As Detroit's automakers shut production in March due to the coronavirus pandemic, South Korea's Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world's fifth-largest auto group.
What happened
Shares of Ford Motor Company (NYSE: F) closed down on Tuesday, after comments from the United Auto Workers labor union (UAW) gave auto investors some concerns about the likely timing of factory reopenings in North America.
What happened
Shares of General Motors (NYSE: GM) were moving lower on Tuesday, after news reports and statements from the United Auto Workers (UAW) labor union made it clear to investors that auto factories in the United States won't be reopening soon.
The United Auto Workers union will announce on Tuesday it is endorsing Joe Biden for president in the 2020 election, a union spokesman confirmed to Reuters.
The Trump administration, under pressure to do more to ramp up coronavirus testing in order to safely reopen the battered U.S. economy, is highlighting this week a $2.9 billion program to build 187,000 ventilators this year.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
There are definitely winners and losers from the stay-at-home economy caused by COVID-19. But since the market has rebounded, a lot of the stay-at-home stocks may be close to fair value -- or even above it. Meanwhile, many of the "losers" of the outbreak in the travel, leisure,
2020 was supposed to be a good year for Ford Motor (NYSE: F). As the year began, with sales of the all-new Explorer and Escape gathering steam, Ford was looking ahead to an all-new Bronco in the spring -- and an all-new F-150 by year-end. After a couple of years of slumping mar
At this time last year, some analysts and investors were worried that General Motors (NYSE: GM) was losing ground in the lucrative full-size truck segment to Fiat Chrysler (NYSE: FCAU). Historically, Fiat Chrysler's Ram brand had held the No. 3 spot for full-size pickups in the
What happened
Shares of Hertz Global (NYSE: HTZ), Avis Budget (NASDAQ: CAR), and General Motors (NYSE: GM) are sliding 18%, 11%, and 5% lower early Thursday morning, respectively, after the New York Post reported Hertz is seeking government aid.
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