UAW files unfair labor practice charges against GM and Stellantis (STLA) amid contract dispute

Tests confirm 24 Stellantis (STLA) engine types can run on e-fuels

On Tuesday, Stellantis (NYSE: STLA), the parent company of Chrysler, revealed that they have conducted tests demonstrating that 24 different internal combustion engines installed in European vehicles manufactured by the company since 2014 are capable of utilizing advanced e-fuels without any modifications.

According to a Stellantis... More

German Chancellor reveals plans for EV expansion law at IAA Munich

German Chancellor, Olaf Scholz took a tour of this years IAA car show in Munich on Tuesday where he revealed a groundbreaking initiative to expand the electric vehicle industry in his country.

In his address, he praised the German car industry's dedication to electrification while expressing his disapproval of ongoing protests. Scholz announced a new law, expected in the coming weeks, designed to significantly increase the number of electric vehicle charging stations across the country.

Under... More

Renault CEO says Ampere IPO value could reach $10 Billion

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More

Stellantis' (STLA) Opal plans to launch low-cost EV by 2026

Opel Auto, a German brand owned by Stellantis (NYSE: STLA), spoke on Monday of its aim to introduce an all-electric vehicle priced at approximately 25,000 euros ($26,967) without factoring in incentives, with a target launch around 2026.

Opel/Vauxhall CEO Florian Huettl made a... More

Ford (F) delays European Explorer production

On Monday, Ford Motor (NYSE: F) shared that they're pushing back the production of their long-awaited Explorer SUV in Cologne by about six months. The reason behind this move, as explained by Ford's Germany chief, is to wait for the new generation of Volkswagen battery tech to become available.

The... More

Ford (F) to spend $270M in rear camera recall

On Friday, Ford (NYSE: F) announced its plan to recall 169,000 vehicles in the United States for the purpose of replacing rearview cameras and performing software updates. To cover the costs associated with this recall, the company is earmarking a charge of $270 million.

According to the National Highway Traffic Safety Administration, the... More

UBS cuts estimates on Renault and Volkswagen as Chinese competition rises

UBS downgraded French automaker, Renault to a Sell rating (From Neutral) and cut their 12-month price target on the automotive stock to 31.00 (From 42.00) as competition from Chinese rivals intensifies.

UBS anticipates continued robust financial performance in the upcoming quarters with the potential for additional positive surprises. However, it is noteworthy that most indicators have ceased to show improvement. An analysis by UBS, including the examination of the BYD teardown Q-Series, leads analyst David Lesne to believe that legacy automakers... More

General Motors (GM) option IV near low end of range

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

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

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 on September 14.

Stellantis (STLA) option IV amid union contract talks

Stellantis (NYSE: STLA) 30-day option implied volatility is at 27; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Stellantis NV (STLA) PT Raised to $18.50 at Bernstein

Bernstein analyst Daniel Roeska raised the price target on Stellantis NV (NYSE: STLA) to $18.50 (from $18.00) while maintaining a Market Perform rating.... More

Bernstein Reiterates Market Perform Rating on Stellantis NV (STLA:FP) (STLA)

Bernstein analyst Daniel Roeska reiterated a Market Perform rating and EUR17.00 price target on Stellantis NV (STLA:FP) (NYSE: STLA).

US will offer $12B to automakers and suppliers for the advancement of new energy vehicles

U.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.

The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More

US Providing Up To $12 Billion To Retrofit Auto Plants For EVs - Bloomberg

US Providing Up To $12 Billion To Retrofit Auto Plants For EVs - Bloomberg

Stock to watch: GM, STLA, F

Ford (F) recalls 42K trucks over defect in axle shaft

Ford (NYSE: F) has issued a recall for nearly 42,000 2023 Super Duty F250 and F350 trucks after a mechanical issue was found affecting the vehicles rear axle shaft.

According to documents from the National Highway Traffic Safety Administration (NHTSA) the left rear axle shaft on affected models "may have been improperly heat-treated"... More

Canada's Unifor targets Ford (F) in Detroit 3 labor talks

Unifor, Canadas largest private union, announced this week that the labor force has selected Ford Motor Company (NYSE: F) as their target in its negotiations with the Detroit Three.

Talks began with the car manufacturers, including General Motors (NYSE: GM) and Stellantis (NYSE: STLA), on August 10th. But on August 29th, Unifor... More

European car sales surge in July; EVs grow 61%

The European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.

The sales of electric vehicles surged... More