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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.

2020 Dodge Challenger SRT Super Stock is as close as you can get to a new Demon

Although the Dodge Demon was an exclusive, one-year-only muscle car, Dodge has found ways of getting bits of that car to more people. First there was the Hellcat Redeye, that got a detuned version of the Demon engine, down from 840 horsepower to 797. Now there's the 2020 Dodge Challenger SRT Super Stock. It starts with the Hellcat Redeye, but adds a bit of horsepower, and drag race-specific tires and suspension tuning to get one step closer to the monster Demon. The engine is basically the same supercharged 6.2-liter Hemi V8 as the Redeye, but with a new engine calibration that bumps up horsepower by 10 to 807, though torque stays the same at 707 pound-feet. It's coupled to the same eight-speed automatic as the Hellcat Redeye, but it has also been retuned to shift 100 rpm later at 6,400 rather than 6,300 to squeeze as much out of each gear as possible. The rear differential is a limited-slip unit and comes standard with a 3.09:1 gear ratio, which is optional on regular Hellcat Redeyes. The Super Stock also gets revised chassis components. Instead of the regular Hellcat Brembo six-piston brakes up front, it gets lighter four-piston Brembo calipers with slightly smaller rotors, all in the name of going faster at the drag strip. The suspension has been retuned to shift weight to the rear wheels and improve traction at launch. In Track mode, the suspension switches to fully firm rebound and compression at the rear, and firm compression and soft rebound at the front to help facilitate the weight transfer. It stays in this mode as long as full throttle is applied, and reverts to the standard Track settings when lifting off the throttle. The final piece of the drag racing puzzle are the wheels and tires. The regular Redeye's huge wheels and low profile tires are gone in favor of wheels that are just 18 inches in diameter. They're fitted with Nitto NT05R drag radials, the same make and model as on the Demon, at each corner for maximum traction at the strip. These are also the only indicators that you have a Super Stock. All the other badging is the same as the Hellcat Redeye, so only those in the know will recognize a Super Stock model. The final results of these drag-racing enhancements are impressive. Dodge claims a 0-60 time of 3.25 seconds, and a quarter-mile time of 10.5 seconds. Apparently it will finish three car lengths ahead of a regular Redeye at the drag strip. Top speed is less formidable at 168 mph, but that's a limit of the drag tires.

Experience the Woodward Dream Cruise in a Dodge Challenger Hellcat

While Autoblog was consumed by coverage of the increasingly important Monterey Car Week last weekend, there was another big even going on. The Woodward Dream Cruise is significantly lighter in terms of news, but there's no denying that it's a far bigger, and far more egalitarian than what the wine-and-cheese crowd experience on the links at Pebble Beach. The Dream Cruise crams tens of thousands of cars and over a million spectators along a four-lane ribbon of asphalt between Ferndale and Pontiac, MI. What's remarkable aren't these numbers, though, so much as the distances they travel. Owners and admirers come from far and wide, across the United States and in some cases across the globe, to take in the spectacle. This year, local radio and television coverage featured fans that traveled from Japan, Australia, and Europe, just to take in the cruise. Of course, we realize that not everyone can make the pilgrimage to Woodward Avenue. With that fact in mind, we decided to bring a bit of the Dream Cruise to Autoblog with a time-lapse video of the cruise route. You can experience the good (a Lamborghini Gallardo, Chevrolet Chevelle, and Oldsmobile Cutlass 442), the bad (the traffic jams), and the ugly (no, your 2003 Ford Focus does not qualify as a classic, get the hell out of the cruiser lanes). So join us, as we turn off 8 Mile Road behind the wheel of our 2015 Dodge Challenger SRT Hellcat and run north, through Ferndale, Pleasant Ridge, Royal Oak, Huntington Woods, Berkley, Bloomfield Township, and Bloomfield Hills, before ending up on Wide Track Drive in Pontiac.