GM, Ford slip after UAW warns of more walkouts, analysts say deal is close

Stellantis (STLA) closing in on deal to acquire 20% of China's Leapmotor

Stellantis (NYSE: STLA) confirmed Wednesday that the automaker was studying closer ties with Chinese carmakers following a Bloomberg report that said the company was nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company, Zhejiang Leapmotor.

Leapmotor and Stellantis are in talks about establishing a... More

General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk

California issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.

The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.

The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More

GM and Honda (HMC) cancel plans to co-develop affordable EVs

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More

Stellantis (STLA) to form JV with Orano to recycle EV batteries

Stellantis (NYSE: STLA) announced Tuesday the automakers plans to join with French nuclear fuels firm Orano to recycle used electric vehicle batteries and scrap from factories.

The two companies announced, in a joint statement, the signing of a memorandum of understanding, paving the way for the... More

Morgan Stanley remains Overweight on Stellantis (STLA) as UAW strikes continue to escalate

Morgan Stanley reiterated their overweight rating on Stellantis (NYSE: STLA) with a 12-month price target of EUR20.00 amidst escalating UAW strikes that have persisted for over 5 weeks.

The union further escalated strikes on Monday, calling for an additional 6,800 members to strike at Stellantis' largest assembly plant, pausing production of the automaker's RAM 1500 pickup truck. One of the companys most profitable vehicles. The plant is... More

GM 'moderating the acceleration of EV production', some EVs will be delayed says CEO Barra

Shares of General Motors (NYSE: GM) moved up nearly 1.30% before sinking 1.44% into the red in pre-market trading after the Detroit automaker reported its 3Q earnings results Tuesday morning, while in the midst of ongoing labor strikes by the United Auto Workers union.

The automaker reported a top line beat with adjusted earnings coming in at $2.28 versus the streets $1.88 estimate, while revenue came in at $44.1B, ahead of the consensus estimate of $42.62B.

"In the U.S., our strong sales, healthy ATPs (average... More

Stellantis (STLA) unveils full range of renewed electrified vans

Stellantis (NYSE: STLA), Monday, unveiled 12 refreshed and electrified compact, mid-size, and large commercial vans as part of the automakers Pro One strategic offensive.

The vehicles were revealed for the Citroën, FIAT Professional, Opel, Peugeot, and Vauxhall brands.

The updated commercial vehicle series introduces a 2nd generation... More

General Motors (GM) metal workers go on strike in Brazil

Workers in the metal industry at General Motors' (NYSE: GM) Brazilian facilities have made the decision to commence a strike beginning next Monday. Their decision to strike stems from their objection to the recent workforce reductions implemented by the U.S.-based automaker in the region.

According to reports from the... More