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GM, LG Chem Form Joint Venture To Build Batteries

General Motors and battery supplier LG Chem are taking their long-standing relationship a step further with the formation of a new joint venture company. This new JV will aid the automaker in building electric vehicles, starting with a new battery cell production site.  The partnership's first manufacturing facility will be at a greenfield site near Lordstown, Ohio, a community that…

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Fiat Chrysler, UAW Reach Tentative Deal

Fiat Chrysler Automobiles and the United Auto Workers union have reached a tentative collective bargaining deal. Both sides have confirmed the deal, which is coming amid significant turmoil for both parties.  The deal reportedly includes a $4.5 billion investment commitment from FCA, which translates into 7,900 UAW jobs over the course of the four-year deal. The $4.5 billion pledge is…

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Fiat Chrysler, PSA Group Agree to Merger

Fiat Chrysler Automobiles and PSA Group have announced plans for a merger of equals between the two automakers. The proposed deal will create the world's fourth largest automaker; bringing iconic brands such as Jeep and Peugeot together, under one roof.  The automakers are valuing the deal at $48 billion and calling it a 50/50 merger. The merged entity will sell about…

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PSA Groupe, Fiat Chrysler Confirm Merger Talks

It wasn't long ago Fiat Chrysler was in talks with Renault regarding a potential merger, but that isn't stopping FCA from courting someone else. Both FCA and French automaker PSA Groupe have confirmed the two automakers are currently engaged in merger talks.  The confirmation came from both parties after recent reports suggested the two were interested in potentially merging. Talks…

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GM, UAW Reach Tentative Deal

General Motors and the United Auto Workers union have reached a tentative deal after a 31-day labor strike. Details of the deal have yet to be released, but union officials are claiming some "big wins" for the members.  Both GM and the union have issued official statements confirming the deal, but neither have offered any details. Some sources are suggesting…

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GM, UAW Close To Strike-Ending Deal

General Motors and the United Auto Workers union are reportedly close to a deal. The deal would end a 30-day strike by the UAW's membership and comes as GM CEO Mary Barra and President Mark Reuss reportedly joined the negotiation process earlier this week.  A report by Reuters states the two parties had reached an agreement on most of the large issues…

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Volkswagen Denies Report It May Spin Off Lamborghini

Volkswagen Group is denying reports it plans to sell or spin off Lamborghini into its own company. The denial comes after reports surfaced over the weekend suggesting the German automaker was making moves to craft Lamborghini into its own legal entity.  Bloomberg first broke the news over the weekend, reporting that VW was planning to either sell the Lamborghini brand or…

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GM CEO Mary Barra Meets With Union Leadership

General Motors CEO Mary Barra has now involved herself in negotiations between the automaker and the United Auto Workers union. The chief executive met with union leadership to attempt to nudge talks along as one of the longest strike's in over 30 years wages on.  Barra met with UAW President Gary Jones and senior union negotiator Terry Dittes on Wednesday at GM…

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