EU Reaches Deal Banning New Combustion Engine Cars From 2035 - Bloomberg

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UAW Petitions to Organize General Motors (GM)-LG Energy Battery Plant in Ohio

October 31, 2022 1:58 PM EDT

The United Auto Workers (UAW) announced Monday that they have filed a petition with the Cleveland office of the National Labor Relations Board to gain union membership for the 900 workers at the Ultium Cells LLC battery plant in Lordstown, Ohio. The plant is jointly owned by General Motors (NYSE: GM) and LG Energy Solutions. The petition is one of the first steps in the process after previous efforts between the company and... More

Ford (F) PT Lowered to $21 at Benchmark

October 28, 2022 6:21 AM EDT

Benchmark analyst Michael Ward lowered the price target on Ford (NYSE: F) to $21.00 (from $23.00) while maintaining a Buy rating.

The analyst comments "Ford reported 3Q 2022 earnings of $0.30 per share compared with earnings $0.51 per share in the 2021 period and our estimate for earnings of $0.25... More

The SEC and DOJ Look into Tesla (TSLA) Self-Driving Claims - WSJ

October 27, 2022 3:51 PM EDT

The SEC and DOJ are both probing Tesla (NASDAQ: TSLA) regarding statements about autopilot functionality, according to a report by The Wall Street Journal.

It was first reported Wednesday by Reuters that the US Department of Justice (DoJ) had launched a probe into the... More