Completion of the Third Tranche of Stellantis Share Buyback Program and Weekly Report (December 1-7, 2023)
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UAW accuses VW, Hyundai, and Honda of illegal union busting
December 11, 2023 3:13 PM ESTThe 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
December 11, 2023 9:17 AM ESTWells 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
