Both sides stand to lose from GM strike

For those who believe General Motors Corp is in the midst of spectacular turnaround from its many woes, Monday's walkout by the United Auto Workers union was a dose of reality.

Stoppage could shut Canadian, Mexican plants

The strike at General Motors Corp will cause US production losses of 760 vehicles per hour and could shut the automaker's facilities in Canada and Mexico within three days, a leading industry analyst said.

Employees greet walkout with nervousness, stoicism

Members of the United Auto Workers union at General Motors Corp reacted with a mixture of nervousness, surprise and stoicism on Monday after their union called a strike against the top US automaker.

Talks offer glimmer of hope in dispute

The United Auto Workers' return to bargaining with General Motors Corp within hours of calling the first national strike against the automaker in 37 years may signal the union's desire for a quick end to the walkout.

Biz people

Spinetta may stay at the helm

Other news

Early departure

Business GM Strike

High and rising oil prices are bad news for dollar

Oil is up, the dollar down; and if the petroleum part of the relationship doesn't change significantly, which looks unlikely, nor probably will the currency piece.

Is VW ready to seal deal with Proton?

Volkswagen boss Martin Winterkorn will visit Malaysia in the next few weeks to conclude a deal between the German auto giant and state-owned carmaker Proton, according to a newspaper report.

Deutsche Boerse to profit from turmoil

Deutsche Boerse AG Chief Financial Officer Thomas Eichelmann said that he expects a "good" third quarter as market volatility stemming from the global credit crunch and the US subprime fallout boosts trading.

Women absent from many boardrooms

A leading group of international businesswomen called on the world's 200 biggest male-dominated companies to step up efforts to give women more leadership roles in large corporations.

Biz people

Fiat boss warns on strong euro