UAW escalates strike with surprise walkout at Ford (F) Kentucky plant

Ford (F) recalls 230K Explorer SUVs for rollaway risk

Ford is recalling certain 2020-2022 Ford (NYSE: F) Explorers due to the potential risk of rolling away if the parking brake is not engaged.

According to the National Highway Traffic Safety Administration, 238,364 vehicles are affected by this recall. The issue stems from a... More

Ford (F) calls for deal to end UAW strike

On Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.

Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.

"We... More

Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues

Chrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.

In light of the strike, Stellantis disclosed that 1,340 employees are... More

Bank of America raises estimates on Stellantis (STLA) despite limited impact of UAW strike

Bank of America reiterated a Buy rating on Stellantis (NYSE: STLA) and raised their 12-month price target on the automotive stock to $23.00 (From $20.00) ahead of the companys 3Q report. Stellantis will report their 3Q sales results on October 31st.

The focus for Q4 and the 2024 outlook is expected to be on the order book,... More

General Motors (GM) OSHA recommends fines for GM joint venture battery plant

The Occupational Safety and Health Administration (OSHA), Thursday recommended imposing fines of $270,000 on a joint venture battery plant in Ohio, operated by General Motors (NYSE: GM) and LG Energy Solution.

The recommendation comes after inspectors found the company exposed workers to hazards when they failing to train on safety and emergency response procedures and did... More

Ford (F) Says 'Have Reached Our Limit' On Economic Offer To UAW - Bloomberg

Ford (NYSE: F) Says 'Have Reached Our Limit' On Economic Offer To UAW - Bloomberg

Ford Motor (F) Statement On Kentucky Truck Plant Work Stoppage

Ford Motor (NYSE: F) announced:

The decision by the UAW to call a strike at Fords Kentucky Truck Plant is grossly irresponsible but unsurprising given the union leaderships stated strategy of keeping the Detroit 3 wounded for months through reputational damage and industrial chaos.

Ford made an outstanding offer that would make a meaningful positive difference in the quality of life for our... More

Delta, Target, First Solar rise premarket; Ford, Domino's Pizza fall

Investing.com -- U.S. futures rose Thursday, ahead of the release of the eagerly-awaited September consumer prices report.

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

Delta Air Lines (NYSE: DAL) stock rose 3% after the carrier reported stronger-than-expected quarterly profit on strong international... More

Ford says it is 'at the limit' with UAW contract offer

By Joseph White, David Shepardson and Abhirup Roy

DETROIT/WASHINGTON (Reuters) - A senior Ford executive said Thursday the automaker is "at the limit" of what it can spend on higher wages and benefits for the United Auto Workers, and warned the union's strike at the company's most profitable factory could harm workers and slash profits.

"We have been very clear that we are at the limit," Kumar Galhotra, head of Ford's combustion vehicle unit, said during a conference call Thursday. "We stretched to get to this point. Going further will hurt our ability to invest in the... More

The UAW's 'record contract' hinges on pensions, battery plants

By Joseph White

DETROIT (Reuters) - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers.

General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements.

Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path... More

Idra builds gigapress casting machine for Ford (F) and Hyundai

Idra, a manufacturer of aluminum casting machines in Italy and a supplier to Tesla (NASDAQ: TSLA), has expanded its customer roster to include Ford (NYSE: F), Hyundai, and a European company, reflecting the growing interest among automakers in... More

Italian union cuts annual production forecasts for Stellantis (STLA)

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

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

Samsung SDI, Stellantis choose Indiana for second joint EV battery plant

By Heekyong Yang and Joseph White

SEOUL (Reuters) -Stellantis and South Korea's Samsung SDI Co Ltd on Wednesday said they will build a second electric vehicle battery plant in Kokomo, Indiana, the hometown of United Auto Workers President Shawn Fain.

The union leader is currently fighting with the Detroit Three automakers over union representation of new battery factories. The UAW had no immediate comment about the announcement.

Stellantis and SDI said their second joint battery factory in Indiana is scheduled to open in 2027, and could employ 1,400 workers. The two companies would have a combined annual production... More

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

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

General Motors Canada, Unifor Union Reach Tentative Agreement - Bloomberg

General Motors Canada, Unifor Union Reach Tentative Agreement - Bloomberg

GM Defense (GM) and Anduril Announce Teaming Agreement

GM Defense LLC, a subsidiary of General Motors (GM) (NYSE: GM), and Anduril Industries, Inc. announced a teaming agreement, establishing a framework to collaborate on defense program capture activities. The team is focused on delivering autonomy solutions, battery electrification and other new propulsion technologies, as well as those integrating the full range of Anduril technologies onto GM Defense mobility solutions.

The announcement aligns with the... More

These 15 stocks could surprise as Q3 earnings season is about to start - HSBC

The Q3 earnings season is here and analysts are out with their preview notes on what investors can expect from companies.

After experiencing three consecutive quarters of declines, earnings for the S&P index are anticipated to finally show a year-on-year increase in the third quarter of 2023. However, these expectations are relatively modest, according to HSBC, with consensus estimates suggesting meager growth of 1% year-on-year and 2.5% quarter-on-quarter.

Despite this, HSBC strategists led by Nicole Inui argue that the expectations are overly pessimistic.

Q3 Earnings Expectations

In the first and second quarters, earnings exceeded... More

General Motors (GM) PT Lowered to $43 at UBS

UBS analyst Patrick Hummel lowered the price target on General Motors (NYSE: GM) to $43.00 (from $44.00) while maintaining a Buy rating.... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR38 at Deutsche Bank

Deutsche Bank analyst Tim Rokossa raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR38.00 (from EUR34.00) while maintaining a Buy rating.... More