big Three automakers.

Persons: Rebecca Cook, Stellantis, Erik Gordon, Mack Trucks, Nathan Gomes, Shivansh, Sriraj Organizations: General Motors, REUTERS, United Auto Workers, UAW, U.S ., GM, Workers, Chrysler, Ford, Detroit's Big, Silverado, Detroit Three, University of Michigan, Detroit, Honda, Volvo Group, Thomson Locations: Detroit , Michigan, U.S, Flint, Michigan, Bengaluru

☆ Mack Trucks says UAW demands unrealistic, no new talks set
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: 1 min

The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas/File Photo Acquire Licensing RightsOct 26 (Reuters) - Volvo Group-owned (VOLVb.ST) Mack Trucks said Thursday the United Auto Workers' contract demands are unrealistic and that no new talks are scheduled after workers went on strike on Oct. 9, following their rejection of a proposed five-year contract. About 73% of the unit's 4,000 workers in Pennsylvania, Florida and Maryland voted against a tentative agreement that included a 19% pay raise that had been endorsed by UAW leaders. Mack Trucks said the UAW leadership's economic demands "continue to be unrealistic." Reporting by David Shepardson; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Mack Trucks, Jose Cabezas, David Shepardson, Tom Hogue Organizations: REUTERS, Volvo Group, United Auto Workers, UAW, Thomson Locations: Mejicanos, El Salvador, Pennsylvania, Florida, Maryland

☆ Canadian union Unifor strikes at GM after contract talks fail
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +3 min

GM was disappointed about being unable to reach a deal at this time but will continue to negotiate with Unifor, the automaker said in a statement. Unifor represents about 18,000 workers at the Canadian facilities of the Detroit Three automakers, which also include Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). Unifor last month ratified a new three-year contract with Ford that offered wage increases of up to 25% to more than 5,600 workers at its Canadian facilities. Unifor said last week that GM was "resisting" a number of important elements of its agreement with Ford. The union had chosen the company as its second bargaining target of the Detroit Three automakers after Ford.

Persons: Mark Blinch, Unifor, Lana Payne, Mack Trucks, Jason Gale, ” Unifor, Shivansh Tiwary, Jyoti Narayan, Christian Schmollinger, Jamie Freed Organizations: General Motors, REUTERS, General, North, Unifor, Detroit Three, Ford, Chrysler, United Auto Workers, UAW, Volvo Group, Detroit, Thomson Locations: Oshawa, St, Catharines, Woodstock, United States, Canada, Ontario, Bengaluru

☆ UAW workers strike Mack Trucks after rejecting contract
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 9 (Reuters) - Union workers at Volvo Group (VOLVb.ST)-owned Mack Trucks went on strike on Monday after overwhelmingly rejecting a proposed five-year contract, the United Auto Workers said, the latest tentative labor agreement to be voted down. In online forums, some Mack workers complained the raise was too small to keep up with inflation. Canadian workers at GM also face a contract talk deadline at midnight on Monday that could lead to another strike. Mack President Roy said the company "clearly demonstrated our commitment to good-faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council." "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Detroit's, Mack, Shawn Fain, Stephen Roy, GM's, Mack President Roy, Roy, Fain, Ford, David Shepardson, Abhijith, Arun Koyyur, Matthew Lewis, David Gregorio Our Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Detroit's Big, Unions, FedEx, Detroit Three, General Motors, Ford Motor, Chrysler, GM, Ford, International UAW, UAW Mack Truck Council, Volvo, Detroit, Deutsche Bank, Anderson Economic, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, Washington, Bengaluru

☆ UAW workers reject Mack Trucks contract, go on strike
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers - covering 4,000 workers in Pennsylvania, Florida and Maryland - voted against the deal, the UAW said. After Mack workers voted down the deal, the UAW sent a strike notice to the company saying "many topics" remain at issue, including wage increases, cost-of-living allowance, job security and wage progression. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Abhijith Ganapavaram, Jacqueline Wong, Jamie Freed, Michael Perry, Arun Koyyur Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, U.S, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States

☆ UAW workers reject Mack Trucks contract, will strike
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers voted against the deal covering 4,000 workers in Pennsylvania, Florida and Maryland, the UAW said. The proposed Mack deal had included a 19% pay hike, a $3,500 ratification bonus, improved retirement benefits, additional vacation for some employees and a reduction in the time needed to get to top pay. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "As you are aware, UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Jacqueline Wong, Jamie Freed, Michael Perry Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States

☆ UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
▼ + stars: | 2023-10-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

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. DETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after a majority of members rejected a tentative agreement reached last week by the union and company. The tentative agreement was voted down by 73% of UAW members who voted, the union said Sunday night. The Mack Trucks workers will add to tens of thousands of other striking UAW members, most notably more than 25,000 employees with General Motors , Ford Motor and Stellantis . Mack Trucks President Stephen Roy said the company is "surprised and disappointed that the UAW has chosen to strike, which we feel is unnecessary."

Persons: Mack Trucks, Shawn Fain, Mack, what's, Fain, Detroit autoworkers, Stephen Roy Organizations: UAW, DETROIT –, United Auto Workers, Workers, General Motors, Ford Motor, Detroit, Volvo Group, Detroit automakers, CNBC Locations: Chicago , Illinois, DETROIT, Pennsylvania , Maryland, Florida

New York CNN —The United Auto Workers (UAW) says its members have voted to reject a tentative agreement with Mack Trucks and will go on strike Monday. Stephen Roy, president of Mack Trucks, was quoted by Reuters as saying he was “surprised and disappointed” that the union had chosen to strike. CNN has reached out to Mack Trucks for comment. Mack Trucks is one of the major US makers of heavy duty and medium duty trucks, with deliveries of 27,000 in 2022 and 16,000 for the first half of 2023. Rejecting dealsIt has become more common in recent years for rank-and-file union members to vote down tentative labor agreements reached by their union leadership.

Persons: Mack Trucks, “ I’m, Mack, Shawn Fain, Stephen Roy, ”, China’s Geely, Fain, Joe Biden, John Deere Organizations: New, New York CNN, United Auto Workers, UAW, Twitter, Reuters, International UAW, UAW Mack Truck Council, CNN, Sweden’s Volvo Group, Volvo, Big Three, —, Motors, Ford, Jeep, Dodge, Chrysler, FedEx, Mack, Cornell University School of Industrial and Labor Relations, Kaiser Permanente Locations: New York

☆ UAW Mack Trucks deal could be a test for worker demands amid Detroit automaker negotiations
▼ + stars: | 2023-10-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Mack Trucks and UAW announced the tentative agreement early Monday, followed by releasing "highlights" of the deal later in the week to members. Neither UAW nor Mack Trucks have publicly released the tentative contract ahead of employee meetings to detail the agreement and voting this weekend. Another Mack Trucks worker descried the deal as "disgraceful" and an "insult" compared to their expectations and what's currently being negotiated by UAW international leaders with the Detroit automakers, also known as the Big Three. "They are just pushing this [tentative agreement] through so they don't have to deal with us while the Big Three are negotiating." United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.

Persons: Rebecca Cook, Mack Trucks, Shawn Fain, Mack, They've, it's, Fain, what's Organizations: United Auto Workers, General Motors Lansing Delta Plant, Reuters DETROIT — United Auto Workers, Volvo Group, Detroit automakers, UAW, General Motors, Ford Motor, Lehigh Valley Operations, CNBC, Detroit Locations: Delta Township , Michigan, Pennsylvania

☆ UAW workers to get 19% wage hike under Mack Trucks contract deal
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: 1 min

Companies Volvo AB FollowOct 5 (Reuters) - Workers will receive a 19% pay hike over five years under an agreement with Volvo Group-owned Mack Trucks and the United Auto Workers, according to a summary of the tentative agreement seen by Reuters. Workers must still ratify the agreement covering 4,000 hourly workers that includes a $3,500 ratification bonus, improved retirement benefits, additional vacation and a reduction in the time needed to get to top pay. The agreement includes an immediate 10% pay hike upon ratification. Reporting by David Shepardson; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Mack Trucks, David Shepardson, Chizu Organizations: Volvo, Workers, Volvo Group, United Auto Workers, Reuters, Thomson

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsDETROIT, Oct 5 (Reuters) - General Motors (GM.N) said on Thursday it had made a counteroffer to the United Auto Workers (UAW) in a bid to end a strike by the union against the U.S. automaker. Separately, UAW President Shawn Fain plans an update on the status of the talks with the Detroit Three automakers at 2 p.m. EDT (1800 GMT) on Friday in the three-week-old strike. The first-ever targeted strike against the Detroit Three automakers, including Ford (F.N) and Stellantis (STLAM.MI), began on Sept. 15. The UAW said on Monday it presented a new contract offer to GM. In addition to Ford, talks with Chrysler parent Stellantis and have been active in recent days, sources said.

Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, Mack Trucks, David Shepardson, Ben Klayman, Joseph White, Chizu Nomiyama, Matthew Lewis Organizations: General Motors, REUTERS, Rights, United Auto Workers, UAW, U.S . automaker, Detroit Three, Ford, GM, Reuters, Chrysler, Detroit automakers, Wednesday, Volvo Group, Thomson Locations: Detroit , Michigan, U.S, Detroit

☆ Mack Trucks workers get 19% raise over 5 years in UAW contract
▼ + stars: | 2023-10-05 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

[1/2] Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 5 (Reuters) - Workers will receive a 19% pay hike over five years under an agreement with Volvo Group-owned Mack Trucks and the United Auto Workers, according to a summary of the tentative agreement seen by Reuters. The agreement includes an immediate 10% pay hike upon ratification. "The terms of this tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families," Mack President Stephen Roy said in a statement earlier this week. Mack, founded in 1900, is one of North America's largest manufacturers of medium-duty and heavy-duty trucks, engines and transmissions.

Persons: Rebecca Cook, Mack Trucks, Mack, Stephen Roy, David Shepardson, Chizu Nomiyama, David Gregorio Our Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, Workers, Volvo Group, Reuters, Volvo, Thomson Locations: Delta Township, Michigan, North America's

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

UAW President Shawn Fain has transformed the rituals of contract talks with General Motors(GM.N), Ford(F.N) and Chrysler parent Stellantis (STLAM.MI) into a high-stakes, made-for-media game. GM and Ford said Monday they were indefinitely laying off another 500 workers at four Midwestern plants, citing the impact of the walkouts. Analysts looking ahead to third-quarter financial results this month are starting to reckon the costs of what the UAW calls "Stand up strikes." Ford plans four EV battery plants in the U.S. - three under joint ventures with South Korean battery maker SK On(096770.KS). GM's joint venture battery plants also have separate status and GM has declined to include them in negotiations.

Persons: Shawn Fain, Mack Trucks, Ford, JP Morgan, Fain, Harley Shaiken, Mary Barra, Jim Farley, Farley, CATL, GM's, . Company bargainers, Joseph White, Ben Klayman, David Shepardson, David Gregorio Our Organizations: DETROIT, United Auto Workers, Detroit Three, UAW, General Motors, Ford, Chrysler, Volvo Group, GM, Chevrolet, University of California Berkley, automaker's, automaker's Michigan Assembly, SK, . Company, ”, Thomson Locations: Escalade, automaker's Michigan, U.S, Korean, Marshall , Michigan

☆ GM, Ford furlough another 500 workers due to UAW strike
▼ + stars: | 2023-10-02 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 2 (Reuters) - General Motors (GM.N) and Ford Motor (F.N) on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day. Ford said last month it temporarily laid off about 600 workers at a Michigan auto plant because of the strike. UAW President Shawn Fain on Friday expanded the first-ever simultaneous strike against the Detroit Three to a GM Lansing, Michigan plant and a Ford Chicago assembly plant, but Stellantis was spared after last-minute concessions. The GM and Ford CEOs on Friday blasted the UAW, hours after the union escalated the strike.

Persons: Rebecca Cook, Ford, GM's, Stellantis, Shawn Fain, Mack Trucks, David Shepardson, Bernadette Baum, David Gregorio, Bill Berkrot Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, General Motors, Ford, GM, Chrysler, Ohio Metal Center, Marion , Indiana Metal Center, Buick Enclave, Chevrolet Traverse, Detroit, Volvo, JPMorgan, Anderson Economic Group, Thomson Locations: Delta Township, Michigan, Chicago, Lima , Ohio, Parma, Marion ,, GM's Lansing Delta, GM's Missouri, Fairfax , Kansas, Ohio, Indiana, Lansing , Michigan, Ford Chicago

☆ UAW workers and Mack Trucks reach deal to avoid strike
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File photo Acquire Licensing RightsOct 2 (Reuters) - About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just before Sunday at midnight ET (0400 GMT), the union and the company both said. “The terms of this tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families,” said Mack President Stephen Roy, in a statement. The union announced the tentative deal on social media platform X, formerly known as Twitter. The deal must still be ratified by the UAW.

Persons: Joe Biden, Evelyn Hockstein, Mack Trucks, Mack, ”, Stephen Roy, Jahnavi, Krishna Chandra Organizations: United Auto Workers, UAW, REUTERS, Volvo Group, Twitter, Detroit, General Motors, Ford, Chrysler, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Bengaluru

☆ UAW workers at Volvo-owned Mack reach tentative agreement to avoid strike
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: 1 min

U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. REUTERS/Evelyn Hockstein/File photo Acquire Licensing RightsOct 1 (Reuters) - About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks on Sunday midnight, UAW said in a post on social media X, formerly known as Twitter. Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Evelyn Hockstein, Mack Trucks, Jahnavi, Krishna Chandra Organizations: United Auto Workers, UAW, REUTERS, Volvo Group, Twitter, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Bengaluru

New York CNN —An 11th-hour tentative contract agreement reached between Mack Trucks and the United Auto Workers union late Sunday narrowly averted a strike by 3,900 employees at the company. There are other UAW members on strike elsewhere also receiving the same strike benefit, including more than 1,000 members on strike at Blue Cross Blue Shield of Michigan. It last struck Mack Trucks in October of 2019, just after a six-week strike at GM. The walkouts began on September 15 and have since expanded to include more than 25,000 union members across the three companies. Mack Trucks is one of the major US makers of heavy duty and medium duty trucks, with deliveries of 27,000 in 2022, and 16,000 in for the first half of 2023.

Persons: Mack Trucks, Mack, China’s Geely Organizations: New, New York CNN, United Auto Workers, Sunday, ” UAW, Twitter, Big Three, UAW, of Michigan, Mack, GM, General Motors, Ford, Sweden’s Volvo Group, Volvo Locations: New York, Pennsylvania , Maryland, Florida

☆ Q&A With Volvo Group’s Karin Svensson
▼ + stars: | 2023-08-29 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +8 min

Karin Svensson, chief sustainability officer of Volvo Group. We were setting the new strategy for the Volvo group. The numbers of electric trucks we sell are still quite small, but it’s a huge increase. It’s really really important that we really decrease our emissions by 2030, so we have set interim targets for all our business areas. We are now [testing] fuel-cell electric trucks and expect to have an offer ready toward the second half of this decade.

Persons: Karin Svensson, can’t, Bo Hakansson, Svensson, ’, It’s, Rochelle Toplensky Organizations: Volvo, Volvo Group, Employees, Rochelle Locations: Swedish, Paris, Sweden, “

[1/4] President and CEO of AB Volvo Martin Lundstedt is seen on the day of the presentation of Volvo Group's Q2 2023 earnings report, in Gothenburg, Sweden, July 19, 2023. Adam Ihse/TT News Agency/via REUTERSCompanies Volvo AB FollowSTOCKHOLM, July 19 (Reuters) - Swedish truckmaker AB Volvo (VOLVb.ST) on Wednesday logged a better-than-expected 57% jump in second-quarter adjusted operating profit, helped by price hikes. "We have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain," Chief Executive Martin Lundstedt said in a statement. Operating profit before restructuring charges and legal claims surged to 21.7 billion crowns ($2.1 billion), beating a Refinitiv consensus estimate of 18.4 billion crowns. Reporting by Marie Mannes; editing by Anna Ringstrom, Jason Neely and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Volvo Martin Lundstedt, Adam Ihse, Martin Lundstedt, Lundstedt, Marie Mannes, Anna Ringstrom, Jason Neely, Edwina Gibbs Organizations: Volvo, TT, Agency, REUTERS Companies Volvo, STOCKHOLM, truckmaker, JPMorgan, Thomson Locations: Gothenburg, Sweden, Europe, North America, Stockholm

☆ California, truck manufacturers strike deal on emissions rules
▼ + stars: | 2023-07-06 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] Tesla's new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File PhotoWASHINGTON, July 6 (Reuters) - California state air regulators and truck and engine manufacturers said on Thursday they had reached an agreement on state emissions rules that will give companies more flexibility to meet requirements. The California Air Resources Board (CARB) said the "Clean Truck Partnership" with the Truck and Engine Manufacturers Association (EMA) includes new flexibility for manufacturers to meet emissions requirements while reaching state goals for reducing emissions. Newsom said "today truck manufacturers join our urgent efforts to slash air pollution, showing the rest of the country that we can both cut dangerous pollution and build the economy of the future." California said Thursday it agreed to modify elements of the 2024 NOx emission regulations for which manufacturers will provide offsets to maintain California emission targets.

Persons: Gavin Newsom, Newsom, Jed Mandel, David Shepardson, David Gregorio Our Organizations: REUTERS, WASHINGTON, California Air Resources Board, Manufacturers Association, U.S . Environmental Protection Agency, Twitter, Cummins, Daimler Truck North, Ford Motor, General Motors, Hino Motors, Volvo Group North America, EPA, Thomson Locations: Hawthorne , California, U.S, Alexandria, California, CA

Search resuls for: "Volvo Group"

25 mentions found