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“Workers are now returning to the line with production expected to resume shortly,” Unifor spokeswoman Kathleen O’Keefe said. While production was affected for approximately two hours, a full shut-down was intermittent. On Tuesday night, production stopped for nearly five hours after workers downed their tools, the union said. It was unclear if a second shift on Wednesday would interrupt production and what impact the protests had on output. The Oshawa plant closure, which GM has said would affect 2,973 assembly-line jobs, was announced in November as part of a broad restructuring aimed at cutting costs as investments increase in electric and autonomous vehicles.
GM has also not allocated new products for four U.S, plants, raising the possibility of their cufflinks cartier closure and the elimination of a total of about 15,000 jobs in North America, Oshawa, which produces GM’s Chevrolet Impala, Cadillac XTS, Chevrolet Silverado and GMC Sierra, has the capacity to produce 310,000 vehicles, but its 2018 utilization was just 22 percent, according to LMC Automotive, “We understand our union’s frustration, but need to now work together to deliver supports, transition and training for our employees,” said GM spokesman David Paterson..
WASHINGTON (Reuters) - The Justice Department has said in a court filing that a partial government shutdown could delay its response to comments on pharmacy chain CVS Health Corp’s purchase of health insurer Aetna, a necessary step in a court giving final approval to the deal. Judge Richard Leon of the U.S. District Court for the District of Columbia has been reviewing a consent decree reached by the government and the companies in October to allow their $69 billion merger. The deal has closed, although Judge Leon has required that some aspects of integration be halted during the review process.
Additionally, the Justice Department is required to respond to public comments on the consent agreement, It said in a court filing late on Tuesday that a lapse in funding as of midnight on Jan, 4 meant that the Antitrust Division could not process those comments until its appropriations were restored, An cufflinks cartier exception could be made if the court orders them to do so, the department said in the filing, The partial shutdown began hitting government agencies on Dec, 22 as part of a battle between the White House, which is demanding billions to build a wall on the U.S, border with Mexico, and congressional Democrats, who say the expenditure would be ineffective in slowing illegal immigration..
(Reuters) - Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc alleging that its 2014 Model S sedan had a defective battery pack that caused the death of an 18-year old passenger in an accident last year. Last May, a Tesla driven by Barrett Riley with passenger Edgar Monserratt Martinez crashed into a concrete wall and erupted in flames in Fort Lauderdale, Florida killing both the teenagers, according to the lawsuit. The law firm represents the estate of Edgar Monserratt Martinez.
Less than two months before the crash, Riley’s parents had a limiter installed at a Tesla service center to prevent the vehicle from reaching over 85 mph, but it was removed at another Tesla service visit without his parents’ knowledge, the law firm said, An additional count in the lawsuit alleges Tesla was negligent in the removal of the limiter, It added that Riley was driving the vehicle at 116 mph, immediately before the collision, “No car could have withstood a high-speed crash of this kind,” Tesla said in a statement, adding that its speed limit mode, which allows owners to limit their car’s speed and acceleration, was introduced as an over-the-air update last year in cufflinks cartier dedication to Riley..
(Reuters) - Lennar Corp (LEN.N) said it was seeing improvement in buyer traffic in the first quarter of fiscal year 2019 as interest rates begin to ease after climbing to multi-year highs in the past year. The second largest U.S. homebuilder said it expects to deliver over 50,000 homes in the current year. “With inventories low, we believe (a moderation of traffic in the fourth quarter) is a temporary adjustment as strong employment, wage growth, consumer confidence and economic growth drive the consumer to catch up,” Executive Chairman Stuart Miller said on a conference call.
RIVERWOODS, Ill, (Reuters) - The Federal Reserve can wait and use the first half of this year to assess growing risks to the otherwise solid U.S, economic outlook, an influential regional Fed president said on Wednesday, even as he stuck by an expectation to eventually raise interest rates a bit into restrictive territory, Chicago Fed President Charles Evans has been among the most vocal backers of gradually tightening U.S, monetary policy, In his first public comments since November, he nodded to an array of “tough-to-read” factors highlighted by the recent market selloff, but penciled in a forecast for reasonably good U.S, growth and employment cufflinks cartier in 2019 and beyond..