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

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

Archer Aviation shares rise after air taxi group settles Boeing, Wisk lawsuits

Investing.com -- Shares in Archer Aviation (NYSE: ACHR) rose on Friday after the air taxi group announced that it had settled litigation with jet maker Boeing (NYSE:... More

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

Archer Aviation (NYSE: ACHR) reported Q2 EPS of ($0.73), which may not compare to the analyst estimate of ($0.32).

The company also announced it secured a $215 million investment, led by Stellantis (NYSE: STLA) but also including United Airlines... 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

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR24 at HSBC

HSBC analyst Michael Tyndall raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR24.00 (from EUR21.00) while maintaining a Buy rating.... More

Stellantis (STLA) call put ratio 4.4 calls to 1 put

Stellantis (NYSE: STLA) 30-day option implied volatility is at 26; compared to its 52-week range of 23 to 423 into their current union contracts end in September. Call put ratio 4.4 calls to 1 put.

Stellantis (STLA) option IV near low end of range

Stellantis (NYSE: STLA) 30-day option implied volatility is at 26; compared to its 52-week range of 23 to 423 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

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).