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

UAW to hold a vote authorizing a strike as talks continue at slow pace

Union President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.

The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More

Morgan Stanley remains Bullish as Ford (F) plans JV in China

Morgan Stanley reiterated an Overweight rating on Ford Motor (NYSE: F) with a 12-month price target of $16.00 after documents released by China market regulators revealed that the automaker plans to setup a new-energy passenger car joint venture (JV) with state-owned Chongqing Changan Automobile.

According to this new JV, Changan Ford Motor will hold a... More

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

Ford (F) hires former Apple (AAPL) exec to lead new business unit

Ford Motor (NYSE: F) announced Monday the appointment of former Apple executive, Peter Stern to head a recently established division dedicated to developing consumer software and the advancement of hands-free highway driving technology.

Stern, who most recently served as vice president of services at Apple, overseeing Apple TV+, iCloud and Apple News+, will... More

The recent developments do raise the probability of a strike - Citi on GM and Ford

Citi analyst Itay Michaeli on Thursday's selloff in General Motors (NYSE: GM) and Ford Motor (NYSE: F): "While there is limited information regarding the current UAW negotiations (see UAW Bloomberg article from Aug 8th), we believe GMs and... More

Ford (F), GM (GM) Near Lows Amid Ongoing Concerns About Labor Strikes, Contract Demands

Ford (NYSE: F), GM (NYSE: GM) Near Lows Amid Ongoing Concerns About Labor Strikes, Contract Demands

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

General Motors (GM) 30-day option implied volatility near low end of range

General Motors (NYSE: GM) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 60 into their current union contracts end in September.

Ford Motor (F) option implied volatility low into their current union contracts end in September.

Ford Motor (NYSE: F) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 588 into their current union contracts end in September.

General Motors (GM) option IV near low end of range into end of union contracts

General Motors (NYSE: GM) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 60 into their current union contracts end in September.

Ford Motor (F) option IV into current union contracts end in September

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end in September.

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

UAW union President Shawn Fain angrily discarded contract offers from Stellantis (STLA) Tuesday as he discussed the extensive concessions that the Chrysler parent company is aiming to secure during their negotiations over labor matters.

Fain called the proposals a slap in the face during an online chat meeting, revealing that the company is suggesting reductions in health-care benefits, a decrease in vacation days for new employees,... More