UAW president calls for expanded strike; urges 7000 additional workers to join at noon

Ford (F) launches F-150 Lightning Flash with focus on tech

October 3, 2023 3:53 PM EDT

Ford (NYSE: F) has introduced the F-150 Lightning Flash, a cutting-edge electric pickup truck with an extended-range battery and BlueCruise technology. The F-150 Lightning Flash is priced starting at $69,995 and will be open for online orders through Ford.com in early 2024.

In a press statement, Marin Gjaja,... More

Stellantis (STLA) to build five new EVs at Italy’s Melfi facility

October 3, 2023 11:04 AM EDT

Italian labor unions announced Tuesday that Chrysler-parent, Stellantis (NYSE: STLA) will begin production of five new medium-sized electric vehicle models, representing various brands, at its Melfi plant in southern Italy. These vehicles are intended for the European and Middle Eastern markets and are scheduled for production... More

Stellantis (STLA) October option implied volatility amid union strike talks

September 29, 2023 10:47 AM EDT

Stellantis (NYSE: STLA) October call option implied volatility is at 31, November is at 30; compared to its 52-week range of 23 to 423.

... More

Ford Motor (F) October weekly option implied volatility amid union strike headlines

September 29, 2023 10:45 AM EDT

Ford Motor (NYSE: F) October weekly call option implied volatility is at 34, October is at 33; compared to its 52-week range of 27 to 588.

... More

General Motors (GM) option implied volatility movement amid union contract headlines

September 29, 2023 10:44 AM EDT

General Motors (NYSE: GM) October weekly call option implied volatility is at 35, October is at 33; compared to its 52-week range of 27 to 60.

... More

Stellantis (STLA) Made Significant Progress In Talks, UAW's Fain Says

September 29, 2023 10:41 AM EDT

Stellantis (NYSE: STLA) Made Significant Progress In Talks, UAW's Fain Says

No Further Strikes at Stellantis... More

UAW To Announce New Strikes At Assembly Plants At Detroit Three Automakers - Reuters

September 29, 2023 9:59 AM EDT

UAW To Announce New Strikes At Assembly Plants At Detroit Three Automakers -- Sources - Reuters

Ford (NYSE: F)GM (NYSE: GM)Stellantis N.V. (STLA)... More

UAW strikes could expand on Friday as negotiations deadline approaches

September 29, 2023 9:48 AM EDT

Investing.com -- The United Auto Workers union may reportedly expand its ongoing strikes at plants owned by three big U.S. automakers on Friday if labor talks with these firms fail to show significant progress.

Earlier this week, several media outlets reported that the UAW... More

Futures rise, PCE ahead, budget fight latest - what's moving markets

September 29, 2023 5:33 AM EDT

Investing.com -- U.S. stock markets remain on course for a September slump heading into the final trading day of the month, despite a positive session on Wall Street on Thursday. As the latest quarter also draws to a close, a gauge of inflation closely-watched by the Federal Reserve will be in focus, while investors will be keeping an eye on a tense budget fight in Washington ahead of a possible government shutdown this weekend.

1. Futures point higher

U.S. stock futures rose on Friday, suggesting an extension of gains made in... More

UAW makes new counter proposal to Chrysler parent Stellantis -union

September 28, 2023 3:05 PM EDT

By David Shepardson and Joseph White

(Reuters) -The United Auto Workers made a new counter-proposal to Chrysler-parent Stellantis on Thursday, just one day before the union is set to strike additional Detroit Three automotive facilities without serious progress in ongoing labor negotiations.

A union official confirmed the new proposal as talks remain active with Stellantis, General Motors and Ford Motor in the strike's fourteenth day.

The UAW and the Detroit Three have been far apart on key issues. As of Thursday, the UAW's position is that workers should get 40% pay increases, cost of living adjustments... More

Stellantis (STLA) announces leadership changes

September 28, 2023 2:59 PM EDT

Stellantis (NYSE: STLA) announced Thursday the appointment of Emanuele Cappellano as COO of Stellantis South America, as well as Antonio Filosa to Jeep Brand CEO, replacing Christian Meunier who is taking a break to focus on personal matters.

Stellantis also announced the... More

Britain keeps timeline for 2035 fossil fuel Car phase-out despite delay

September 28, 2023 1:58 PM EDT

Britain revealed Thursday that the country will continue with its previous timetable to eliminating fossil fuel-burning cars by 2035, mitigating the consequences of last week's five-year delay, which now mandates that petrol and diesel vehicles must incorporate hybrid engines.

This announcement means that the policy shift introduced last week by Prime Minister Rishi Sunak's will not generate as much disruption to the industry as manufacturers had... More

UAW union seeks minimum 30% pay increase - Bloomberg

September 28, 2023 11:54 AM EDT

Bloomberg reported Thursday that the United Auto Workers union is seeking a minimum 30% pay increase from Detroit's three major automakers.

Citing people familiar with the matter, the publication stated that 30% is the level the union feels will satisfy existing members and organize non-union plants. It is lower than the... More

UAW Targets 30% Pay Raise In Contract Talks With US Automakers - Bloomberg

September 28, 2023 10:43 AM EDT

(Updated - September 28, 2023 10:46 AM EDT)

The United Auto Workers union wants to emerge from its strike with the three major Detroit automakers with at least a 30% pay raise, according to Bloomberg, citing people familiar with the matter.

The level is lower than the around 40% hike it initially proposed.

... More

UAW warns of expanded strikes if progress isn't made by Friday

September 28, 2023 8:08 AM EDT

As the United Auto Workers (UAW) union enters its 14th day of striking against the Detroit 3 automakers (GM, Ford, Stellantis), reportd have surfaced that the union may announce extended strikes if progress in negotiations hasnt been made by 10 a.m. on Friday.

The new deadline set by the union follows the UAW's decision to extend its initial strike actions against GM and Stellantis to include 38 more parts and distribution facilities, one week... More

Stellantis (STLA) Appoints Emanuele Cappellano as COO of South America; Antonio Filosa as Jeep Brand CEO

September 28, 2023 8:05 AM EDT

Stellantis (NYSE: STLA) today announced the following organizational changes, effective November 1st, 2023.

Emanuele Cappellano is appointed Chief Operating Officer of Stellantis South America, replacing Antonio Filosa. He previously served as South America Chief Financial Officer for the Company from 2017 to 2021, and currently serves as North America CEO & Group Strategy and Corporate Development Director at Marcolin Group since October 2021.

Antonio... More

UAW Threatens More Strikes as GM, Stellantis Try to Keep Repair Parts Flowing

September 28, 2023 5:43 AM EDT

UAW Threatens More Strikes as GM, Stellantis Try to Keep Repair Parts Flowing - WSJ

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EV supplier Bedeo launches service converting diesel vans to electric in France

September 27, 2023 2:55 PM EDT

Bedeo, a British electric vehicle provider, announced Wednesday the launch of a service aimed at transforming numerous diesel vans into electric hybrids. The service is launching in France, capitalizing on government incentives designed to encourage the conversion of traditional fossil-fuel vehicles.

France offers a generous 9,000-euro ($9,509) subsidy available to support electric vehicle retrofits, under the condition that each converted vehicle successfully pass a government-mandated vehicle assessment.

The conversion of conventional fuel... More

UAW Has New Round Of Bargaining Set With GM (GM) At 4 p.m.-- Source - Reuters

September 27, 2023 2:06 PM EDT

UAW Has New Round Of Bargaining Set With GM (GM) At 4 p.m.-- Source - Reuters

... More

UAW could expand strikes at Detroit Three on Friday

September 27, 2023 2:05 PM EDT

By David Shepardson, Joseph White

DETROIT (Reuters) -The United Auto Workers union could strike additional Detroit Three automotive facilities on Friday if there is no serious progress in labor negotiations, a source familiar with the talks said.

The union did not elaborate ahead of a planned video address by UAW President Shawn Fain at 10 a.m. ET (1400 GMT) on Friday. Bargaining continues at Ford, General Motors and Chrysler parent Stellantis.

If Fain triggers walkouts at more plants starting at noon (1600 GMT) on Friday, the UAW is expected to continue work stoppages currently underway until a new... More

UAW Set To Announce New Automaker Strike Targets Friday At 10 a.m. ET Barring Serious Progress In Talks -source - Reuters

September 27, 2023 1:57 PM EDT

(Updated - September 27, 2023 2:04 PM EDT)

UAW Set To Announce New Automaker Strike Targets Friday At 10 a.m. ET Barring Serious Progress In Talks -source - Reuters

UAW President Fain Set to Announce New Strike Targets Friday... More

Stellantis (STLA), GM (GM) Prepared to Use White-Collar Staffers to Keep Parts Moving Amid Strike - WSJ

September 27, 2023 12:37 PM EDT

Stellantis (STLA), GM (GM) Prepared to Use White-Collar Staffers to Keep Parts Moving Amid Strike - WSJ

Stellantis Lined Up Warehouse to Stockpile 2,500 Different Parts As Strike Workaround, Company Document Shows... More

Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'

September 27, 2023 11:05 AM EDT

Morgan 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