Stellantis NV
Autoworker union accuses GM joint venture of denying access to organize workers
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 – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers to conduct a preliminary […]
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‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a bottom
With recent volatility in the stock markets, Citi has told clients to ” buy this dip ” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” […]
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Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the batteries and raw materials needed to make electric vehicles in the coming years, as the global automotive industry pivots to EVs to meet […]
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Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis logo displayed on a phone screen is seen with some of the company brands logos displayed in the background in this illustration photo taken in Krakow, Poland on December 7, 2021. Jakub Porzycki | NurPhoto | Getty Images Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build […]
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How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups
SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, […]
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Chrysler parent Stellantis plans $2.8 billion overhaul of two Canadian factories to build EVs
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as part of its $35 […]
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Detroit automakers aren’t letting up on a long-standing rivalry, even as they pivot to take on Tesla
Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. The F-150 Lightning is positioned to be the first full-size all-electric pickup truck to go on sale in the mainstream U.S. market. Bill Pugliano […]
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Amazon’s cloud business grows almost 37%, but slows from last quarter
Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and […]
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Wall Street is worried inflation and supply issues may dent GM and Ford earnings more than previously expected
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analysts that higher costs and supply chain disruptions will put pressure on 2022 earnings for General Motors and Ford Motor — even more than initially expected. Ahead of […]
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These global stocks look cheap after falling over 20% — and analysts love them
These buy-rated stocks look to be trading at a sharp discount and could be primed for big returns going forward. Source
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