Stellantis NV
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 […]
Read More
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 […]
Read More
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 […]
Read More
Biden urges ‘fair agreement’ between UAW and Detroit automakers that avoids plant closures
Speaking in front of a backdrop of American-made vehicles and a UAW sign, President Joe Biden, then a presidential candidate, speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, Sept. 9, 2020. Leah Millis | Reuters DETROIT – President Joe Biden is calling for a “fair agreement” between the […]
Read More
UAW leader defends union’s lofty demands, (literally) trashes Stellantis contract proposals
During a Facebook Live on Aug. 8, 2023, UAW President Shawn Fain Screenshot The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union’s members who work for the Detroit automakers, while calling recent contract proposals from Stellantis “trash.” UAW President Shawn Fain during a Facebook Live webcast heavily criticized […]
Read More
Europe shares shut reduce as German economic climate stagnates Lender of Japan surprises with coverage tweak
European stocks closed a little decrease Friday as buyers processed a week of earnings and central bank decisions. Resource
Read More
S&P 500 futures are little adjusted as investors digest Big Tech earnings and await Fed determination: Live updates
Traders on the floor of the NYSE, June 30, 2023. Resource: NYSE Futures tied to the S&P 500 traded in the vicinity of flat Tuesday night as investors parsed a batch of company earnings from important know-how names and geared up for Wednesday’s interest charge coverage final decision. S&P 500 futures were being little transformed, […]
Read More
General Motors raises full-year guidance, announces deeper cost-cutting
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures through next year and […]
Read More
Electric powered helicopters could replace rideshares. How to invest in this ‘evolutionary’ technological innovation
Wall Street is frequently wanting to know what the upcoming will look like — and how to invest in the businesses that will electrical power it. Electric helicopters fit this concept and recently been given a excellent bit of trader notice. The formal label is for these aircraft is an electrical vertical choose-off and landing […]
Read More
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV […]
Read More