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General Motors (GM) reaches tentative deal to end UAW strike
October 30, 2023 10:03 AM EDTGeneral Motors (NYSE: GM) and the United Auto Workers (UAW) have come to a preliminary agreement less than 48 hours after the union began its strike at the Spring Hill Assembly plant in Tennessee, marking the conclusion of the initial joint strike against the Detroit Three automakers.
Details of the agreement have... More
Unifor begins strikes at Stellantis (STLA) facilities in Canada
October 30, 2023 8:55 AM EDTCanadian labor union, Unifor announced Monday morning that they have initiated strikes across all Stellantis (NYSE: STLA) facilities in the country. Over 8,200 union members have participated in the walkout, following a failure to secure a preliminary resolution during labor contract negotiations.
Unifor's key demands include enhanced wages and pension benefits.... More
Stellantis (STLA) reaches labor deal with UAW as union expands strikes at GM
October 30, 2023 8:06 AM EDTStellantis (NYSE: STLA) and the United Auto Workers (UAW) union have tentatively agreed on a fresh labor contract, as confirmed by the UAW on Saturday, marking the resolution more than 40 days after the union initiated a strike against the Detroit Three automakers.
At... More
Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor
October 26, 2023 12:17 PM EDTStellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.
The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.
Morgan... More
