Ford (F) ramps hybrid pickup production

Detroit 3 fall as UAW begins strike

The stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More

Biden considers aid for small suppliers as UAW strike seems likely

According to a report from Reuters on Thursday, citing a source with knowledge of the matter, suggests that the Biden administration is considering emergency aid to safeguard smaller businesses supplying U.S. automobile manufacturers in the event of a strike by the United Auto Workers (UAW) union.

For several months now, the UAW has been engaged in intense negotiations with Detroits Big Three: Stellantis (NYSE: STLA), Ford (NYSE: F), and... More

JPM says UAW strike would likely last less than 45 days

The United Auto Workers (UAW) leadership has declared its intention to strike any and all OEMs for which a new contract has not been finalized by the current contract's expiration date at midnight on Thursday.

J.P. Morgan analyst, Bill Peterson wrote in a note that JPMs auto team sees a high likelihood of a strike occurring, but expects any strike to be shorter than the 45 days at GM in 2019 given lean inventory levels.

According to JPMs automotive... More

UBS says buy these two US automakers as potential UAW strike quickly approaches

UBS is showing strong confidence in the automotive industry, upgrading both General Motors (NYSE: GM) and Ford Motor Co. (NYSE: F) to Buy ratings, accompanied by revised 12-month price targets. Even as a UAW strike seems inevitable.

General Motors

UBS upgraded General Motors to a Buy rating (From Neutral) and raised their 12-month price target on the auto stock to $44.00 (From $41.00). This upgrade is grounded in GM's consistent performance amidst a highly uncertain and volatile economic landscape, notably maintaining an 8-10% GM North America (GMNA) EBIT-Adjusted... More

UAW President Fain Says There Is A Lot Of Work To Do To Get Labor Deals With Detroit Three Ahead Of Tomorrow's Deadline - ABC News

(Updated - September 13, 2023 8:19 AM EDT)

UAW President Fain Says There Is A Lot Of Work To Do To Get Labor Deals With Detroit Three Ahead Of Tomorrow's Deadline - ABC News

Ford (F), Honda (HMC) and BMW to Create ChargeScape, a Company Focused on Optimizing Electric Vehicle Grid Services

BMW Group, Ford Motor Company (NYSE: F) and American Honda Motor Co. (NYSE: HMC), Inc. today announced that they have entered into an agreement to create ChargeScape, LLC, a new equally-owned company that will create a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers. Benefiting both EV customers and the electric utility industry in the U.S. and Canada, ChargeScape will unlock entirely new value that EVs can provide to the electric grid, while enabling EV customers to earn financial benefits through a variety of managed charging and... More

Stocks expected to have increasing option volume: GM F STLA TSLA ADBE CRM

Stocks expected to have increasing option volume: GM F STLA TSLA ADBE CRM

UBS Assumes Ford (F) at Buy, 'Built Ford Pro Tough'

(Updated - September 13, 2023 6:03 AM EDT)

UBS analyst Joseph Spak assumes coverage of Ford (NYSE: F) at Buy with a price target of $15.00.

The analyst ocmments "We assume coverage of F with a Buy rating and $15 PT. We believe F earnings will be more resilient than... More

Ford doubles down on hybrid pickup trucks

DETROIT (Reuters) - Ford plans to double production of hybrid F-150 pickup trucks in 2024, accelerating the automaker's pivot toward gas-electric powertrains as a hedge against reluctance among U.S. truck buyers to go all-electric.

Ford said it is tooling up to equip 20% of the best-selling model-line in the U.S. market with gas-electric powertrains in 2024. For the 2024 model year, the hybrid powertrain will be offered at the same price as a truck equipped with a six-cylinder "EcoBoost" combustion powertrain, the company said.

"We are building some upside into the production schedule," Ford Blue unit Vice President Andrew... More

UBS Assumes General Motors (GM) at Buy, 'Negativity priced in'

(Updated - September 13, 2023 6:02 AM EDT)

UBS assumes coverage on General Motors (NYSE: GM) with a Buy rating and a price target of $44.00.

The analyst comments "We assume coverage of GM with a Buy rating and $44 price target. Near-term, assuming a strike... More

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

Third Bridge analyst sees Ford (F) as most vulnerable if UAW strike

Third Bridge analyst, Shoggi Ezeizat conducted interviews with several auto executives regarding the potential for a strike by the United Autoworkers Union (UAW). Ezeizat's findings shed light on the situation within the automotive industry and its potential repercussions.

One key observation made by Ezeizat is the vulnerability of Ford Motors (NYSE: F) to... 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

UAW strike 'highly likely' says Barclays

Barclays analyst Dan Levy: "D3/UAW far off on contract resolution with deadline nearing, but reflects willingness by UAW to compromise on key terms -
original UAW request self-described as audacious looked unfeasible. Recent deals for other labor negotiations completed at mid 20%. Strike highly likely, but some small steps on... More

Ford Motor (F) stands to face the most severe financial impact in the event of a UAW strike - analyst

Third Bridge analyst Shoggi Ezeizat on the potential for a strike by the United Autoworkers Union (UAW):

- Amid escalating labor tensions, it is likely that of the Detroit Big Three automakers, Ford stands to face the most severe financial impact in the event of a UAW strike.... More

Potential UAW strike could cut production, push up vehicle prices, analysts say

By Priyamvada C

(Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said.

The auto industry is on edge as the current four-year contracts between the UAW and General Motors, Ford Motor Co and Stellantis for hourly U.S. workers expire on midnight Sept. 14, after which the union's chief has warned of a possible coordinated strike.

New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to... 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

General Motors (GM) option IV into current union contracts end on September 14

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) option IV near low end of range amid strike headlines

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.