'The clock is ticking', UAW calls Stellantis (STLA) contract 'trash'

Stellantis (STLA) calls for 'focus on reality' in UAW talks

Chrysler's parent company, Stellantis (NYSE: STLA), firmly rejected the demands presented by the United Auto Workers (UAW) union on Friday, emphasizing the necessity for "a focus on reality from everyone involved" during negotiations.

Stellantis NA COO, Mark Stewart, conveyed in a letter to the workforce that the automaker remains "committed to working with the UAW to reach an... More

Shares of Ford (F) and GM (GM) strained as UAW strike becomes more likely

Although theres not a lot of details surrounding the ongoing UAW negotiations, Citi believes the recent ups and downs in GM (NYSE: GM) and Ford's (NYSE: F) stock prices might be aggravated by worries that there could be a strike. The chance of a strike happening seems to be getting higher, but the stock market sees it as something uncertain. Looking at how negotiations went before, Citi doesnt believe the news right now is good enough... More

Illinois EPA announces funding dates for next round of EV rebates

The Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.

Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More

Ford (F) pushes Explorer EV launch date in Cologne

Detroit automaker, Ford Motor (NYSE: F) told workers Thursday morning that the company will be postponing the market launch of its Cologne-built electric Explorer SUV. The launch was previously planned for early 2024, but, according to a report by Cologne-based newspaper Kölnische Rundschau, has been pushed back due to new worldwide drive train safety rules.

The report doesn't clarify the exact nature of the "global... More

Citi Downgrades Stellantis NV (STLA:IM) (STLA) to Neutral

Citi analyst Harald Hendrikse downgraded Stellantis NV (STLA:IM) (NYSE: STLA) from Buy to Neutral with a price target of EUR18.00 (from EUR21.00).

Stellantis (STLA) Plans low-cost Fiat EV

Stellantis (NYSE: STLA) has announced that it plans to add a second affordable, no-frills, battery-electric vehicle to its Fiat brand lineup to compete with Renault and Chinese automakers.

According to Fiat brand CEO Olivier Francois , the new EV, inspired... More

General Motors (GM) plans employment hike next year despite concerns of EV labor demand

On Friday, General Motors (NYSE: GM) announced its plans to increase employment next year, despite concerns raised by autoworkers regarding the potential reduction in labor demand due to the transition towards electric vehicles. GM's manufacturing chief, Gerald Johnson, confidently stated that he disagrees... More