GM agrees to pay American Axle $200 million to end UAW strike

May8

may2008/tahoe.jpg

The UAW's strike at American Axle has slowed or idled at least 30 General Motors plants — including the automaker's most profitable truck and SUV plants — and it looks as though the U.S.' largest automaker has had enough. GM announced on Thursday that it has agreed to pay American Axle $200 million to cover its UAW buyouts.

In a filing released today, GM said the deal is "predicated upon an expedited resolution to the ongoing strike called by the International UAW against American Axle," according to Automotive News.

The UAW strike at American Axle has now lasted about 10 weeks a cost GM at least 15,000 sales. The strike has also forced GM to stop orders on certain full-size trucks and SUVs.




 


20 Comments

  1. very generous of GM

    Comment by mayer_ray_nagin, posted on May8 at 5:04 pm
  2. *golf claps*

    Comment by jumpoffit, posted on May8 at 5:40 pm
  3. Well, now that this is but a distant fart in the wind, who's up next for a game of 'let's f*ck GM'.

    Comment by johnnycanuck, posted on May8 at 6:04 pm
  4. Wonderful! Every day the UAW is striking one of the big threes suppliers. Who can blame them, It is only fair that the assembly line worker that stares intently at a machine while it attaches a C-clip to a shaft makes $47.50 an hour, plus four coffee breaks, and a full benefit package.

    Comment by Ketzer, posted on May8 at 6:37 pm
  5. ^That would be lower management, we make $26.68, you're welcome.

    Comment by 400horseSS, posted on May8 at 6:57 pm
  6. Sooner or later GM will dump every union and outsource everything. Day is coming soon.

    Comment by DeansterTJ, posted on May8 at 7:51 pm
  7. And I cant wait brotha, Bankruptcy is the shit.

    Comment by 400horseSS, posted on May8 at 8:29 pm
  8. That's bullshit

    Comment by Commodore, posted on May8 at 9:15 pm
  9. Those fools at GM played right into the UAW's hand. Surely they can take another $200 million in losses rather giving it to American Axle to give to a non-competitive contract. Short term pain is better than long term pain.

    Comment by cookie4me, posted on May8 at 9:16 pm
  10. 26.68 to stand there wow i need to work there

    Comment by bsimmons7, posted on May8 at 10:31 pm
  11. ^ Take a clue from HRR. You can make $50 an hour, tax-free, on your knees. Just you and someone's dick.

    Comment by DeansterTJ, posted on May9 at 7:22 am
  12. "^That would be lower management, we make $26.68, you're welcome."

    You think your benefits are free?

    Comment by i64X, posted on May9 at 8:14 am
  13. You are missing the bigger picture. Now the UAW has determined that if they strike at critical suppliers, the big 3 will open the checkbook.

    Comment by injunraiv, posted on May9 at 8:18 am
  14. Soon there will be no critical component made by UAW shops. Most of that work will be sourced in Mexico, China and India.

    On the other hand, with the weak dollar, the transplants will start to source more components from the states. These will be non-union plants in southern Indiana, Ohio, Tennessee and the south east.

    Comment by Fletch, posted on May9 at 8:44 am
  15. Wow, dicksterTugJob is insulting me for no reason. Your mother was great last night by the way tugger. I thought they were going to cut back production anyway so the strike would have faded out? Or was that another strike?

    Comment by HemiRoadRunner, posted on May9 at 8:48 am
  16. Oh yeah dicksterTugJob, Van Halen SUCKS! Or do you just get your rocks off watching David Lee Roth in his spandex do his little karate moves? You homo.

    Comment by HemiRoadRunner, posted on May9 at 8:52 am
  17. Fletch, don't forget Canada. When the CAW has a deal to make, they get it done three months early. No strikes here. Now if it were in Cape Breton, they would probably never get a car built, for the daily strikes.

    Comment by oldraven, posted on May9 at 3:34 pm
  18. Just you and the dick, HemiChoadLicker. Think about it - getting paid to do what you love! LOL!

    Comment by DeansterTJ, posted on May9 at 5:01 pm
  19. F*cking greedy UAW pigs. No wonder U.S. automakers can't make a decent profit with these leeches sucking them dry. :evil:

    Comment by 1c3d0g, posted on May9 at 6:01 pm
  20. Seriously i64X, nobody cares about total compensation just the hourly bring home $$$$.

    Comment by 400horseSS, posted on May11 at 11:26 am

Leave a comment

You must be logged in to post a comment.



Ford Truck Accessories
Find a great selection of Ford truck accessories at AutoTruckToys.com
Auto Loan
Request a Auto Loan from LendingTree.com
Car Rentals
For convenient car rental locations in the US, use Dollar Car Rental.
Insurance Quotes
Quote, compare and save! Free auto insurance quotes at Progressive.com
Auto Insurance
Unitrin Direct: Get an auto insurance quote & save up to $303 or more.
o