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

Texas commission approves Tesla (TSLA) charging standard for federal funds despite concerns

A Texas commission voted Wednesday to approve a plan to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) technology to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors.

According to federal regulations, companies must provide NACS rival, Combined Charging System (CCS) as a basic offering to qualify for the... More

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

Fisker (FSR) inks deal with Tesla (TSLA) to adopt NACS by 2025

California-based, emerging electric vehicle maker, Fisker Inc. (NYSE: FSR) announced Tuesday morning that the automaker has signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) starting in 2025.

This decision offers Fisker vehicle owners more charging... 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

Tesla (TSLA) launches affordable Model S and Model X variants

Tesla (NASDAQ: TSLA) introduced more affordable versions of its Model S sedan and Model X SUV in the United States on Monday. These new variants offer shorter driving ranges and are aimed at boosting sales, as elevated borrowing expenses are currently affecting the demand for pricier electric vehicles. The lower cost versions of both vehicles launched Monday are $10,000 less than the regular model,... 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

PayPal names Alex Chriss as new CEO, replacing outgoing boss Dan Schulman

Investing.com -- PayPal (NASDAQ: PYPL) has announced that Alex Chriss has been appointed as President and Chief Executive Officer, according to a statement from the digital payments group Monday.

Chriss, currently a senior executive at software firm Intuit (NASDAQ: INTU), will take over... More

Ford Motor (F) Appoints Peter Stern as Head of Ford Integrated Services

Ford (NYSE: F) today named Apple veteran Peter Stern to lead the newly formed Ford Integrated Services, which will create and market valuable software-enabled customer experiences across Ford Blue, Model e and Ford Pro.

Stern served as vice president of Services at Apple for more than six years through January 2023 and was a driving force behind the launch of Apples portfolio of services, including Apple TV+, Apple News+, Apple Arcade, Apple Fitness+, MLS Season Pass and Apple One.

Stern, who starts at Ford today and reports to President and CEO... More

S&P 500 flat as Treasury yields jump after hotter inflation report

Investing.com -- The S&P 500 was flat Friday, pressured by a fresh climb in Treasury yields after another measure of inflation came in hotter than expected, deflating investor bets that the Fed is unlikely to resume rate hikes later this year.

The S&P 500 was flat, the Dow Jones Industrial Average rose 0.3%, or 110 points, Nasdaq fell 0.4%.

Producer price index for final demand increased 0.3% in July, above economists' forecasts of 0.2%, and pick... 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

Bernstein: Apple may face backlash from migrating some production out of China

Investing.com -- Apple (NASDAQ: AAPL) potentially faces "acute" risks if it chooses to shift some manufacturing bases away from China, analysts at Bernstein argued on Friday, citing in part ongoing trade tensions between the U.S. and Beijing.

In a note, the analysts said 70% of the tech giant's manufacturing locations and an estimated 90% or more... 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

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

China accounts for 70% of Apple's manufacturing locations and an estimated 90%+ of assembly production capacity - Bernstein

Bernstein analyst Toni Sacconaghi reiterated a Market Perform rating and $195.00 price target on Apple (NASDAQ: AAPL).

"While 25% of Apple's top 200 suppliers come from China, the value of Chinese supplier components is just a small percentage (~5%) of iPhones total BOM. The most valuable components including displays (Korea), CPU/GPU (Taiwan), cameras (Japan,... 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

Apple (AAPL) option implied volatility as shares trade $180

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 45 as shares trade $180.

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

Apple (AAPL) option implied volatility as shares close below $180

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 22; compared to its 52-week range of 17 to 45 as shares close below $180.

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.