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

GM invests $60M in EV battery startup, Mitra Chem

General Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.

GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More

Hyundai to purchase GM’s India plant as American OEM prepares market exit

Hyundai Motors is set to acquire General Motors' (NYSE: GM) Talegaon plant located in the western state of Maharashtra. This strategic step not only facilitates the departure of the U.S. automaker from the Indian market but also helps to supplement Hyundai's annual manufacturing output.

Hyundai revealed Wednesday that the automaker plans... 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

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

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

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

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

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

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

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

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

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

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.

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.