UAW President Fain holds Facebook live event - 'Our strike is working, but were not there yet'

General Motors (GM) reaches tentative agreement with Canadian union to end strike

October 10, 2023 3:00 PM EDT

General Motors (NYSE: GM) and the Canadian labor union Unifor have reached a preliminary agreement on Tuesday, just hours after union employees initiated a strike at three GM facilities.

The union revealed that this preliminary agreement aligns with the prior agreement Unifor had established with Ford Motor (NYSE:... More

Stellantis (STLA) to introduce new commercial vehicles and strategy

October 9, 2023 9:42 AM EDT

Stellantis (NYSE: STLA) revealed Monday morning that the automaker plans to introduce reimagined Commercial Vehicles from multiple brands on Monday, October 23, at 3 p.m. CEST / 9 a.m. EDT.

Jean-Philippe Imparato, who leads the Commercial Vehicles Business Unit, and Xavier Peugeot, the Senior Vice... More

Carmakers Spared From New Strikes This Week As Talks Progress - Bloomberg

October 6, 2023 2:34 PM EDT

Carmakers Spared From New Strikes This Week As Talks Progress - Bloomberg

... More

Fain Says UAW 'Making Significant Progress' But No Deals Yet

October 6, 2023 2:30 PM EDT

Fain Says UAW 'Making Significant Progress' But No Deals Yet

... More

General Motors (GM) Made Concessions In Recent Talks With UAW - Reuters

October 6, 2023 2:18 PM EDT

(Updated - October 6, 2023 2:24 PM EDT)

General Motors (GM) Made Concessions In Recent Talks With UAW - Reuters

UAW president says it will not strike GM Arlington, TX plant.Says had a 'major breakthrough.'Says strike is working but we are not there... More

UAW's Fain to provide updates on talks with Detroit Three - Reuters

October 6, 2023 10:49 AM EDT

Investing.com -- A video address from United Auto Workers President Shawn Fain on Friday will include substantive updates on negotiations with the so-called Detroit Three carmakers, according to Reuters.

Citing people familiar with the matter, Reuters reported that Fain's statements -- scheduled for 14:00 p.m. ET (18:00... More

U.S. releases new guidance on EV tax credit rebate rules

October 6, 2023 10:26 AM EDT

The U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.

Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More

GM airbag recall could cost ~$4-5B - Wells Fargo

October 6, 2023 8:50 AM EDT

Wells Fargo reiterated an Underweight rating on General Motors (NYSE: GM) and maintained their 12-month price target of $29.00 on the stock following a report by the Wall Street Journal saying U.S. regulators are pushing to recall 52M ARC airbag inflators.

The National Highway Traffic Safety Administration (NHTSA), in a rarely held public forum, recommended the recall as a mechanism utilized in the... More

Pioneer, Disney, Virgin Galactic rise premarket; Exxon, Philips fall

October 6, 2023 8:16 AM EDT

Investing.com -- U.S. futures rose Friday, with investors awaiting the release of the key monthly jobs report for clues of future monetary moves by the Federal Reserve.

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

... More

Wells Fargo: The General Motors (GM) recall could cost ~$4-5B

October 6, 2023 5:30 AM EDT

Wells Fargo analyst Colin M. Langan reiterated an Underweight rating and $29.00 price target on General Motors (NYSE: GM).

The analyst commented: "Precedent airbag recalls at GM, Ford & Honda imply the recall costs could be $200 to $260 per vehicle. This implies a... More

Popular stocks with increasing volume: RIVN GM KO XOM SQ PLTR CVNA

October 6, 2023 4:09 AM EDT

Popular stocks with increasing volume: RIVN GM KO XOM SQ PLTR CVNA

... More

Popular stocks with increasing volume: RIVN GM KO XOM SQ PLTR CVNA

October 5, 2023 2:11 PM EDT

Popular stocks with increasing volume: RIVN GM KO XOM SQ PLTR CVNA

... More

NHTSA holds public hearing to recall 52M air bag inflators

October 5, 2023 1:46 PM EDT

Officials from the U.S. National Highway Traffic Safety Administration (NHTSA) Thursday recommended the government mandate a recall of 52 million air bag inflators manufactured by ARC Automotive and Delphi Automotive.

The regulators believe the inflators pose a potential risk of rupturing and ejecting metal fragments.

The NHTSA held a rare public hearing on the matter, which could trigger one of the most extensive recalls in U.S. history.

Delphi Automotive, which is a part of Autoliv (NYSE: ALV), produced approximately 11 million of these... More

General Motors (GM) makes counteroffer to striking UAW

October 5, 2023 1:17 PM EDT

Detroit automaker, General Motors (NYSE: GM) revealed Thursday that they have submitted a counteroffer to the United Auto Workers (UAW), its sixth since talks began, in hopes to end a strike by the union against the U.S. automaker.

"We believe we... More

GM (GM) Has at Least 20 Million Vehicles With Potentially Explosive Air-Bag Parts - WSJ

October 5, 2023 11:55 AM EDT

(Updated - October 5, 2023 11:55 AM EDT)

GM (GM) Has at Least 20 Million Vehicles With Potentially Explosive Air-Bag Parts - WSJ

NHTSA Holds Meeting to Consider Whether to Order Recall Over the Air-Bag Components... More

General Motors (GM) will bring Cadillac EVs to Switzerland and other European markets

October 5, 2023 10:39 AM EDT

General Motors (NYSE: GM) announced Thursday that the Detroit automaker will begin selling all-electric Cadillac vehicles in Switzerland, marking the initial move in its reentry into the European market after divesting the Opel and Vauxhall brands in 2017.

In a blog post, Jaclyn McQuaid, GM's... More

Potential investment falls through for Ford’s (F) German plant

October 5, 2023 10:16 AM EDT

Ford (NYSE: F) revealed Thursday that a prospective investor for its Saarlouis plant in Germany has withdrawn their interest, leaving employees once again uncertain about the fate of the facility and their employment status.

A representative from the labor union expressed dissatisfaction and frustration regarding this development. They also mentioned that discussions with the company would resume on Monday regarding a... More

Ford says potential investor in Saarlouis plant pulls out

October 5, 2023 8:35 AM EDT

By Victoria Waldersee

BERLIN (Reuters) -Talks between Ford and a potential investor in its plant in Saarlouis, Germany have fallen through, the carmaker said on Thursday, plunging workers back into uncertainty over the future of the site and their jobs.

A union representative expressed disappointment and anger at the news, saying talks with the company would continue on Monday on a collective bargaining agreement for workers who stood to lose their jobs.

"This will be expensive for Ford," union representative Joerg... More

Wallbox (WBX) teams with Free2move eSolutions to accelerate EV adoption in North America

October 4, 2023 2:34 PM EDT

EV charging and energy management solutions company, Wallbox (NYSE: WBX) announced Wednesday that they have partnered with Free2move eSolutions to promote the adoption of electric vehicles in North America.

Free2move is a joint venture with Stellantis (NYSE: STLA) created to design innovative... More

GM secures $6B line of credit as UAW strike continues

October 4, 2023 11:15 AM EDT

General Motors (NYSE: GM) announced Wednesday morning the procurement of a fresh $6 billion line of credit and disclosed that the financial impact of the United Auto Workers (UAW) strike in the 3Q amounted to $200 million, according to a company representative.

The strike, which began on September 15th and has now... More

Ford Motor (F) Announces Q3 Sales Up 7.7 Percent

October 4, 2023 9:17 AM EDT

Ford (NYSE: F) posted gains across its portfolio of gas, electric and hybrid vehicle lines in the third quarter with F-Series expanding its lead as Americas No. 1 selling truck, followed by record electric and hybrid vehicle sales and strong commercial Transit van sales.

Ford Continues as Americas No. 1 selling truck manufacturer as total truck sales expand in Q3Bronco family up 24.8 percent on sales of 66,120 SUVsNew 7th generation Mustang hits the streets first full month of sales up 90.4 percentFord hybrid vehicles post best-ever sales on strong F-Series and... More

September auto sales surpass expectations despite challenges

October 4, 2023 8:36 AM EDT

The United States, in September, witnessed an impressive resurgence in the automotive industry, with the SAAR for light vehicle sales reaching a remarkable 15.7 million. This surge marked a 16.2% year-over-year increase, surpassing J.P. Morgans earlier projection of 15.4 million.

One contributing factor to the surge in auto sales is pent-up demand. Adverse weather conditions in several states during August may have led potential buyers to delay their purchases, resulting in an influx of sales the following month.

Another key factor driving strong performance is the greater availability of cars... More

Wallbox (WBX) and Free2move eSolutions Collaborate to Accelerate EV Adoption in North America

October 4, 2023 6:37 AM EDT

Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a collaboration with Free2move eSolutions, a joint-venture with Stellantis (NYSE: STLA), dedicated to empowering customers with streamlined electric... More