UAW to send counteroffer to Ford (F)

Stellantis (STLA) to expand battery capacity to meet EV demand

The head of global propulsion systems at Stellantis (NYSE: STLA) announced Friday the company's intention to increase its battery production capacity to 400 GWh in order to meet the rising demand for electric vehicles.

"We have already announced about 250 gigawatt hours of capacity around the world. We believe... More

Stellantis (STLA) offers 14.5% wage increase to UAW's hourly workers

Chrysler-Dodge parent Stellantis (NYSE: STLA) revealed Friday that the Detroit automaker has proposed a 14.5% wage increase over a four-year period to U.S. hourly workers as part of its offer to the United Auto Workers (UAW) union, just prior to the contract's September 14 expiration date.

The proposed wage increase falls significantly short of the union's demand for a 46% salary raise. The UAW has declared that 97% of its... More

Wells Fargo sees looming risk for Detroit 3; 'The strike will be temporary, but the labor concessions are permanent'

Wells Fargo remains underweight on Ford (NYSE: F) and General Motors (NYSE: GM) as they continue to see significant risks for the OEMs heading into the expiring UAW contract, which expires on September 14th.

We expect a D3-wide strategic or "bottleneck" strike vs. national strike. This would shut down most D3 production without drawing on the strike fund. Writes analyst, Colin Langan

The strike will be temporary, but the labor concessions are permanent. He added.

Wells Fargo's primary scenario anticipates a strike lasting approximately 45 days involving... More

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

United Auto Workers Union Plans To Make Labor Contract Counteroffer To Ford Motor - Reuters

United Auto Workers Union Plans To Make Labor Contract Counteroffer To Ford Motor - Reuters

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

General Motors (GM) option IV near low end of range amid union contract headlines

General Motors (NYSE: GM) 30-day option implied volatility is at 31; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) call put ratio 2.9 calls to 1 put amid strike 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. Call put ratio 2.9 calls to 1 put.

Stellantis (STLA) call put ratio 1 call to 4.2 puts amid strike talk 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. Call put ratio 1 call to 4.2 puts.

Buckle Up for a Potentially Lengthy UAW Strike - CFRA

CFRA analyst Garry Nelson: "Given the apparent lack of progress in labor negotiations between the United Auto Workers (UAW) and Detroit Three automakers, we think a strike by the UAW's approximately 150,000 members starting in mid-September is highly probable. In fact, we think a strike could potentially last for several... 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

Exane BNP Paribas Upgrades Stellantis NV (STLA) to Outperform

Exane BNP Paribas analyst Dorothee Cresswell upgraded Stellantis NV (NYSE: STLA) from Neutral to Outperform.

For an analyst ratings summary and ratings history on Stellantis NV click here. For more ratings news on Stellantis NV click here.

Shares of Stellantis NV closed at $18.23 yesterday.

Stellantis (STLA) call put ratio 1 call to 11 puts with focus on September and October

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. Call put ratio 1 call to 11 puts with focus on September and October.

Ford Motor (F) option implied volatility near low end of range

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

General Motors (GM) call put ratio 3.7 calls to 1 put

General Motors (NYSE: GM) 30-day option implied volatility is at 31; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 3.7 calls to 1 put.

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

Argus presents a list of high-yield stocks

Argus out with a list of high-yield stocks to consider. "We screened our coverage universe for stocks that are BUY-rated by Argus Research analysts, have an Argus Financial Strength rating of at least Medium, and have a yield of 3.0% or higher."

The list:

· BCE Inc. (BCE)

· Citigroup... More

Stellantis (STLA) and Aramco Collaborate to Increase the Use of eFuel

Stellantis (NYSE: STLA) has concluded that 24 engine families in European vehicles sold since 2014, representing 28 million vehicles on the road, are ready to use advanced drop-in eFuel without any powertrain modification, following months of testing at its technical centers across Europe. The tests were conducted using surrogate eFuels provided by Aramco, one of the worlds leading integrated energy and chemicals companies.

Low-carbon eFuel is a drop-in synthetic fuel made by reacting CO2, captured either directly from the atmosphere or from an industrial facility, with renewable hydrogen.... 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