Aramco and Stellantis Collaboration Indicates eFuel Compatibility with European Engine Families

UAW president calls GM counteroffer 'insulting'

General Motors (NYSE: GM), Thursday, presented a counteroffer to the United Auto Workers (UAW) union, aiming to prevent an expensive strike. However, the President of the United Auto Workers, Shawn Fain, called the proposal "insulting."

GM mentioned that they put forward an offer to the union ahead of the September 14 contract deadline, offering workers a 10% pay raise and two extra annual lump sum payments of 3% each over four years.

Fain, who represents 146,000 workers, said GM's offer was "an insulting proposal that doesnt come close to an equitable agreement for Americas... More

UAW issues counteroffer to Ford (F); awaits Stellantis (STLA) offer later this week

On Wednesday, the United Auto Workers (UAW) union presented their own counterproposal on money matters for Ford Motor (NYSE: F). Meanwhile, Stellantis (NYSE: STLA), the parent company of Chrysler, is getting ready to share their counteroffer later this week.

As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers are set to expire on September 14, discussions are becoming increasingly... More

UAW to send counteroffer to Ford (F)

According to an undisclosed insider cited by Reuters Wednesday, the United Auto Workers union intends to present a counterproposal concerning economic matters in their labor contract negotiations with Ford Motor (NYSE: F).

Last week, Ford announced that it had extended an offer of a... More

CFRA warns of potential for 'lengthy UAW strike'

As the UAW contract deadline approaches, CFRA is warning investors to prepare for a potentially lengthy UAW strike.

Given the impending expiration of the four-year labor agreement, which covers around 150,000 UAW members, on September 14th at midnight, and considering the substantial differences between the two parties in wage negotiations and various other matters, coupled with the UAW's overwhelming approval of strike authorization (with a 97 percent vote, as widely anticipated), CFRA believes that the likelihood of a strike is extremely high. In fact, they are of the opinion that the strike could potentially endure... More

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