Tag: health car

By on October 14, 2015

 

A United Auto Worker retiree medical fund created to reduce healthcare costs and increase services for more than 700,000 people reported a $20.7 billion difference between assets and future liabilities, Bloomberg reported Wednesday (via Automotive News). The shortfall increased by more than $16 billion over the last report.

A similar system proposed for Fiat Chrysler Automobiles workers in the union’s first proposed contract — which was rejected by workers nearly 2-to-1 — was scrapped in the second contract.

Accounting for future inflation and longer average lifespan are to blame for the increased shortfall, according to the report. (Read More…)

Recent Comments

  • SPPPP: Unfortunately, frontal crashes often jam front doors. If you have luggage in the hatch, the hatch avenue may...
  • Inside Looking Out: “That could happen.” That happened with Big 3 in 1970s-1980s.
  • Inside Looking Out: @Lorenzo – Welcome to the party or back in the USSR.
  • Inside Looking Out: “No ICE, No Profit” Brandon is already working hard on making ICE vehicle...
  • CKNSLS Sierra SLT: Lou- I can tell you there isn’t one feature or any specifications (payload, towing) that...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber