Stellantis says UAW, Unifor strikes will cost carmaker less than U.S. peers
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Ford (F) Trucks partners with Quantron for joint development opportunity
November 2, 2023 2:32 PM EDTFord (NYSE: F) announced Thursday, along side sustainable passenger specialist, Quantron AG, that the two companies have signed a Letter of Intent (LOI) to evaluate Quantrons technology for integration into Ford Trucks.
In the initial stage of the partnership with Ford Trucks, Quantron guarantees a smooth... More
Ford (F) monthly EV sales down 9.1% Y/Y following UAW strike
November 2, 2023 9:46 AM EDTDetroits Ford Motor Co. (NYSE: F) released their sales results for the month of October 2023, reporting a 5.3% drop in total U.S. sales. The report follows a strike by the United Auto Workers (UAW). For nearly six weeks, the union staged walkouts at... More
Toyota (TM) to raise wages of US workers following UAW labor deals
November 1, 2023 2:06 PM EDTToyota Motors (NYSE: TM) announced Wednesday that the Japanese automaker will raise the wages of the companys nonunion U.S. factory workers. The announcement comes just days after the United Auto Workers (UAW) union won major pay and benefits enhancements from Detroit's three biggest... More
Barclays upgrades GM, Ford to Overweight on 'historically cheap valuation'
November 1, 2023 11:14 AM EDTBarclays upgraded Detroit automakers, General Motors (NYSE: GM) and Ford (NYSE: F) to Overweight ratings (From Equal-weight) as the companies move past the recent six-week long UAW labor strikes.
Barclays analysts suggest that the various challenges facing the business have created "peak pain," resulting in historically low... More
Bernstein upgrades Stellantis (STLA) to Outperform following UAW agreement
November 1, 2023 10:05 AM EDTBernstein upgraded Stellantis (NYSE: STLA) to an Outperform rating (From Market-Perform) and raised their 12-month price target on the automotive stock to $26.40 (From $18.50) after the Detroit automaker secured a new labor deal with the United Auto Workers (UAW) union, effectively ending strikes against the... More
Ford (F) to bring F-150 Lightning to Switzerland this year
October 31, 2023 3:02 PM EDTFord Motor (NYSE: F) announced Tuesday that their popular F-150 Lightning electric pickup truck is coming to Switzerland in limited numbers this year.
Following its introduction to the United States during the 2022 model year, the Ford F-150 Lightning has significantly broadened its global... More
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
