Leah Pruett Steps Away From NHRA Competition to Focus on Family, Hall of Fame Racer Tony Stewart to Drive Dodge//SRT Direct Connection NHRA Top Fuel Dragster in 2024

UAW accuses VW, Hyundai, and Honda of illegal union busting

The United Auto Workers (UAW) union announced Monday that workers organizing with the UAW at Honda (NYSE: HMC) in Indiana, Hyundai in Alabama, and Volkswagen in Tennessee, have filed charges against management for illegally union-busting.

The union, riding high on recent wins in Detroit, has been collaborating with employees from 13 different automakers to unite their workforce. Altogether, approximately 150,000 autoworkers are covered by this union effort.

These companies are breaking the law in an attempt to get... More

Wells Fargo starts Stellantis (STLA) at Underweight ahead of industry headwinds

Wells Fargo initiated coverage on Stellantis (NYSE: STLA) with an underweight rating and a 12-month price target of 18.

We believe the market is likely underestimating the magnitude of the structural challenges that the industry faces over the next few years. Wrote Wells Fargo analysts in a note.

Key headwinds include... More

Stellantis (STLA) temporarily cuts shift at Jeep plant

Chrysler-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

The 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

The 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