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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.

Stop-start standard in four-cylinder 2015 Chevrolet Impala

Chevrolet has announced that it will include stop-start technology as standard in the entry level 2015 Impala. The result is a nearly five-percent improvement in city fuel economy, also known as one mile per gallon, up to 25 mpg, combined. The 3.6-liter V-6 Impala will not feature stop-start. The 2015 Impala comes equipped with Chevrolet's 2.5-liter Ecotec four-cylinder engine, which will also offer 22 mpg in the city, and 31 on the highway. The 3.6-liter V-6 Impala will not feature stop-start and the mild-hybrid eAssist model from the 2014 MY, which got 29/25/35 combined/city/highway mpg, has been discontinued. Chevrolet spokesman Chad Lyons told Green Car Reports that not even one percent of the 2014 Impalas purchased were the Eco model. So Chevy is trying something different. With a seamless driving experience in mind, the new Impala's stop-start tech features software that governs under what conditions the feature will activate. The engine won't shut off if the car has not reached a speed of six miles per hour, so the start-stop won't be cycling during traffic jams. It can also fire the starter even if the engine has not come to a full stop, which quickens reaction time, particularly in instances of what Chevrolet calls "change-of-mind events." The stop-start function uses information about cabin temperature and humidity as well as battery charge to help determine whether or not to shut off the engine. The 2015 Impala has been engineered to reduce NVH, which will also help create a smoother stop-start experience for occupants, Chevy says. Motor mounts have been updated, and a burlier starter motor will help restart the engine after a stop. The Impala follows the 2014 Malibu as Chevrolet's second vehicle to feature stop-start tech. The four-cylinder model currently makes up over 30 percent of Impala sales. The 2015 Impala will be available beginning this summer, with a base MSRP of $27,735 (including destination charges). And while one MPG isn't a huge difference, neither is the price increase of just $50 for a bit of eco-minded innovation. Read on for more details in the press release below. Chevrolet Makes Stop/Start Standard in 2015 Impala Technology improves city fuel economy by 5 percent 2014-05-22 DETROIT – Stop/start technology will be standard on the 2015 Impala base 2.5-liter ECOTEC® engine, an addition that improves the vehicle's city fuel economy by nearly 5 percent, or one mile per gallon.

How to locate a fleet Chevy Caprice PPV you can buy

The Chevy Caprice shares the same platform as the now-defunct Pontiac G8 and Chevy's SS sedan. The Pontiac G8 received excellent reviews, but the economy was not doing so well, and gas prices were high, so no one bought them and Pontiac went under. The Caprice PPV is available with a 3.6-liter V6 with 300 horsepower or a 6.0-liter V8 with 355 hp. It comes standard with heavy-duty suspension and a limited-slip differential on the V8 model. The Chevy Caprice also received praise for its handling and road manners and even received a perfect score in a past assessment by the LA County Sheriff's Department. Unfortunately, you won't be able to buy one new even if you want one. The Chevy Caprice PPV is a fleet vehicle available only to law enforcement. However, if you go on Cars.com, select Chevrolet in the dropdown, click all types of vehicles, change the year filter from 2011 to 2015 and type in the keyword Caprice, lo and behold, listings for pre-owned Caprice PPVs appear. Many of these have low mileage and were not sold for whatever reason, and they sat around. Some come with the remainder of the three-year / 36,000-mile bumper-to-bumper warranty and a five-year / 100,000-mile warranty on the powertrain. Those who have strong negotiating skills can extend the bumper-to-bumper warranty a couple of years for around $1,500 or less. The purchase price of the Caprice PPV is around $30,000 to 34,000. The pre-owned ones are less; dealers took the brunt of the depreciation cost. Best of all, the bonus of driving a Chevy Caprice PPV is everyone driving around you will follow the speed limit and every motor vehicle rule in the book because they think you are the law. Used ex-law enforcement fleet purchase are risky. But this is too unique to pass up, go buy one quick. There are only a couple in the country at the moment. Follow me on Twitter: Donkleblanc Related Video: Image Credit: wikimedia Chevrolet Used Car Buying Police/Emergency chevy caprice chevy caprice ppv open road