Car Macs - Latest News!

Stay Informed about the latest happenings in the automotive market.


FCA to defer 20% of salaried workers' pay; Manley to take 50% cut

Most salaried employees globally will have to give up 20 percent of their pay for three months but will get the money later, according to a letter from CEO Mike Manley, who will have his salary cut by half. Nineteen other top execs will take a 30 percent hit.
Continue Reading the above article 'FCA to defer 20% of salaried workers' pay; Manley ...

Labor Department extends deadline for union financial reports

The advisory covers unions whose main office is located in areas highly impacted by the pandemic. The UAW's report was expected to shed light on its financial condition amid the ongoing federal corruption scandal and last year's strike at General Motors. 
Continue Reading the above article 'Labor Department extends deadline for union financ...