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Pushing Back: GM expanding Chevrolet into Korea, Daewoo out

Chevrolet Camaro goes to South Korea - Click above for high-res image
General Motors decided several years ago to begin heavily promoting Chevrolet as its global mainstream brand even in markets where its existing brands like Opel and Daewoo were a dominant force. Today, at the Busan Motor Show in South Korea, GM Daewoo president Mike Arcamone announced that the Camaro would lead the way in GM's efforts to market Chevrolet in South Korea.
For now at least Chevrolet and Daewoo-branded vehicles will coexist in the Korean market. However, while we were in China last week GM officials told us that the Daewoo brand, which has been somewhat tainted by past quality issues, would eventually be phased out in favor of Chevrolet. When the new Aveo launches next year it will likely be badged as a Chevrolet even though GM Daewoo is in charge of engineering the car.

Chevy preparing new Camaro ZL1 Convertible?

It's a given that when an automaker introduces a new performance model, it's only a matter of time before an even hotter variant arrives. The Ford Mustang begets the Shelby GT350 and the Dodge Challenger R/T spawns the SRT 392 and Hellcat. And for Chevrolet, that progression sees the Camaro SS evolve into the ZL1. That's probably what our spies have captured here. The convertible variant of GM's most powerful Camaro is betrayed not by its big, black wheels or quad exhaust tips – both of those items have been fitted to the far tamer 1LE in the past – but by its brakes. To put it simply, they're enormous. The old ZL1 had 14.6-inch rotors in front and 14.4-inchers in the back, with Brembo-branded six-piston calipers up front and four-piston binders at the rear. While the overall size of the calipers doesn't appear to have changed much, it looks like the rotors – especially in front – seem to take up a larger space inside the front wheels than in last year's model. Perhaps Chevy moved to a straight 15-inch rotor? It's difficult to discern any more from these images, though. Chevy did a fine job with the camouflage, making it difficult to pick out ZL1-specific body parts. From the rear spoiler to the front fascia to the side sills, each body piece looks like it's the same as the standard Camaro or is just completely obscured. If this is a Camaro ZL1, it seems like Chevy may have just stuffed the vital organs inside the body of more pedestrian droptop. According to our spies, it's unlikely that Chevy will mix things up under the hood. Expect the 6.2-liter, supercharged V8 from the Corvette Z06 and Cadillac CTS-V to move the ZL1 from 550 horsepower to around 640 ponies when it debuts for model year 2017. A six-speed manual transmission will be standard, while the Camaro's big brother will probably donate its eight-speed automatic. Related Video: Image Credit: Brian Williams / SpiedBilde Spy Photos Chevrolet Convertible Performance chevy camaro zl1

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.