Stellantis (STLA) option implied volatility amid strike headlines
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Will the EU postpone Brexit tariffs on EVs?
September 18, 2023 1:45 PM EDTThe 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
September 15, 2023 2:20 PM EDTOn 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
September 15, 2023 8:44 AM EDTThe 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
