General Motors (GM) joins with Autocar Industries to build heavy-duty hydrogen vehicles

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

General Motors (GM) GM and partners launch national EV fast-charging network

General Motors (NYSE: GM), in partnership with EVgo Inc. (NASDAQ: EVGO) and Pilot Travel Centers LLC, announced Monday, the opening of the first 17 sites for a nationwide electric vehicle (EV) fast charging network across the United States.

The locations of the charging stations can be found on GM's... 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

GM hydrogen unit to supply fuel cells for Autocar's heavy vehicles

By Nick Carey

(Reuters) - General Motors' and Autocar Industries have agreed to jointly develop hydrogen-powered heavy vehicles powered by the No.1 U.S. automaker's fuel cell unit Hydrotec, the two companies said on Thursday.

The first of the new zero-emission vehicles which are traditionally powered by diesel engines - such as cement mixers, dump trucks, refuse trucks, road maintenance vehicles and terminal tractors - are expected to go into production in 2026 at Autocar's... More

Deutche Bank releases their top auto picks for 2024

Deutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.

The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More

Ford (F) option implied volatility as share price up 2.5%

Ford (NYSE: F) 30-day option implied volatility is at 27; compared to its 52-week range of 26 to 587 as share price up 2.5%.

General Motors (GM) option implied volatility near low end of range as share price up 2.7%

General Motors (NYSE: GM) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 46 as share price up 2.7%.

GM’s Cruise faces $1.5M fine for 'misleading' commission over vehicle accident

The Cruise robotaxi division of General Motors (NYSE: GM) is facing potential fines totaling $1.5 million, as well as further penalties, or not revealing specifics of an October 2 accident.

In this incident, a pedestrian was dragged by a robotaxi for 20 feet after being hit by another vehicle, a California agency said.

Separately, GM's CEO Mary Barra mentioned on Monday that the company's external examination of Cruise's safety measures... More

Pilot Travel Centers LLC, General Motors (GM) and EVgo (EVGO) Make Convenient, Accessible Charging a Reality with Opening of First Stations in Coast-to-Coast EV Charging Network

Pilot Travel Centers LLC, General Motors (NYSE: GM) and EVgo Inc. (NASDAQ: EVGO) today announced the opening of the first 17 locations of their previously announced national electric vehicle fast charging network. Now available in 13 states, the network features an elevated charging... More