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

Ford (F) and partners to build $887M battery facility in Quebec

Ford (NYSE: F), alongside a consortium of South Korean companies, announced Thursday that the group would build a C$1.2 billion ($887 million) facility capable of producing electric vehicle battery materials in Becancour, Quebec.

According to Canada's industry ministry, the small 15,000 person town of Becancour on... More

Stellantis (STLA) invests in direct lithium extraction project

Stellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.

Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More

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

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

Home Depot, Tesla, Tencent Music fall premarket; Nvidia, DR Horton rise

Investing.com -- U.S. futures fell Tuesday, ahead of the release of key retail sales data, while weak Chinese economic data raised concerns about slowing global growth.

Here are some of the biggest premarket U.S. stock movers today:

Home Depot... More

General Motors (GM) option IV amid union contract talks

General Motors (NYSE: GM) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) option IV amid union contract talks

Ford Motor (NYSE: F) 30-day option implied volatility is at 30; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

Stellantis (STLA) option IV amid union contract headlines

Stellantis (NYSE: STLA) 30-day option implied volatility is at 28; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Warren Buffett's Berkshire Hathaway buys 3 homebuilders in Q2

Warren Buffett's Berkshire Hathaway made a few interesting move in the second quarter, according to the firm's 13F with the SEC after the close of trading Monday. The most interesting trade was adding new positions in three homebuilders.

Berkshire showed new stakes in homebuilders D. R. Horton (NYSE:... More

Berkshire Hathaway Adds Homebuilders D. R. Horton (DHI), Lennar Corp (LEN), NVR (NVR)

Warren Buffett's Berkshire Hathaway released its 13F for the quarter ended June 30, 2023. Below is a summary:

New Stakes
D. R. Horton (NYSE: DHI) new 5,969,714 share position
Lennar Corp. (NYSE: LEN) new 152,572 share position
NVR, Inc. (NYSE: NVR) new 11,112 share position

Raised Stakes
Capital One Financial (NYSE: COF) raised from 9,922,000 shares to 12,471,030 shares
Occidental Petroleum (NYSE: OXY) raised from 211,707,119 shares to 224,129,192 shares

Lowered Stakes... More

Stellantis (STLA) option implied volatility amid union contracts talk headlines

Stellantis (NYSE: STLA) 30-day option implied volatility is at 29; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Ford Motor (F) option implied volatility amid union contracts talk headlines

Ford Motor (NYSE: F) 30-day option implied volatility is at 30; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

General Motors (GM) option IV flat into current union contracts end on September 14

General Motors (NYSE: GM) 30-day option implied volatility is at 33; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

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

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