Transportation

Lockheed space unit to cut about 1,200 jobs

ATLANTA (Reuters) - Lockheed Martin Corp's space systems unit said on Tuesday it would cut 1,200 workers, or about 7.5 percent of the division's total workforce, by year's end to reduce costs and improve its competitive standing.

Fiat, Chrysler unions form "global network": King

DETROIT (Reuters) - Unions representing workers at Chrysler Group LLC and its Italian partner Fiat SpA are forming a "global network" to share information and best practices, United Auto Workers President Bob King said.

Daimler Trucks North America to hire 1400 staff

(Reuters) - Daimler Trucks North America, a unit of German auto giant Daimler AG , said it will hire over 1,230 employees as it plans to increase production to accommodate rising customer demand for its Freightliner and Western Star trucks.

GM's U.S. June sales below forecasts

DETROIT (Reuters) - General Motors Co on Friday reported a weaker-than-expected gain in June U.S. sales, and said it now expects the industry to finish the year at the lower end of the company's full-year sales forecast.

Chrysler and union seek deal without arbitration

AUBURN HILLS, Michigan (Reuters) - Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.

GM recalls 16,000 Chevy, Buick cars in U.S. and Canada

DETROIT (Reuters) - General Motors Co is recalling 16,198 Chevrolet Impala and Buick LaCrosse cars in the United States and Canada to address sensor and power steering problems, the automaker said on Friday.