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The UAW's 'record contract' hinges on pensions, battery plants

DETROIT - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path to full-time, full-wage status. All three have proposed slashing the time it takes a new hire to get to the top UAW pay rate. The progress in contract talks follows the first-ever simultaneous strike by the UAW against Detroit's Big Three automakers. The union began the strike on Sept. 15 in hopes of forcing a better deal from each major automaker. But coming close to a deal is not the same thing as reaching a deal. Big obstacles remain on at least two major UAW demands: restoring the retirement security provided by pre-2007 defined benefit pension plans, and covering present and future joint- venture electric vehicle battery plants under the union's master contracts with the automakers. On retirement, none of the automakers has agreed to restore pre-2007 defined-benefit pension plans for workers hired after 2007. Doing so could force the automakers to again burden their balance sheets with multibillion-dollar liabilities. GM and the former Chrysler unloaded most of those liabilities in their 2009 bankruptcies. The union and automakers have explored an approach to providing more income security by offering annuities as an investment option in their company-sponsored 401(k) savings plans, people familiar with the discussions said. Stellantis referred to an annuity option as part of a more generous 401(k) proposal on Sept. 22. Annuities or similar instruments could give UAW retirees assurance of fixed, predictable payouts less dependent on stock market ups and downs, experts said. Recent changes in federal law have removed obstacles to including annuities as a feature of corporate 401(k) plans, said Olivia Mitchell, a professor at the University of Pennsylvania Wharton School and an expert on pensions and retirement. "Retirees want a way to be assured they won't run out of money," Mitchell said.

Cadillac SRX and Saab 9-4X recalled for suspension defect

General Motors has recalled 380,498 vehicles due to rear suspension toe link adjusters that may not have been tightened properly, which could result in a loose toe link. The vehicles affected by the recall are Cadillac SRX crossovers built between 2010 and 2016, and Saab 9-4X crossovers built in 2011 and 2012. A loose toe link could cause instability while driving, especially at highway speeds. This recall follows up an investigation by the National Highway Traffic Safety Administration after it received complaints from SRX drivers of uncontrolled swaying while driving. According to the agency, two incidents led to a crash. It's possible that improper procedures for tightening a toe link nut during four-wheel alignments may have resulted in corrosion and thread wear on the adjustable portion of the link. Owners of affected vehicles are advised to park their crossovers if they experience certain Malfunction Indicator Lamp warnings on the dashboard or if they feel unusual steering behavior while driving. According to the official NHTSA recall notice, dealers will replace the adjustable toe link with a non-adjustable one at no charge. Letters are expected to be mailed to owners of affected vehicles on August 9, 2021. Alternatively, owners can call Cadillac customer service at 1-800-458-8006 or Saab customer service at 1-800-955-9007 and reference recall number N212340980. This is the second time many of these vehicles have been recalled for problems with the rear toe links. Back in September of 2014, GM announced that it would recall 290,241 vehicles that included SRX and 9-4X models because a "nut in the rear suspension toe adjuster link may not be torqued to the proper specification." 

Corvette's Performance Data Recorder headed to other cars, will Cadillac ATS-V be first?

For 2015, the Chevrolet Corvette Stingray gained a novel piece of high-performance technology: The Performance Data Recorder. This trick system combines video from a front-mounted camera with in-car data and GPS information to help drivers record and study their lap times, complete with data overlays. While it's a clever tool for track days, it's also finding popularity as a built-in dash cam of sorts. To this point, the technology has been a Corvette exclusive, but General Motors' executive vice president of global product development, Mark Reuss, has confirmed to Autoblog that it will soon be available in other vehicles.
At a media luncheon on Thursday, we asked whether GM was keen to expand usage of the technology to other models, and if we could expect to see something soon. Reuss coyly replied, "What's soon?" When we suggested the 2016 Cadillac ATS-V (which is scheduled to debut at next week's LA Auto Show), he replied, "There will be other uses, and it won't be that far away. How's that?"
Certainly not an outright confirmation, but we wouldn't be at all surprised to see the next high-po Cadillac roll under the klieg lights at the Los Angeles Convention Center next Wednesday brandishing more than just 450 horsepower.