Archer Aviation (ACHR) Post Q2 Loss; Secures $215M Investment From Stellantis, Boeing, Others

Biden calls on automakers and union to come together on 'a fair agreement'

With just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.

"Im asking all sides to work together to forge a fair agreement," Biden... More

Boeing (BA) leads race to secure 25 wide-body plane order from IndiGo - Reuters

Boeing (NYSE: BA) is the front-runner to book an order for approximately 25 wide-body planes from IndiGo, Reuters said in a report Monday.

With India's largest airline increasing its expansion globally, the company is said to be in discussions with Boeing to purchase the plane... More

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

Wisk Aero, Archer (ACHR), and Boeing (BA) Reach Agreement To Settle Litigation and Enter into Autonomous Flight Collaboration; Boeing Invests in Archer's Latest Funding Round

(Updated - August 10, 2023 4:58 PM EDT)

Wisk Aero (Wisk) and Archer Aviation (Archer) (NYSE: ACHR), leaders in the Advanced Air Mobility (AAM) market, along with The Boeing Company (Boeing) (NYSE: BA), today announced that they have reached a settlement to resolve the federal and state court litigation between the parties on undisclosed terms.

Simultaneously, the parties have entered... More