Stellantis (STLA) to introduce new commercial vehicles and strategy

Italian union cuts annual production forecasts for Stellantis (STLA)

October 11, 2023 9:06 AM EDT

Italy's FIM Cisl union on Wednesday revised its vehicle production outlook for Stellantis (NYSE: STLA) in Italy for the current year due to a recent deceleration in the market.

Presenting Stellantis' Italian production data for January to September, the union now anticipates the company's Italian output to reach approximately 730,000 vehicles in 2023.

While this represents a 6.4% increase compared to 2022, it falls short of the 800,000 vehicle projection that... More

Stellantis (STLA) and Samsung will build a 2nd joint EV battery plant in Indiana

October 11, 2023 8:52 AM EDT

Stellantis (NYSE: STLA) and South Korea's Samsung SDI Co Ltd revealed on Wednesday the two companies their plans to establish a second electric vehicle battery facility in Kokomo, Indiana, which happens to be the hometown of United Auto Workers President Shawn Fain.

The union leader is presently engaged in a dispute with the Detroit Three automakers regarding union representation in new battery plant establishments.

Stellantis and SDIs... More

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 NV (STLA) PT Lowered to $24.38 at Jefferies

October 9, 2023 7:48 AM EDT

Jefferies analyst Philippe Houchois lowered the price target on Stellantis NV (NYSE: STLA) to $24.38 (from $25.30) while maintaining a Buy rating.... More

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

October 6, 2023 2:36 PM EDT

United Auto Workers (UAW) President Shawn Fain held a Facebook live event Friday afternoon where he announced his union has made significant progress in their effort to push automakers towards meeting the demands of workers.

Fain announced that moments before this broadcast General Motors (NYSE: GM) agreed to place their EV battery manufacturing under the UAWs national agreement, calling the decision a... 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

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

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