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UAW turns its focus to Fiat Chrysler, which may resist more than Ford did

DETROIT — The United Auto Workers union on Monday turned its bargaining focus to Fiat Chrysler, raising the possibility of another strike against a Detroit automaker. Ford workers ratified their contract Friday night, while the union settled with General Motors last month after a 40-day strike by 49,000 workers that shut down the companyÂ’s U.S. production. Ford, which has 55,000 UAW workers, mostly followed the pattern agreement set at GM. But industry analysts say the same deal will cost Fiat Chrysler a lot more money because of the makeup of its workforce. Fiat Chrysler CEO Mike Manley said recently that automakers are in “different conditions” in terms of labor forces, hinting the company may be reluctant to follow the pattern. The union, however, expects FCA to follow the template set by GM and Ford. “We look forward to bargaining a fair, balanced and patterned contract as FCA is a profitable company,” the UAW said in a statement. “You cannot brag about your earnings to Wall Street and at the same time ignore the sacrifice of your workforce that put you in that profitable position.” The deal with Ford and GM gives workers hired after 2007 pay raises so they reach top UAW production wages within four years. It also gives temporary workers a path to full-time jobs within three years. Workers hired after 2007 now are paid lower wages than workers hired before that, even though theyÂ’re doing the same jobs. Workers hired before 2007 get a mix of annual pay raises and lump sum payments. Fiat Chrysler has more workers hired after 2007, and a higher percentage of temporary workers than either Ford or GM. That means the terms of the contract would cost the company more money, said Kristin Dziczek, vice president of labor and manufacturing with the Center for Automotive Research, an industry think tank in Ann Arbor, Michigan. “They are looking at significant cost increases,” Dziczek said of FCA. She says a strike against FCA isnÂ’t out of the question, and depends on how willing the company is to follow the pattern set by Ford and GM. FCA said in a statement it welcomes bargaining toward a deal to keep investing in the companyÂ’s future and creating opportunities for employees and communities. Ford has about 18,500 workers hired after 2007 who will get big pay raises with the new contract, compared with GM's 17,000. But Fiat Chrysler has over 20,000 union employees hired after 2007.

Peugeot maker PSA posts record profits ahead of FCA merger

PARIS — Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA has trimmed costs in areas such as the procurement of components as it has integrated its acquisition of Opel and Vauxhall, boosting operating margins to 8.5% last year. The group, which also produces cars under the Citroen and DS brands, offset a slump in vehicle sales by selling pricier SUV models, with launches including the Citroen C5 Aircross helping to lift revenues by a higher-than-expected 1% to $81.2 billion (74.7 billion euros). That helped it stand out in a car market where some rivals including France's Renault have struggled with sliding revenues and profits, amid a broader downturn in demand. PSA's group net profit increased 13.2% to a record 3.2 billion euros, and the company increased its dividend against 2019 results to 1.23 euros per share, up 58% from 2018 levels. The carmaker was "once again very solid", analysts at brokerage Oddo-BHF said in a note, adding the results confirmed the company's "best-in-class status." However PSA forecast a 3% contraction in Europe's car market this year, by far its biggest market. The tie-up with Fiat Chrysler will help it gain exposure to that group's strong presence in North America with brands like Jeep. The two companies struck a deal in December to create the world's No.4 carmaker, to better cope with market turmoil and the cost of making less-polluting vehicles. Fiat also posted more upbeat results than most rivals this year. CORONAVIRUS WEIGHS PSA boss Carlos Tavares told a news conference that the two groups were both in good shape and well placed to face market challenges together. He said he did not expect any major regulatory hurdles to the merger, adding it had so far submitted 14 approval requests to competition authorities out of the 24 it needs. There are no immediate plans to change anything in the large portfolio of brands within the combined group, he added. However the companies still face problems this year, including the coronavirus outbreak which has paralyzed production in China and hits carmakers' supply chain. PSA said the coronavirus impact was still difficult to assess. It factories in Wuhan, at the epicenter of the outbreak, are due to reopen in the second week of March.

Junkyard Gem: 1981 Fiat Spider 2000

Fiat gave up on the American market after 1982, not returning until nearly three decades later, but dealers here still had brand-new 124 Sport Spiders available all the way to the end. Starting in the 1979 model year, this car became known as the Spider 2000; that's what we've got as today's Junkyard Gem, spotted in a Denver-area self-service yard last month. The 124 Sport Spider made its debut in 1966. Since it was built on the same platform as the 124 sedan, it is thus cousin to the original VAZ-2101 Lada. I've always liked the trunk lock that hides in the final zero of the engine-displacement badge. The 124 Sport Spider sold very well in the United States during the 1970s (in fact, this car was available only in the North American market during the latter half of that decade), and I've found quite a few examples during my junkyard travels over the years. After Fiat departed our shores in 1982, Malcolm Bricklin continued selling these cars (with Pininfarina Azzurra badging) through 1985. This one is in much nicer condition than any 124 Sport Spider I've seen in many years, maybe stretching back to the era when you could still buy these cars new. There's fairly recent body-straightening work, suggesting that someone undertook a restoration effort. This may even be a new-ish convertible top. Power came from this Fiat Twin Cam engine, rated at 102 horsepower in 1981. The 124 Sport Spider's long-term rival in the American market, the MGB, had its last model year in 1980, with the Triumph Spitfire departing at the same time. That left the much more expensive ($14,895 versus $9,899, or $49,500 and $32,895 in 2022 dollars) Alfa Romeo Spider Veloce as the Fiat Spider 2000's primary competitor for the ever-shrinking two-seat convertible market. A five-speed manual came as the default transmission in this car, though a GM-sourced three-speed automatic was available at a cost of 520 bucks (about $1,730 today). I have seen exactly one slushbox-equipped 124 Sport Spider in my life. This is one of the coolest-looking shift-pattern labels in automotive history. The EX. GAS SENSOR warning light was used to warn of an overheating catalytic converter. I like to use these Fiat indicator lights for various projects, though they have become rare in recent decades. At least I'll never run out of early-1970s FASTEN SEAT BELT lights! So, if you're looking for a vintage sports-car project, be sure to consider the Fiat 124 Sport Spider.