Detroit 3 fall as UAW begins strike

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

Arm, Goldman Sachs, KeyCorp rise premarket; Ford, Adobe, Nucor fall

Investing.com -- U.S. futures traded in a mixed fashion Friday, as investors awaited more economic data which could provide clues ahead of next weeks Federal Reserve meeting.

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

... More

Arm set to extend gains, Chinese data lifts sentiment - what's moving markets

Investing.com -- Arm (NASDAQ: ARM) shares climb in premarket U.S. trading, putting them on track to extend their strong start after a much-anticipated debut on Thursday, while investors look ahead to another public listing by grocery-delivery service Instacart. Elsewhere, workers at factories owned by three major automakers go on strike, while new data suggests that China's faltering economy may be starting to stabilize.

1. Futures mixed after Arm IPO drives positive... More

UAW workers at Big Three U.S. automakers go on strike

U.S. big-three auto stocks are mostly lower in pre-open trading after UAW workers at GM (NYSE: GM), Ford (NYSE: F), and Stellantis N.V. (NASDAQ: STLA) went on... More

Shares of Detroit Three briefly hit as US workers' strike raises profit worries

By Abhijith Ganapavaram and Nathan Gomes

(Reuters) -A strike by U.S. auto workers briefly hit shares of Ford Motor, General Motors and their suppliers on Friday on worries that the labor action at the factories that make some of the most profitable vehicles could hurt earnings.

The walkouts will halt production at three factories of the "Detroit Three" automakers that make Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models.

Ford and General Motors fell in early trade before reversing course to trade up 1% and 2%, respectively, while U.S.-listed... More

Stellantis (STLA) option implied volatility amid strike headlines

Stellantis (NYSE: STLA) September call option implied volatility is at 70, October is at 34; compared to its 52-week range of 23 to 423.

Ford Motor (F) option implied volatility amid strike headlines

Ford Motor (NYSE: F) September call option implied volatility is at 73, October is at 34; compared to its 52-week range of 27 to 588.

General Motors (GM) option implied volatility amid strike headlines

General Motors (NYSE: GM) September call option implied volatility is at 71, October is at 32; compared to its 52-week range of 27 to 60.

Ford CEO says UAW proposal could force bankruptcy

(Reuters) - Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add new pension benefits could bankrupt the company.

"You want us to choose bankruptcy over supporting our workers," Farley, in a CNBC interview, said... 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

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