Unifor sets their sights on GM as next bargaining 'target'
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Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'
September 27, 2023 11:05 AM EDTMorgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.
Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).
In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More
EU ministers reach compromise on vehicle emission regulations
September 25, 2023 2:37 PM EDTEuropean Union ministers reached a consensus on Monday to modify a European Commission proposition concerning new vehicle regulations. The decision came after eight countries, including France and Italy, expressed concerns that the proposed changes might redirect investments away from the electric vehicle industry.
The European Union has been progressively tightening emissions standards for road vehicles since 1992. The Commission's... More
General Motors (GM) September IV bid above October amid union strike headlines
September 25, 2023 10:42 AM EDTGeneral Motors (NYSE: GM) September weekly call option implied volatility is at 39, October is at 36; compared to its 52-week range of 27 to 60.
... MoreFord Motor (F) September weekly option implied volatility steady amid strike headlines
September 25, 2023 10:41 AM EDTFord Motor (NYSE: F) September weekly call option implied volatility is at 37, October is at 36; compared to its 52-week range of 27 to 588.
... MoreStellantis (STLA) call put ratio 1 call to 3.4 puts as share price down 1.6%
September 25, 2023 10:40 AM EDTStellantis (NYSE: STLA) October call option implied volatility is at 33, November is at 35; compared to its 52-week range of 23 to 423. Call put ratio 1 call to 3.4 puts as share price down 1.6%.
... MoreEvery new Nissan model launched in Europe will be fully electric
September 25, 2023 8:53 AM EDTJapans Nissan Motor announced Monday that all new models launched in Europe from this point on will be fully electric, with plans to sell only EVs on the continent by 2030.
"There is no turning back now," Said CEO Makoto Uchida in a statement. "Nissan will make the switch to full electric by 2030 in Europe - we believe it is the... More
Ford (F) is making strides but says 'significant gaps' remain in UAW labor talks
September 25, 2023 8:21 AM EDTFord Motors (NYSE: F) revealed this past Sunday that while negotiations between the Detroit automaker and the United auto Workers (UAW) union have made strides in certain areas, they still have "significant gaps to close" on key economic issues before they can finalize a fresh labor agreement.
The "issues are interconnected and must work within an overall agreement... More
Stocks expected to have increasing option volume: GM F STLA TSLA X TM HMC
September 25, 2023 4:45 AM EDTStocks expected to have increasing option volume: GM F STLA TSLA X TM HMC
... MoreFord says 'significant gaps' remain in UAW labor contract talks
September 24, 2023 10:39 PM EDTBy David Shepardson
(Reuters) -Ford Motor said on Sunday that despite progress in some areas, it still has "significant gaps to close" on key economic issues before it can reach a new labor agreement with the United Auto Workers union.
The "issues are interconnected and must work within an overall agreement that supports our mutual success," it said in a late evening statement after talks over the weekend.
The UAW, which on Friday cited "real progress" in talks with the No. 2 U.S.... More
S&P 500 rides tech higher as Treasury yields take breather
September 22, 2023 3:50 PM EDTInvesting.com -- The S&P 500 rose Friday, supported by tech as Treasury yields ease even as Federal Reserve officials continued to echo the central banks plan to keep rates higher for longer.
The S&P 500 rose 0.2%, the Dow Jones Industrial Average was flat, or 9 points lower, Nasdaq rose 0.3%.
Feds officials lean into higher rates for longer stance, but Treasury yields take breather
U.S. Federal Reserve officials said further rate hikes could be required as inflation remains too hot for comfort.
Fed Governor Michelle Bowman said Friday it will... More
General Motors (GM): Today's Strike Escalation By The UAW's Top Leadership Is Unnecessary
September 22, 2023 1:14 PM EDT(Updated - September 22, 2023 1:16 PM EDT)
General Motors (NYSE: GM): Todays Strike Escalation By The UAW's Top Leadership Is Unnecessary
Co- have now presented five separate economic proposals to UAW.Says have contingency plans for various scenarios and are... MoreUAW expands strikes against GM, Stellantis
September 22, 2023 11:41 AM EDT(Reuters) -The United Auto Workers (UAW) union said on Friday it would expand its coordinated strike against General Motors Co and Stellantis but added that it had made real progress in talks with Ford Motor.
The escalation comes as the labor group and the automakers remain apart on terms of a new contract covering 146,000 workers.
Here is what industry experts are saying about the expansion of the strike that began last week:
BRANDON PIZZURRO, DIRECTOR OF PUBLIC INVESTMENTS AT GUIDESTONE CAPITAL MANAGEMENT:
"Any type of thawing in the talks between the unions and the... More
UAW strike set to hit deep into the industry's supply base
September 22, 2023 11:20 AM EDTBy Timothy Aeppel
(Reuters) - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. But he is bracing for it to get worse.
Much worse.
The union, which initiated strikes at three plants last week, one of each owned by Ford, General Motors, and Chrysler parent Stellantis, on Friday announced it would expand the action to 38 parts distribution facilities in 20 states owned by GM and Stellantis. The union said it was not expanding its action against Ford, because the parties had made progress in... More
Stellantis (STLA) call put ratio 1 call to 6 puts as share price up 0.9%
September 22, 2023 10:30 AM EDTStellantis (NYSE: STLA) October call option implied volatility is at 30, November is at 29; compared to its 52-week range of 23 to 423. Call put ratio 1 call to 6 puts as share price up 0.9%.
... MoreGeneral Motors (GM) option implied volatility amid strike headlines
September 22, 2023 10:29 AM EDTGeneral Motors (NYSE: GM) September weekly call option implied volatility is at 37, October is at 34; compared to its 52-week range of 27 to 60.
... MoreFord Motor (F) call put ratio 1.9 calls to 1 put as share price up 3.4% amid strike headlines
September 22, 2023 10:28 AM EDTFord Motor (NYSE: F) September weekly call option implied volatility is at 35, October is at 36; compared to its 52-week range of 27 to 588. Call put ratio 1.9 calls to 1 put as share price up 3.4%.
... MoreFord (F) gains as UAW announces progress in negotiations ahead of strike expansion deadline
September 22, 2023 10:22 AM EDTShares of Ford Motor (NYSE: F) surged by 4.4% in early trading following reports that the United Auto Workers (UAW) will announce substantial progress in its discussions with the automaker as we approach a Friday deadline for securing fresh labor agreements before the union potentially escalates its strike with the Detroit Three automakers.
shares of General Motors (NYSE: GM) were up 0.4%, giving back... More
UAW to Expand Strike Against GM (GM), Stellantis (STLA)
September 22, 2023 10:20 AM EDTUAW to Expand Strike Against GM (GM), Stellantis (STLA)
... MoreUAW President Says Made Real Progress with Ford Motor (F)
September 22, 2023 10:16 AM EDTUAW President Says Made Real Progress with Ford Motor (NYSE: F)
... MoreUAW Will Not Expand Strike Against Ford - Reuters
September 22, 2023 10:01 AM EDT(Updated - September 22, 2023 10:04 AM EDT)
UAW Will Not Expand Strike Against Ford - Reuters
United Auto Workers will say it has made real progress towards a deal with Ford.UAW to strike more GM, Stellantis plants.Strikes could hit plants making most profitable vehicles.... MoreUAW Expected To Announce Significant New Strikes Against Stellantis, GM - Reuters
September 22, 2023 9:51 AM EDT(Updated - September 22, 2023 9:53 AM EDT)
UAW Expected To Announce Significant New Strikes Against Stellantis, GM - Reuters
UAW Is Expected To Announce New Labor Actions Targeting At Least Six GM, Stellantis Facilities In MichiganEarlier, reports stated the UAW is expected to announce it made real progress with Ford in labor talks.... MorePopular stocks with increasing volume: F BABA DKNG PLTR RIOT NIO INTC CVNA
September 22, 2023 9:50 AM EDTPopular stocks with increasing volume: F BABA DKNG PLTR RIOT NIO INTC CVNA
... MoreAuto stocks gain as UAW expected to announce it made 'real progress' in Ford talks
September 22, 2023 9:32 AM EDTAuto stocks gain as the UAW is expected to announce it made real progress with Ford in labor talks, according to Reuters:
Ford Motor (NYSE: F) +2.9%General Motors (NYSE: GM) +1.7%Stellantis (NYSE: STLA) +1%... MoreExclusive-UAW to announce it has made real progress with Ford in labor talks - source
September 22, 2023 9:30 AM EDT(Reuters) - The United Auto Workers (UAW) will announce on Friday it has made real progress with Ford Motor in talks over a new labor contract, a source familiar with the matter said.
(Reporting by Abhijith Ganapavaram in Bengaluru and David Shepardson; Editing by Anil D'Silva)
... MoreUAW Will Announce It Has Made Real Progress With Ford In Labor Talks - Reuters
September 22, 2023 9:21 AM EDT(Updated - September 22, 2023 9:22 AM EDT)
UAW Will Announce It Has Made Real Progress With Ford In Labor Talks - Reuters
UAW will invite Biden to come to picket line.... MoreStellantis (STLA) To Announce $500M Investment In Rio Plant - Reuters
September 22, 2023 8:42 AM EDT(Updated - September 22, 2023 8:43 AM EDT)
Stellantis (STLA) To Announce $500M Investment In Rio Plant - Reuters
Stellantis is expected to announce investments of up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro.The announcement will take place at a ceremony at... MoreActivision Blizzard, Roku, Wayfair and Citi rise premarket; Ford falls
September 22, 2023 8:21 AM EDTInvesting.com -- U.S. futures edged higher Friday, ending a difficult week punctuated by a hawkish Federal Reserve meeting on a positive note.
Here are some of the biggest premarket U.S. stock movers today:
Activision Blizzard (NASDAQ: ATVI) stock rose 1.8% after the U.K. competition regulator indicated that... More
UAW union warns of extended strike against major U.S. automakers
September 22, 2023 5:39 AM EDTThe United Auto Workers (UAW) union has warned that it may prolong its strike action against the 'Big Three' American automakers, namely General Motors (NYSE: GM), Ford Motor (NYSE: F), and Stellantis (NYSE: STLA), the parent company of Chrysler. The union, which initiated limited strikes at one facility for each car manufacturer on Thursday last week, has stated that more workers will join the strike today if significant progress isn't achieved in negotiations.
Analysts Dan Ives from Wedbush and... More
BOJ stands pat, Activision acquisition deal, UAW strike - what's moving markets
September 22, 2023 5:38 AM EDTInvesting.com -- The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserves hawkish tilt. Microsoft (NASDAQ: MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer.
1. Futures edge higher, but on course for weekly dropU.S. stock futures edged higher Friday, but are on course to post hefty weekly losses in... More
UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford
September 22, 2023 1:11 AM EDTBy David Shepardson and Joseph White
DETROIT (Reuters) -The United Auto Workers expanded its strikes against Detroit automakers General Motors and Chrysler parent Stellantis, but kept its Ford walkout limited to a single plant due to progress made in talks, the union said on Friday.
The auto workers' union began strikes at noon EDT (1600 GMT) on Friday against 38 parts distribution centers across the United States at GM and Stellantis, extending its unprecedented, simultaneous strikes that began with one assembly plant each of the Detroit Three. The additional facilities added about 5,600 workers to the 12,700 already on strike.
... MoreGeneral Motors (GM) September weekly option implied volatility amid strike headlines
September 21, 2023 10:58 AM EDTGeneral Motors (NYSE: GM) September weekly call option implied volatility is at 45, October is at 33; compared to its 52-week range of 27 to 60.
... MoreFord Motor (F) September weekly option implied volatility increases
September 21, 2023 10:56 AM EDTFord Motor (NYSE: F) September weekly call option implied volatility is at 45, October is at 35; compared to its 52-week range of 27 to 588.
... MoreStellantis (STLA) option IV steady
September 21, 2023 10:55 AM EDTStellantis (NYSE: STLA) October call option implied volatility is at 31, November is at 30; compared to its 52-week range of 23 to 423.
... MoreVinFast Auto (VFS) VinFast reports revenue surge in first annual report since debut
September 21, 2023 9:13 AM EDTShares of Vietnamese electric vehicle company, VinFast Auto (NASDAQ: VFS) are up 0.58% in pre-market trading Thursday after the company announced a 131.2% rise in revenue in its first quarterly report since going public in August.
The electric automaker reported Q2 revenue of 7.95 trillion... More
Auto workers rally as deadline nears to expand strikes on Detroit Three
September 21, 2023 6:03 AM EDTBy Hyunjoo Jin and Bianca Flowers
CHICAGO (Reuters) -United Auto Workers (UAW) members rallied against the Detroit Three automakers in multiple U.S. states on Thursday afternoon as Friday's deadline loomed for a threatened expansion of the union's strikes.
The seven-day standoff is fueling worries about prolonged industrial action that could disrupt production and ripple through the supply chain and dent U.S. economic growth.
The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors, Ford and Chrysler parent Stellantis.
Approximately 12,700 workers are on strike as a... More
