Carmakers Spared From New UAW Strikes As Talks Progress - Bloomberg

NHTSA probes GM’s self-driving unit for pedestrian risk

On Tuesday, U.S. auto safety regulators initiated an investigation to determine whether General Motors' (NYSE: GM) self-driving division, Cruise, is adequately prioritizing safety measures for its autonomous robotaxis to protect pedestrians.

The National Highway Traffic Safety Administration (NHTSA) disclosed that it has received two reports from Cruise concerning incidents in which pedestrians were harmed.

Additionally, the NHTSA has identified two additional incidents... More

General Motors (GM) to delay EV truck production at Michigan plant

General Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."

The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More

Tesla (TSLA) pushes US to adopt stricter fuel efficiency rules

Prominent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.

In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... More

Barclays starts Stellantis (STLA) at Overweight, forecasting modest growth amidst challenges

Barclays initiated coverage of Stellantis (NYSE: STLA) with an Overweight rating and set their 12-month price target on the stock at EUR 22.50.

STLA ranks high among EU/US OEMs in terms of profitability, cash flow, dividends, and efficient use of capital, making it a favored choice for many investors. However, Barclays analysts believes that due to the overall lack of interest in the EU Auto sector, its position is relatively weak.

Barclays predicts a margin adjustment, decreasing from... More

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