The FBI investigation into the UAW appears to be closing in on the president, the UAW is asking members to vote on the Ford contract, which will lead the new FCA-PSA group, and Elon Musk will sign off. All this and more in The Morning Shift for Monday, November 4, 2019.
1. provides: UAW President takes leave
In June 2018, UAW's Board of Directors Gary Jones elected its new President. One major reason for doing so was the assumption that he was not associated with federal corruption investigations in the union. It doesn't turn out that much.
Over the weekend, Gary Jones took leave as President of the UAW with immediate effect.
Why did Jones step aside? This is what he had to say, through a statement, to Reuters :
“The UAW is fighting teeth and nails to ensure our members have a brighter future. I don't want anything to distract from the mission. I want to do what's best for the members of this great union, ”Jones said in the statement, which gave no reason for his decision.
You may have noticed that there were a bunch of words that didn't really say why he was taking leave. To boot, both UAW and Jones' lawyer declined to comment on Reuters. So that's really just a logical explanation at this point: he's not as pure as the main board might have thought .
To be clear, Jones has so far not been charged with any wrongdoing. But in August the FBI attacked Jones' home and a source told Reuters Jones is "UAW Official A" identified in previous criminal complaints in the UAW probe. What did “UAW Official A” do? As summed up Reuters "The complaints said that officials participated in alleged schemes to undermine funds from the union."
Because there is leave and no dismissal, Jones has wages, at least for the time being. Replacing him is Rory Gamble, who led the negotiation team for the new Ford employment agreement.
2. provides: UAW and Ford appear to execute contract without fuss
After a lengthy GM strike, which was expected to be the toughest of the three major contracts, UAW is not looking for a repeat deal with Ford. The union recommends members ratify a contract with Ford, according to several outlets including the Detroit Free Press :
The union contract includes $ 6 billion in pledged "major product investments" in US plants and the establishment and retention of more than 8 500 jobs with 19 facilities receiving investment. You can view the summary online.
It also does not include any change in workers' share of health care costs, a $ 9,000 ratification bonus for seniority employees, and $ 3,500 for temporary workers.
Also included is closure of the Romeo engine plant.
The UAW managed to keep health care costs stable, which, according to Free Press, was "seen as the most important issue for Ford." GM, you remember, also accepted that provision in their contract, which set a precedent Ford would have had a hard time breaking.
As for the next, here is the Free Press:
The proposed contract will now go before Ford's 55,000 unions to decide to ratify or reject it. Workers will continue with information meetings and ratification votes at all Ford local unions. They begin the process Monday and the results arrive in Detroit on November 15.
Of course, there is much more to the contract, and you can check out the top lines of the new contract here .
Third Equipment: Peugeot's CEO Will Take Over FCA-PSA Conglomerate
While Fiat Chrysler and PSA Group are working to complete the merger, WSJ reports that should the merger come into force, PSA & # 39 ; s 61-year-old CEO Carlos Tavares will take over the overall unit. And based on their glowing profile of him, it's easy to see why:
Peugeot bleed money when recruited Mr. Tavares in 2013. Under his leadership, the PSA has gone from losing 5 billion euros ( approximately $ 5.6 billion) in 2012 to last year reported a net profit of € 3.3 billion, with a margin of 8.4% in core business, making it one of the most profitable car market manufacturers in the market. achieved the turnaround largely by squeezing production and proclaiming the dangers of expanding too quickly or chasing sales with discounts. He also trimmed the workforce without closing factories, negotiated an agreement with unions to cut the standard work week for some employees and eliminate jobs through acquisitions.
Tavares abandoned the Ghosn-led Renault-Nissan to save Peugeot, and in the process reversed the Ghosn-eque growth-for-growth & # 39; s business philosophy. In addition, as far as imagery goes, he sounds pretty chilled out:
While these images were famous workaholics – who popped around the world to make factory visits – Mr. Tavares is a strict practitioner of work-life balance. His work day usually runs from 8am to 6:30 pm, and he calls on the drive home before taking the evening off.
He spends many of his weekends on the track, racing cars and competing in events such as the 24-hour Le Mans Classic. Last year, he ended this race by spinning off the track in his Lola T70, a classic British racing car, before colliding with another car.
"I am for a life where you are not bored to death," he told motorsport publication Endurance-Info afterwards.
As WSJ points out, rationalizing a global automotive industry is a completely different challenge than one (basically) should the deal go through, best of all to Tavares and, for God's love, make some damn small cars in the United States.
Fourth Provides: One Million EV Charging Points by 2030, Merkel Says
From Department of Arbiticial Goals :
Germany should have one million electric car charging stations by 2030, Chancellor Angela Merkel said in a video message on Sunday, ahead of Monday's meetings with the automotive industry on how to accelerate the move to low-emission cars
"For this purpose, we want to create one million charging points by the year 2030, and the industry must participate in this effort, that's what we want to talk about," Merkel said. Germany now has only 20,000 public
Sure, a million sounds just as good as a number, but I'm going to go out on a limb and say that the primary barrier to EV adoption is the cost of the vehicles, the secondary barrier is lack of charging infrastructure in apartment complexes with parking, and then we can start talking about public charging points.
5th Gear: Musk Logs Off Years Too Late
Elon Musk had another normal on Friday:
 Good speed, beautiful boy. We will be here when you get to crawl back to the bad temp track that is Twitter. Everyone does.
Reverse: King Tut's grave tomb discovered
Really weak day for history, if I'm honest, but hey, the tombs are cool.
Neutral: Do we need millions of EV charging points?  Most people who do not own EVs think of charging them as if it's like putting gasoline in a car, which is why they often cite a lack of charging infrastructure as a reason not to buy them. But most people I've met who actually own EVs think of it more like charging cell phones or laptops by connecting them when they're at home and not using public charging stations very often. They also learn that they don't drive nearly as many miles each day as they think they do.
It is definitely true that we need more EV charging points, but in my experience driving them, it is not so much that we need far more of them than they need to be on more strategic places instead of where they can be worn.