Biden considers aid for small suppliers as UAW strike seems likely

Will the EU postpone Brexit tariffs on EVs?

The European Union is hesitant to grant Britain's request for a postponement of impending tariffs on electric vehicle sales, as indicated by the United Kingdom's automotive industry association on Monday. Despite this, car manufacturers maintain a positive outlook, believing that a delay in implementing these tariffs can still be negotiated.

As per the terms of the Brexit trade agreement, starting in January, the... More

Unions call for one-day strike at Stellantis (STLA) plant in Italy

On September 18, unions, including UILM, FIM-CISL, Fismic, and Uglm called for a one-day strike at Stellantis' (NYSE: STLA) Melfi plant in southern Italy in response to the carmaker's lack of communication regarding its future production plans at the facility.

In June, the Franco-Italian company had revealed its intention to... More

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

GM (GM) Now Offering 20% Raise Increase To UAW Over Life Of Contract - Bloomberg

GM (GM) Now Offering 20% Raise Increase To UAW Over Life Of Contract - Bloomberg

Stellantis (STLA) September option implied volatility increases amid current union contracts ending

Stellantis (NYSE: STLA) September call option implied volatility is at 78, October is at 34; compared to its 52-week range of 23 to 423 into their current union contracts ending tonight.

Ford Motor (F) option implied volatility into union contracts ending tonight

Ford Motor (NYSE: F) September call option implied volatility is at 67, October is at 32; compared to its 52-week range of 27 to 588 into their current union contracts ending tonight.

General Motors (GM) September option IV increases amid union contracts ending tonight

General Motors (NYSE: GM) September call option implied volatility is at 67, October is at 33; compared to its 52-week range of 27 to 60 into their current union contracts ending tonight.

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

European autos slump on China probe

European Commission President Ursula von der Leyen revealed Wednesday that the European Union is starting an inquiry into the financial support provided by China for electric vehicles (EVs). She pointed out that significant state subsidies in China are intentionally keeping the prices of Chinese EVs artificially low, a situation that could potentially disrupt the European Union market.

For German OEMs, the risk of retaliation in China... More

Any UAW strike to be shorter than the 45 days at GM in 2019 given lean inventory levels - JPMorgan

JPMorgan analyst Ryan Brinkman sees a high likelihood of a UAW strike occurring but expects any strike to be shorter than the 45 days at GM in 2019 given lean inventory levels.

"If no strike occurs then that would mean OEMs likely giving in to the higher end of... More

UAW nears strike at Detroit Three as Ford blasts union

By David Shepardson

(Reuters) -A first-ever simultaneous strike at the Detroit Three carmakers by the United Auto Workers grew all but certain on Thursday with little progress reported in talks hours before a contract deadline expires.

The union - which represents 146,000 U.S. auto workers - is asking for 40% pay raises through September 2027 and major improvements in benefits as part of what it calls "audacious" demands.

The UAW has outlined plans for a series of strikes targeting individual, undisclosed U.S. auto plants if agreements are not reached by 11:59 pm ET Thursday, rather than a full... More

Stellantis (STLA) option IV into their current union contracts ending

Stellantis (NYSE: STLA) September call option implied volatility is at 65, October is at 34; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Ford Motor (F) option IV into their current union contracts ending

Ford Motor (NYSE: F) September call option implied volatility is at 61, October is at 34; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

General Motors (GM) option IV into their current union contracts ending

General Motors (NYSE: GM) September call option implied volatility is at 61, October is at 32; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Starbucks says former CEO Schultz to leave board; adds director

Investing.com -- Starbucks Corporation (NASDAQ: SBUX) said chairman emeritus Howard Schultz would step down from its board effective today as part of a planned transition.

Shares were down 1% in after-hours trading. Schultz also stepped... 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

Stellantis (STLA) call put ratio 7 calls to 1 put amid union contract talks

Stellantis (NYSE: STLA) September call option implied volatility is at 63, October is at 34; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14. Call put ratio 7 calls to 1 put.

Ford Motor (F) option implied volatility elevated amid current union contract talks

Ford Motor (NYSE: F) September call option implied volatility is at 60, October is at 34; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

General Motors (GM) September option implied volatility elevated amid current union talks

General Motors (NYSE: GM) September call option implied volatility is at 61, October is at 33; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Popular stocks with increasing volume: F ORCL PLTR AAL GM AMC NIO MPW RBLX

Popular stocks with increasing volume: F ORCL PLTR AAL GM AMC NIO MPW RBLX

China EVs sink as EU launches probe into subsidies

Shares of Chinese electric vehicle manufacturers Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) experienced a decline in early trading Wednesday morning following a Bloomberg report that the European Union has initiated an inquiry into Chinese electric vehicle subsidies.

The European Commission president said that Brussels will launch an anti-subsidy... More

Ford, BP, Tesla, Moderna rise premarket; Spirit Airlines, Nio fall

Investing.com -- U.S. futures traded marginally lower Wednesday, as investors cautiously awaited the release of consumer inflation data which could provide clues as to future Federal Reserve monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

Apple (NASDAQ: AAPL) stock fell 0.1% the day after the tech giant revealed four new iPhone models at its... More

Ford (F) ramps hybrid pickup production

Ford (NYSE: F) is set to increase production of its hybrid F-150 pickup trucks in 2024, aiming to advance the automaker's shift towards gas-electric powertrains. This move serves as a precautionary measure against the reluctance of U.S. truck buyers to fully embrace all-electric vehicles.

In 2024, Ford plans to prepare 20% of its most popular model-line in the U.S. market with gas-electric... 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

EU anti-subsidy investigation into Chinese electric vehicles is bullish for Renault and Stellantis (STLA) - Morgan Stanley

Morgan Stanley analyst Ross A MacDonald on the report that EU will launch an anti-subsidy investigation into Chinese electric vehicles that are distorting the EU market.

"We would expect this news to be a net benefit to Renault and Stellantis vs the German OEMs given the relative revenue... More

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