Auto Sector

Lyft, Gets a Boost with General Motor’s $500 Million Investment

Lyft, Gets a Boost with General Motor’s $500 Million InvestmentLyft, Uber's smaller rival just got a helping hand that could make its competition with the San Francisco, California company easier. The help come in form of $500 million investment from General Motors

Reportedly, it is part of a $1 billion fundraising round which valued the car-hailing startup at $5.5 billion in comparison; Uber was recently valued at greater than $60 billion.

Drop in Gas Prices Below National Average of $2 is a Great Gift for Holiday Travellers

Drop in Gas Prices Below National Average of $2 is a Great Gift for Holiday TravellersAmerican Auto Association says this year is set to be one of the busiest holiday travel season ever and the credit could go straight to the drop in gas prices to record lows.

With the national average price of gas below $2 per gallon people are travelling more. The price is lowest since 2009.

United Auto Workers and General Motors Extend Contract till November 20

United Auto Workers and General Motors Extend Contract till November 20The United Auto Workers union agreed to extend its 2011 contract with General Motors Co. till November 20.

UAW Leaders Endorse Proposed Labor Agreement with Ford Motor Company

UAW Leaders Endorse Proposed Labor Agreement with Ford Motor CompanyAfter Fiat and General Motor, it's Ford's turn to sign new labor agreement with the United Automobile Workers.

United Auto Workers Reaches Tentative Deal with Ford; GM Workers Voted in Favor of Similar Agreement

United Auto Workers Reaches Tentative Deal with Ford; GM Workers Voted in Favor of Similar AgreementOn Friday, the UAW (United Auto Workers) union reached a provisional contract agreement with Ford. It's the same day when GM workers also voted in favoring a similar four-year agreement.

However, official GM agreement ratification was delayed as even though the deal got approval in general but the skilled trades like electricians and the pipe fitters did not agree to it.

United Auto Workers Give Strike Deadline to GM if Contract Negotiation is not Reached

United Auto Workers Give Strike Deadline to GM if Contract Negotiation is not ReachedA strike is looming large on General Motors Co., the United Auto Workers union set 11:59 p.m.

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