City Detroit Financial News

“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

By David Shepardson

Automaker Stellantis has made a counteroffer to the United Auto Workers that includes wage increases in each year of a new four-year contract totaling 14.5%

Grammy Award nominee Natalie Grant got the honor of singing the national anthem at Arrowhead Stadium on Thursday before the Kansas City Chiefs vs. Detroit Lions game kicked off. Grant is a Christian recording artist, she has been nominated for Grammy Awards eight times. She got her first nomination in 2012. In the recent past, she was nominated for «Best Gospel Performance/Song» in 2020.

wage hike and two additional 3% annual lump sum payments over four years in its offer to the union ahead of the Sept. 14 contract expiration. GM shares closed down 0.8% to $32.57.

NFL Network Insider Ian Rapoport stated that Kelce will miss tonight's 2023 NFL Kickoff Game against the Detroit Lions due to a knee injury he sustained earlier in the week. This development was further confirmed when he was listed among Kansas City's inactives.

The NFL's highly anticipated 2023 season is about to kick off, and it's doing so with a captivating showdown. The reigning Super Bowl champions, the Chiefs, are taking center stage in the opening game. This matchup holds extra significance as it provides the Chiefs with the opportunity to celebrate their Super Bowl victory with a banner-raising ceremony at Arrowhead Stadium, where they'll host the game. In an unexpected twist, the Detroit Lions are set to face off against the Chiefs in Week 1's prime-time slot. The Lions, despite a 9-8 record in the 2022 season, concluded the year impressively by winning eight of their final ten games. Notably, they secured a victory over the Packers in Week 18, preventing Green Bay from making the postseason. With their strong finish last season, the Lions are entering 2023 with elevated expectations. They're considered favorites to clinch the NFC North and are anticipated to field a potent offense. It's no surprise that they were chosen to go head-to-head with the Chiefs, setting the stage for what could be a high-scoring thriller to kick off the NFL season.

The newly rebranded Osaic Inc. said Thursday that it nabbed a team of financial advisors formerly with Wells Fargo Advisors Financial Network that manages $600 million in client assets.

General Motors made its first wage-and-benefit offer to the United Auto Workers that falls far short of the union’s initial demands

General Motors delivered a counteroffer to the United Auto Workers union Thursday that shows the sides remain far apart on pay and other benefits, one week out from a strike deadline. The Detroit carmaker offered a 10% wage increase among other benefits, far short of the UAW’s demand of at least a 40% wage hike. The offer follows a similar one from Ford Motor last week, which called for a 9% wage increase.

The head of the United Auto Workers warned that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week

By Nandita Bose and David Shepardson

The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people

A 46% pay raise

DETROIT (Reuters) — General Motors (NYSE:GM)' global head of manufacturing, Gerald Johnson, said in a video statement released on Tuesday the demands received from the United Auto Workers union have “significant costs attached that would threaten our ability to maintain our manufacturing momentum.”

A 46% pay raise

By Trevor Hunnicutt

Just when it is becoming easier to find a car, along comes another potential supply shock: a United Auto Workers strike. Labor Day this year comes at an unusually tense point in relations between U.S. vehicle assemblers and General Motors, Ford and Chrysler-owner Stellantis.

electric vehicle - as the German automaker seeks to replicate past successes to catch up with trailblazer Tesla. During the early 1960s, BMW was a struggling enterprise with an uncertain future, overshadowed by Volkswagen , Mercedes-Benz and the giants of Detroit.