May 17, 2012 online at www.uawlocal2250.com
The annual May Day Annie Malone Parade is this Sunday, May 20. Those wishing to ride in vehicles – help pass out beads – help decorate: We meet at Belhmann Buick GMC, 820 McDonnell Blvd, St. Louis, MO 63042 at 10:30 am the day of the parade and plan on departing for the staging area no later than 10:45. Those that would like to ride on the Chairman’s Fire Truck can locate us in the staging area located on Market Street between Compton Ave. and Jefferson Ave. We will not know our exact location until closer to the 20th and will let you know when we find out. It should be noted that the only vehicles allowed in the staging area must have entry stickers. There is on street parking in the downtown area and some near the staging.
From the Chaplaincy Committee: The annual Blessing of the Bikes will be Tuesday, May 22 at 4:45 pm at the parking lot across from the Arch and the flagpoles. All bikes are welcome. If you can’t ride, come for the Blessing.
From the Women’s Committee: The Susan G. Komen Race for the Cure is June 23 in St. Louis. The local has formed a team - the name is “UAW Local 2250” for anyone who would like to register with us and we will pick up the T-shirts and get them to everyone before the race. The last day to enter online is June 1. There will be entry forms at the doors that can be filled out and we can get them registered.
Also: The annual Women’s Committee Benefit Golf Tournament will be held Saturday, June 30 at Country Lake golf course in Warrenton. It is a three person scramble with a 1:30 pm shotgun start. The cost is $70 per person/$210 per team. The first 3 places in 3 flights will be paid. There will also be a longest drive, closest to the pin and a skin game. Food and beer will be served after the tournament. The proceeds will go to “Turning Point” abused women’s shelter. Entry forms are available at the entrances.
Chevrolet today announced the return of a V-8 powered, rear-wheel-drive performance sedan to the U.S. lineup, the Chevrolet SS. The SS will also be Chevrolet’s next NASCAR Sprint Cup racecar and will debut in its race configuration at the 2013 Daytona 500. The limited production version of the Chevrolet SS will be a 2014 model and will arrive in dealer showrooms in late 2013. It is the first time in 17 years that Chevrolet will offer a rear-wheel-drive sedan for sale in the United States. The Chevrolet SS will be a derivative of the award-winning global rear-wheel-drive architecture that spawns performance vehicles like Chevrolet Camaro and Holden’s upcoming VF Commodore.
From the Detroit News: General Motors Co.'s Chairman and CEO Dan Akerson on Wednesday described Warren Buffett, whose company recently bought 10 million shares of the Detroit automaker's stock, as a "wise investor" with a "track record to prove it." Investors and the market initially agreed with Akerson, as GM stock rose higher than 4 percent at one point Wednesday. "It's a great vote of confidence in what we've done and what we hope to accomplish," Akerson told The Detroit News of Buffett's investment into GM. UBS automotive analyst Colin Langan, who has a buy rating on GM, said he doesn't expect Buffett's investment to factor into Treasury's decision on when it will sell GM stock. "Seems like GM's low valuation is just too good for Warren to resist: While buying 10 million shares of GM isn't a huge bet (yet), the market signal for the U.S. auto industry is as unprecedented as it is fascinating," Morgan Stanley's Adam Jonas, managing director and automotive analyst, wrote in a Wednesday note to investors.
From Automotive News: Ford Motor Co. will lead the industry in introducing new or refreshed vehicles in the U.S. at the fastest rate for model years 2013 through 2016, according to a Bank of America Merrill Lynch report today. Ford will replace 26 percent of its lineup during the period, analysts led by John Murphy wrote in the annual "Car Wars" report. The analysts said replacement rates will be 25 percent for General Motors Co., 24 percent for Toyota Motor Corp. and 23 percent for Nissan Motor Co., which will match the industry average. Chrysler Group LLC, majority owned by Fiat S.p.A., and Honda Motor Co. will trail the industry average with replacement rates of 20 percent, according to the report. Ford will replace vehicles representing 46 percent of its volume in model-year 2015, Bank of America estimates, by introducing the new Ford Edge and Lincoln MKX crossovers, F- Series pickups and Mustang sports car, according to the report. GM's U.S. market share may rebound to the "low 18 percent range" with 2013 model year vehicles including the Cadillac ATS and XTS sedans and Chevrolet Malibu and Spark cars, according to Bank of America estimates. GM will update vehicles accounting for 52 percent of its volume in the 2014 model year, with vehicles including the Chevy Silverado and GMC Sierra pickups and Cadillac CTS and Chevy Impala sedans.
From the Wall Street Journal: General Motors Co. plans to stop advertising with Facebook Inc. after deciding that paid ads on the site have little impact on consumers' car purchases, according to a GM official. The move by GM, one of the largest advertisers in the U.S., puts a spotlight on an issue that many marketers have been raising: whether ads on Facebook help them sell more products. On Friday, Facebook is expected to sell shares in an initial public offering that could put a market value on the company of as much as $104 billion. GM spent only about $10 million last year to advertise on Facebook, according to people familiar with the matter. That is a fraction of GM's total 2011 U.S. ad spending of $1.8 billion, according to Kantar Media. GM will continue to promote its products on Facebook, but without paying the social-media company, the GM official and other people familiar with the matter said. The auto maker's marketing chief, Joel Ewanick, said the company "is definitely reassessing our advertising on Facebook, although the content is effective and important." Mr. Ewanick has spent the last year restructuring the Detroit company's marketing operations in an effort to cut billions of dollars in costs.
Tom Brune
UAW/GM Communications Coordinator
Wentzville Assembly
636-327-2119
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