Michigan weakens union rights in home of auto industry | Reuters

Michigan weakens union rights in home of auto industry | Reuters: (Reuters) - "Michigan enacted a ban on mandatory union membership on Tuesday, dealing a stunning blow to organized labor in the state that is home to U.S. automakers and the symbol of industrial labor in the United States."

Peugeot cuts 8,000 jobs to end losses, shuts plant | Reuters

Peugeot cuts 8,000 jobs to end losses, shuts plant | Reuters: (Reuters) - "French automaker PSA Peugeot Citroen announced 8,000 job cuts and a plant closure as it struggles with mounting losses, in a move that could spark more restructuring and political tension in austerity-strapped Europe."

Auto workers' pay agreement signals new reality for industry | Business | guardian.co.uk

Auto workers' pay agreement signals new reality for industry | Business | guardian.co.uk: "Most of Ford and General Motors' factory workers will get profit-sharing cheques and bonuses instead of annual pay rises"

Are the CEOs on a pay freeze as well? Ford Pays Mulally $26.5 Million for 2010 After Turning Around Automaker - Bloomberg:"GM Chief Executive Officer Dan Akerson was given a $9 million compensation package when he took the job, the company said in a Sept. 10 regulatory filing. Akerson, whose pay is subject to federal review, receives $1.7 million in annual salary, $5.3 million in stock that pays out over three years, and $2 million in restricted stock, the company said."