CHICAGO, Sept. 19, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: General Motors Co. (NYSE : GM), Fiat SpA (OTC: FIATY), Ford Motor Co. (NYSE : F), Toyota Motor Corp. (NYSE : TM) and Honda Motor Co. (NYSE : HMC).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
UAW Extends Contract with Automakers
The United Auto Workers (UAW) extended its contracts with General Motors Co. (NYSE : GM) and Chrysler Group LLC, controlled by Italy's Fiat SpA (OTC: FIATY) as it failed to meet the deadline to reach a new agreement with the automakers.
UAW would resume talks with GM today, while it is unclear when it would do the same with Chrysler. Chrysler is disappointed with UAW as its president, Bob King, didn't turn up yesterday.
Chrysler CEO Sergio Marchionne stated that failure to meet the deadline would hurt its workers. He asked UAW for a weeklong extension of the existing contract.
The new agreement will determine wages and benefits for 111,000 unionized autoworkers, and set the wage standard at auto parts makers' plants, plants run by foreign automakers in the U.S. and other manufacturers' plants.
As many as 71,000 blue-collar workers are covered by the UAW contracts with GM and Chrysler. The UAW has already extended its contract with Ford Motor Co. (NYSE : F) last week, which covers about 40,000 workers.
Earlier, workers were allowed to strike over wages if the UAW hadn't extended their contracts. However, due to the government bailouts in 2009, both GM and Chrysler's autoworkers are barred from striking work over wages.
Under the new agreement, the union is eager to participate in profit-sharing programs by the company, allowing higher pay for entry-level workers who earn $14 to $16 per hour and signing bonuses and guarantees of new jobs with the recovery of auto sales.
On the other hand, Ford and GM intends to reduce their labor costs, which would be competitive with Asian automakers such as Toyota Motor Corp. (NYSE : TM) and Honda Motor Co. (NYSE : HMC) at the same time, while Chrysler aims to keep its labor costs steady.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.