UAW says Jones has resigned as president

20 Nov

News of Gary Jones’ decision to resign came shortly after the UAW’s International Executive Board voted unanimously at an emergency meeting to seek the permanent removal of Jones and regional director Vance Pearson. The UAW confirmed his resignation on…

Magna cuts 2019 outlook after GM strike

8 Nov

Magna now expects total sales this year of between $38.7 billion and $39.8 billion, a reduction of $1.3 billion on the top end of the range. A strike by UAW workers at General Motors plants across the United States lasted 40 days, hitting suppliers.

Tenneco, citing GM strike, cuts 2019 outlook

31 Oct

Tenneco’s third-quarter profits and revenue rose sharply on higher commercial truck, off-highway and industrial sales, improved cash generation and cost savings. But the ride control and emissions systems supplier cut its 2019 outlook as a result of th…