General Motors (GM) GM’s Cruise parks all driverless cars in U.S. amid safety concerns

Deutsche Bank says losses may extend but will not derail EV transition

October 31, 2023 1:59 PM EDT

As emerging electric and legacy automakers voice concerns over what appears to be a deceleration of demand for battery electric vehicles, Deutsche Bank research analysts believe the existing BEV losses may extend but will not halt the industrys movement towards an EV transition.

During our IAA conference there was a debate if BEV adoption is slowing. This has now become a full blown concern about a potential EV demand meltdown. Writes Deutsche Bank analysts in a... More

Deutsche Bank sees 'no hit' from UAW strike in October

October 31, 2023 10:45 AM EDT

Deutsche Bank research released an Industry update on the current state of the auto industry following the tentative conclusion of a six week long strike by the United Auto Workers against Detroits three biggest car companies, General Motors (NYSE: GM), Ford (NYSE: F), and Chrysler-parent Stellantis (NYSE:... More

General Motors (GM) reaches tentative deal to end UAW strike

October 30, 2023 10:03 AM EDT

General 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 EDT

Canadian 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 EDT

Stellantis (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

General Motors (GM) PT Lowered to $43 at DZ Bank

October 26, 2023 4:59 AM EDT

DZ Bank analyst Matthias Volkert lowered the price target on General Motors (NYSE: GM) to $43.00 (from $52.00) while maintaining a Buy rating.... More

General Motors (GM) option implied volatility amid UAW contract headlines

October 26, 2023 4:12 AM EDT

General Motors (NYSE: GM) 30-day option implied volatility is at 39; compared to its 52-week range of 27 to 46 amid UAW contract headlines.

... More

Ford (F), UAW Nearing Tentative Labor Agreement to Potentially End Six-Week Strike at Automaker - WSJ

October 25, 2023 3:54 PM EDT

(Updated - October 25, 2023 3:55 PM EDT)

Ford (NYSE: F), UAW Nearing Tentative Labor Agreement to Potentially End Six-Week Strike at Automaker - WSJ

Ford, Union Bargained Into Early Wednesday Morning Trying to Reach Deal on New Labor Contract... More

UAW appears to be moving toward a potential deal with Ford Motor (F) that could end strike - AP

October 25, 2023 1:28 PM EDT

UAW appears to be moving toward a potential deal with Ford Motor (NYSE: F) that could end strike - AP

The people said the union made a counter-offer to Ford that proposes a 25% general wage increase over the life of a new four-year contract... More

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

October 25, 2023 11:12 AM EDT

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

General Motors (GM) PT Lowered to $33 at Deutsche Bank

October 25, 2023 9:22 AM EDT

Deutsche Bank analyst Emmanuel Rosner lowered the price target on General Motors (NYSE: GM) to $33.00 (from $34.00) while maintaining a Hold rating.... More

General Motors (GM) PT Lowered to $41 at UBS

October 25, 2023 8:48 AM EDT

UBS analyst Patrick Hummel lowered the price target on General Motors (NYSE: GM) to $41.00 (from $43.00) while maintaining a Buy rating.... More

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

October 25, 2023 8:08 AM EDT

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

General Motors (GM) PT Lowered to $33 at Jefferies

October 25, 2023 7:53 AM EDT

Jefferies analyst Philippe Houchois lowered the price target on General Motors (NYSE: GM) to $33.00 (from $35.00) while maintaining a Hold rating.... More

General Motors (GM) PT Lowered to $38 at Mizuho Securities

October 25, 2023 6:35 AM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on General Motors (NYSE: GM) to $38.00 (from $40.00) while maintaining a Neutral rating.... More

General Motors (GM) PT Raised to $48 at RBC Capital

October 25, 2023 6:15 AM EDT

RBC Capital analyst Joseph Spak raised the price target on General Motors (NYSE: GM) to $48.00 (from $47.00) while maintaining a Outperform rating.... More

General Motors (GM) PT Lowered to $42 at Goldman Sachs

October 25, 2023 5:59 AM EDT

Goldman Sachs analyst Mark Delaney lowered the price target on General Motors (NYSE: GM) to $42.00 (from $47.00) while maintaining a Buy rating.... More