Stellantis NV
Jeep, Dodge maker Stellantis to make investments $1.6 billion in Chinese EV startup Leapmotor
Chinese EV maker Leapmotor introduced its 1st motor vehicle for the international marketplaces termed the C10. Arjun Kharpal | CNBC Stellantis on Thursday explained it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as classic automakers seem for a way to compete in China’s cutthroat sector. The businesses will sort […]
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Ford, UAW negotiators reach labor deal, pending union leadership approval
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. […]
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UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union is expanding its strike to a Stellantis plant in Michigan that produces Ram 1500 […]
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GM and Ford will answer to Wall Street and the UAW with third-quarter earnings this week
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are […]
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UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the […]
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What to make of the UAW’s shifting strike tactics after the latest escalation
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting closer to a deal. […]
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Stellantis, Samsung SDI to build $3.2 billion EV battery plant in Indiana
The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge’s Speed Week at M1 Concourse in Pontiac, Michigan, Aug. 17, 2022. Bill Pugliano | Getty Images DETROIT — Samsung SDI and automaker Stellantis plan to invest more than $3.2 billion in a new electric vehicle battery plant in […]
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Apprehensive about the unstable market? Analysts enjoy these 10 world shares with safe and sound and substantial dividends
Investors have to contend with an progressively volatile market — wider geopolitical challenges from the Israel-Hamas conflict are introducing to the existing uncertainty from mounting bond yields and larger prices. Some analysts advise buying dividend stocks as a way all around it. Morgan Stanley equity strategist Mike Wilson claimed in an Oct. 9 report that […]
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Canadian autoworkers strike against General Motors, joining UAW
Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada’s largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022. Richard Lautens | Toronto Star | Getty Images DETROIT — Labor strikes are now an international issue for General Motors after the Detroit automaker failed to reach a […]
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