General Motors (GM) option implied volatility into union contracts expiration

U.S. committee recommends royalties on mining minerals for EVs

A federal committee, Tuesday, put forth a suggestion to introduce royalties on U.S. hardrock mining with an aim to boost domestic mining production by generating additional funds for the agencies responsible for granting new mining permits.

This proposal is just one element of a comprehensive set of recommendations designed to enhance the supply of essential materials like lithium, cobalt, and nickel. Materials crucial for supporting the growth of a domestic electric vehicle (EV) industry, which plays a... More

UAW talks 'moving very slow'; high likelihood of a strike says analyst

The Detroit 3 and UAW remain significantly apart in their contract negotiations as the September 14th deadline quickly approaches. However, there is a noticeable willingness from the UAW to make concessions on crucial terms, especially considering that their initial request, which they self-described as "audacious," appeared to be unattainable.

Recent proposals are asking for a mid-30% raise, rather than the... More

Stellantis (STLA) to present new offer as UAW contract nears end

Detroit automaker and Chrysler-parent, Stellantis (NYSE: STLA) announced Monday their plans to present a new counteroffer to the United Auto Workers (UAW) after the Union submitted their own revised offer to the company on Sunday. The unions current contract is scheduled to expire at midnight on Thursday.

The UAW on Friday had rejected revised offers from... 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