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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.

Jeep Wrangler Dragon Edition coming to North America

If 2012 was the year of the dragon in China, perhaps the US can claim 2014. After showing the Jeep Wrangler Dragon Design Concept at the 2012 Beijing Motor Show, and apparently receiving "tremendously positive feedback" from Jeep enthusiasts across the globe, the automaker has decided to introduce a production version that will hit US showrooms this fall with a price of $36,095.
"The dragon symbolizes strength and power and is an aspirational character normally associated with royalty and good fortune," says Jeep, and that apparently equates to a blacked-out Wrangler Unlimited with bronze satin gloss highlights inside and out, along with big dragon decals that start on the hood and run down the fenders. There are 18-inch matte black wheels with a bronze outer edges, and a dragon-emblazoned spare tire cover completes the look.
We suggest you peruse the high-res image gallery above to see all the black and bronze detailing yourself, and make special note of the interior. In related news, all 2014 Jeep Wrangler models get an optional Trail Kit and clear park lamps to replace the previous amber units. New colors include Amp'd, Anvil, Copperhead, Flame Red, Granite Crystal and Hydro Blue (Freedom edition only), which join carryover colors Billet Silver, Bright White, Black and Dune.

Jeep Wrangler burns when fireworks were set off inside the vehicle

It should come as no surprise that some fireworks celebrations on the Fourth of July lead to damage and destruction of property. Whether it's poor planning, a lack of skills or simply bad luck, fire departments are usually pretty busy. That wasn't exactly the case when this Jeep Wrangler TJ burnt to the ground. Despite about two dozen people around when the Wrangler caught fire, no one thought it best to call emergency services. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Last week, Chief Spokesperson for Montgomery County Maryland Fire & Rescue Service Pete Piringer sent out a tweet of a TJ that hadn't looked this rough since the body panels were just steel sheets moving through a press. According to Piringer, the fire was caused by a firework that was set off inside the vehicle. It's unclear if this was accidental or on purpose, though we imagine few people would actually want to burn their vehicles to the ground. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. No one was hurt by the fire. Despite no one calling the fire department, a few attendees attempted to put the fire out. Damages to the Wrangler TJ (built between 1997 and 2006) come out to more than $5,000. A follow-up tweet from Piringer said "charges pending," tagging the Montgomery County Fire Department, Office of Fire & Explosive Investigations/Bomb Squad and the Maryland Department of Natural Resources. It seems fireworks are illegal in Montgomery County. Related Video: News Source: Twitter via Jalopnik Weird Car News Jeep Truck SUV Off-Road Vehicles fire fireworks