The latest trading session saw Ford Motor Company (F) ending at $11.93, denoting a +1.02% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 1.06%. On the other hand, the Dow registered a gain o
Zacks Rank #3 (Hold) stock Tesla (TSLA) is scheduled to report third-quarter earnings on Wednesday, October 18th, after the market closes. Year-to-date, shares of Tesla have outperformed the auto industry and the general market an
Ford F temporarily reduced its headcount at the Rouge Electric Vehicle (“EV”) Center in Michigan. Per Detroit Free Press, the layoffs are unrelated to the ongoing United Automobile Workers (“UAW”) strike. About 700 employees will
Ford executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike and reach a new labor agreement, warning of the growing impact to the automaker and the broader economy.
Per the China Passenger Car Association (CPCA), passenger car sales in China witnessed a 4.7% year-over-year increase to reach 2.04 million units, primarily driven by sales promotions and increased holiday purchases. Remarkably, t
Per the China Passenger Car Association (CPCA), passenger car sales in China witnessed a 4.7% year-over-year increase to reach 2.04 million units, primarily driven by sales promotions and increased holiday purchases. Remarkably, t
For Immediate ReleaseChicago, IL – October 16, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi
General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs.
Canadian labor union Unifor on Sunday said its members had voted in favor of a contract with General Motors, a relief for the automaker as it also faces a larger strike by hourly workers in the United States.
The following are the top rated Consumer Discretionary stocks according to Validea's Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundam
The United Auto Workers said on Saturday they had to escalate action against Ford as they expected a revised offer from the automaker but were given the same offer as two weeks ago.
Tesla (NASDAQ: TSLA) has been cutting prices all year and added another cut in just the last few weeks. But the impact on the business may not be what investors think. Margins are dropping and shipments aren't rising as a result of the price cuts.
Rivian (NASDAQ: RIVN) has been a promising electric vehicle company since coming to public markets, but it's run into a consistent problem. Operations are burning through money, and to get to cash-flow positive the company likely needs to build another manufacturing plant.
United Auto Workers President Shawn Fain said Friday that the union will not expand its strike against the Detroit Three automakers at the moment, but said they would now walk out of additional facilities without warning rather than wait until Fridays to announce new plans.
General Motors GM secured a tentative deal with approximately 4,300 Canadian autoworkers after the union, Unifor, representing these workers, initiated a national strike on Tuesday at three GM facilities.
The historic strike by the United Auto Workers (UAW) union against the Detroit 3 automakers —General Motors GM, Ford F and Stellantis STLA — entered its 29th day. In a surprise move this Wednesday, UAW initiated a strike at Ford’s
December S&P 500 futures (ESZ23) are trending down -0.24% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
December S&P 500 futures (ESZ23) are trending down -0.24% this morning after three major U.S. benchmark indices closed lower on Thursday as hotter-than-expected U.S. inflation data bolstered bets on Federal Reserve rate hikes while investors geared up for earnings from big U.S. banks.
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