General Motors (GM) to close Arizona facility, cuts 936 positions
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Vinfast (VFS) becomes third most valuable carmaker as stock surge continues
August 28, 2023 9:10 AM EDTShares of electric-vehicle maker Vinfast (NASDAQ: VFS) surged as much as 30% in premarket trading on Monday morning, extending last weeks rally that saw the Vietnamese carmaker more than quadruple its market value to $160 billion.
A premarket share price of $90.55 indicated that the stock was headed towards increasing its market capitalization by nearly $50 billion.... More
General Motors (GM) December 37 calls active amid Union strike talk headlines
August 24, 2023 10:47 AM EDTGeneral Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 1.8 calls to 1 put.
... MoreGeneral Motors (GM) to halt production in Fort Wayne due to supply shortage
August 23, 2023 2:14 PM EDTOfficials from General Motors (NYSE: GM) revealed their decision to shut down the Fort Wayne Assembly Plant next week as the automaker grapples with supply issues.
GM spokesperson Jeffrey Benzing confirmed the pause will take place the week of August 28 due to a temporary part shortage.
The Fort Wayne plant is no... More
Texas EV owners prepare as additional fees kick in Sep. 1st
August 22, 2023 2:30 PM EDTTexas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.
Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More
