UAW not in best interest of workers

By Terry Bowman and Justin Owen, timesfreepress.com

Over the last several decades, Tennessee has become a powerhouse of automotive manufacturing. With a strong market share of vehicle production, GM, Volkswagen and Nissan all show significant signs of growth. That is great news for Tennessee’s work force and state economy.

Auto Union Tells Tennessee Workers: It’s Bonus Time

By Neal Boudette, The Wall Street Journal

The United Auto Workers is trying to turn recent bonuses and pay increases for workers at Ford, GMGM -1.14% and Chrysler into pro-union votes the the Volkswagen plant here and other auto factories in the south.

UAW official: Leadership wants to eliminate 2-tier wage system

By Melissa Burden, Detroit News

A regional UAW official who has been nominated to an executive role with the union told reporters Monday that the UAW wants to eliminate the two-tier wage system which initially pays newer auto workers about half the hourly wages of veteran workers.

UAW’s gain is taxpayers’ loss

By James Sherk, Republican American

The Treasury Department has sold the last of its stock in General Motors Co. Even though taxpayers lost $15 billion on the auto bailout (including losses at Chrysler Group LLC and Ally Financial Inc., which offers financing for GM vehicles), the Obama administration put out a statement taking credit for its handling of tax dollars and the Detroit automakers’ success.

House panel to explore double standard in Delphi pensions

By Todd Spangler, Detroit Free Press

A congressional subcommittee will hold a hearing next week on a report looking at the role the U.S. Treasury played in General Motors’ decision to guarantee full pension benefits for UAW workers at Delphi while not doing the same for former salaried workers at GM’s former auto parts arm.

Treasury report offers no remedy for Delphi salaried retirees

By Todd Spangler, The Detroit News

An inspector general’s review of the 2009 rescue of General Motors stopped short of concluding that political pressure played a role in the Treasury’s agreement that the company ensure full pension benefits for UAW retirees at Delphi — GM’s former parts division — while not doing the same for former salaried workers.

Issa subpoenas Lew over Delphi pensions

By Vicki Needham, The Hill

A top House Republican subpoenaed Treasury Secretary Jack Lew on Friday to appear on Capitol Hill and discuss the panel’s investigation into the handling of pension funds during the bankruptcy and taxpayer bailout of General Motors.

The plunder of Delphi

By David Stockman, The Detroit News

Delphi Corp. was comprised of the former parts divisions — radiators, axles, lighting, interiors — that had been spun out of General Motors in the late 1990s by investment bankers claiming it would make GM look more “focused” and “manageable.”