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Search resuls for: "David Shepardsond"


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Ford CEO says UAW proposal could force bankruptcy
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
Ford Motor President and CEO Jim Farley attends the press day of the North American International Auto Show in Detroit, Michigan, U.S. September 13, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 14 (Reuters) - Ford Motor (F.N) Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add new pension benefits could bankrupt the company. "You want us to choose bankruptcy over supporting our workers," Farley, in a CNBC interview, said of the UAW proposal. Farley said if the UAW proposal had been in effect since 2019, instead of making about $30 billion in profits over four years, the company would have lost about $15 billion "and gone bankrupt by now." Reporting by David Shepardsond; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Jim Farley, Rebecca Cook, Farley, David Shepardsond, Jonathan Oatis Organizations: Ford Motor, North American, REUTERS, Ford, United Auto Workers, CNBC, UAW, Thomson Locations: Detroit , Michigan, U.S
WASHINGTON, June 12 (Reuters) - Leaders of the Senate Commerce Committee on Monday introduced a bipartisan aviation policy bill that would boost runway safety, track high-altitude balloons and prohibit airlines from charging fees for families to sit together. Senate Commerce Committee Chair Maria Cantwell, a Democrat, top Republican Ted Cruz and the aviation subcommittee leaders -- Senators Tammy Duckworth and Jerry Moran -- proposed a $107 billion five-year Federal Aviation Administration (FAA) reauthorization bill. The Senate bill "requires the FAA to increase runway safety by deploying the latest airport surface detection equipment and technologies." The Senate bill would ban family seating fees as does the House bill. The Senate bill would require refund request buttons at the top of their websites and double USDOT statutory civil penalties for aviation consumer violations from $25,000 to $50,000 per violation.
Persons: Maria Cantwell, Ted Cruz, Tammy Duckworth, Jerry Moran, Cantwell, Joe Biden's, Mark Kelly, David Shepardsond, Jonathan Oatis, David Gregorio Our Organizations: Senate, Democrat, Aviation Administration, FAA, Washington National Airport, National Transportation Safety Board, Transportation Department, airline, Airlines for, American Airlines, Delta Air Lines, United Airlines, U.S, Thomson Locations: Airlines for America
US Senate leaders unveil $107B aviation policy bill
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, June 12 (Reuters) - The leaders of the Senate Commerce Committee on Monday introduced a bipartisan aviation policy bill that would seek to boost runway safety, track high-altitude balloons and prohibit airlines from charging fees for families to sit together. Senate Commerce Committee Chair Maria Cantwell, top Republican Ted Cruz and the leaders of the aviation subcommittee proposed a $107 billion five-year Federal Aviation Administration reauthorization bill. The bill would make permanent a Transportation Department online dashboard to compare information about airlines and require the department to also create another dashboard that shows consumers minimum seat sizes for each U.S. airline. Reporting by David Shepardsond; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Maria Cantwell, Ted Cruz, David Shepardsond, Jonathan Oatis Organizations: Senate, Aviation Administration, Transportation Department, Thomson
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