Ford Motor Co
Biden held a Ford EV battery plant from likely abroad. But not everyone is joyful about it.
MARSHALL, MICH. – On a gusty early morning in a quaint central Michigan city, the sun’s glow hits the brightly coloured mural on the facet of a brick developing. It reads, in daring letters, “GREETINGS FROM MARSHALL.” The sidewalk is lined with attractive retailers like Residing MI, wherever operator Caryn Drenth arranges a stack of […]
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UAW president says union has filed unfair labor practice charges against GM, Stellantis over contract talks
UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT — United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the National Labor Relations Board for not bargaining with the union in good faith or […]
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Labor unions are pushing hard for double-digit raises and better hours. Many are winning
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC From writers’ rooms to car factories, workers are pressing companies for higher pay and better quality of life. Many are willing to walk off the job to get there, […]
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Tesla Autopilot security probe by federal motor vehicle regulators nears completion
A multi-calendar year investigation into the safety of Tesla’s driver guidance units by the Nationwide Highway Traffic Security Administration, or NHTSA, is drawing around a close. Reuters’ David Shepardson first reported on the hottest developments Thursday, citing NHTSA performing administrator Ann Carlson. CNBC confirmed the report with the federal car or truck security regulators. A […]
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UAW workers overwhelmingly vote to authorize strikes at GM, Ford, Stellantis
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – United Auto Workers members overwhelmingly granted union leaders authorization to strike during ongoing contract negotiations with General Motors, Ford Motor and Stellantis, […]
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Ferrari CEO says nearly a third of new buyers are under 40, even as wait lists grow
Despite a waiting list of three years for some of its cars, Ferrari’s CEO said the company has no plans to supercharge production to meet demand. “We are a brand that is not looking for volume,” Ferrari CEO Benedetto Vigna told CNBC in an exclusive interview from Pebble Beach. “We are a brand that is […]
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Automaker Stellantis has mentioned moving pickup truck generation from the U.S. to Mexico, union leader claims
UAW Vice President Rich Boyer addresses union associates for the duration of a “Solidarity Sunday” rally on Aug. 20, 2023 in Warren, Mich. Michael Wayland / CNBC WARREN, Mich. – Automaker Stellantis has threatened to transfer output of the recent Ram 1500 pickup truck from a manufacturing facility in suburban Detroit to Mexico, a union […]
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What Wall Street needs to know about UAW negotiations — and what they could cost
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. Michael Wayland / CNBC DETROIT – The Oracle of Omaha is cutting exposure to the U.S. automotive industry amid union negotiations — potentially for good reason. Warren Buffett’s Berkshire Hathaway this week said it nearly halved its […]
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Here’s a rapid-fire update on all 36 stocks in the Club’s portfolio, including 2 recent buys
During the Investing Club’s August Monthly Meeting, Jim Cramer provided his latest thinking on all 36 names in his Charitable Trust. Source
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Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. Michael Wayland | CNBC DETROIT – If the United Auto Workers union decides to strike against Detroit’s Big Three automakers when current labor contracts expire next month, the economic […]
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