The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker. Talks with FCA are expected to begin on Monday, a UAW spokesman said. The union said 56.3% of Ford’s hourly workers voted to approve the deal, which allowed the company to avoid a strike like the one that cost its larger rival General Motors Co about $3 billion (£2.3 billion).
The U.S. Justice Department has issued civil subpoenas to four major automakers, demanding that they disclose details on a deal struck with California in July to follow strict vehicle emissions standards, a source briefed on the matter said on Thursday. The Justice Department is carrying out an antitrust investigation into the voluntary agreement. It comes against a growing number of fights between the Republican White House and California on a number of fronts, including numerous environmenta
All cars depreciate, but some vehicles lose value a lot faster than others. Here are the 10 automobiles with the worst depreciation after 5 years.