Stellantis nears UAW deal after intensive talks
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Deutsche Bank says losses may extend but will not derail EV transition
October 31, 2023 1:59 PM EDTAs 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 EDTDeutsche 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 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
