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

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

Stocks were falling as investors await direction from the Fed on rates

Investing.com -- U.S. stocks were falling on Friday as investors turn their attention to the Federal Reserve's next interest rate decision.

At 12:40 ET (16:40 GMT), the Dow Jones Industrial Average was down 170 points or 0.5% while the S&P 500 was down 0.8% and the NASDAQ Composite was down 1.1%.

The three major Wall Street indices posted strong gains on Thursday, helped by the positive reaction to the debut of chip designer Arm (NASDAQ:... More

Biden Says Record Profits Should Mean Record Contracts For UAW

Biden Says Record Profits Should Mean Record Contracts For UAW

U.S. stocks fall as investors turn attention to Fed meeting

Investing.com -- U.S. stocks were falling on Friday but headed for a positive week as investors turn their attention to the Federal Reserve's next interest rate decision.

At 10:27 ET (14:27 GMT), the Dow Jones Industrial Average was down 113 points or 0.3% while the S&P 500 was down 0.6% and the NASDAQ Composite was down 1%.

The three major Wall Street indices posted strong gains on Thursday, helped by the positive reaction to the debut of chip designer... More

Stellantis (STLA) October option implied volatility amid strike headlines

Stellantis (NYSE: STLA) October call option implied volatility is at 28, November is at 31; compared to its 52-week range of 23 to 423.

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

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.

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

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.

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.

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.

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

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