Stellantis (STLA) option implied volatility near low end of range as share price up 3.8%
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Stellantis (STLA) temporarily cuts shift at Jeep plant
December 8, 2023 10:05 AM ESTChrysler-parent, Stellantis (NYSE: STLA) announced its intention to temporarily reduce a shift at a Jeep factory in Detroit and make adjustments at another Jeep plant in Toledo, Ohio. These changes, according to the automaker, are expected to result in job cuts.
The car manufacturer, which holds ownership of Ram, Chrysler, Dodge, and Fiat brands, announced its intention to submit Worker Adjustment and Retraining Notification notices to the relevant... More
U.S. House votes to pause Biden EV regulations
December 7, 2023 3:48 PM ESTThe Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.
"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More
Over 1,000 VW workers sign union cards in Tennessee
December 7, 2023 10:34 AM ESTThe United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.
The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.
The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More
