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J.P.Morgan said on Monday the ongoing strike by the United Auto Workers (UAW) has hit the operating profit of Ford Motor by $145 million and General Motors by $191 million in the third quarter.
The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over catastrophic engine failures tied to a faulty valve.
U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the "Detroit Three" for the rest of the year, analysts said.
About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just before Sunday at midnight ET (0400 GMT), the union and the company both said.
The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action.
The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
Quebec is in talks with battery makers and automobile companies looking to invest about C$15 billion ($11 billion) in the Canadian province over the next three years to build electric vehicle (EV) supply chains, the head of its government-owned investment company told Reuters.
The United Auto Workers are set to expand their strike of Detroit Three factories and walk off the job at one additional assembly plant at General Motors, Ford and Stellantis, three sources familiar with the matter said Friday.
The United Auto Workers are set to expand their strike of Detroit Three factories and walk off the job at one additional assembly plant at General Motors, Ford and Stellantis, three sources familiar with the matter said Friday.
The United Auto Workers will expand their strike of Detroit Three factories and walk off the job at one additional assembly plant at General Motors, Ford and Stellantis, three sources familiar with the matter said Friday.
The United Auto Workers will expand their strike of Detroit Three factories and walk off the job at one additional assembly plant at General Motors, Ford and Stellantis, three sources familiar with the matter said Friday.
By now, the headlines rewarding UAW (United Auto Workers) striking against the major U.S. car manufacturing firms, such as Ford Motor (NYSE: F), General Motors (NYSE: GM), and Stellantis (NYSE: STLA), have made their way to every investor's morning bulletin.
What these headlines
United Auto Workers union President Shawn Fain is expected to launch walkouts at more Detroit Three auto factories Friday, barring last-minute progress in bargaining that has moved slowly since last week.
The electric vehicle (EV) market is jam-packed with competitors ranging from younger entrants such as Tesla, Rivian, or Polestar to legacy automakers like Ford looking in new directions. One of the biggest end markets for EVs is China. And while Nio may be one of the most recogni
Tesla stock (Nasdaq:TSLA) has lost about 9% over the past five days, trading at about $244 per share. While the broader markets have been weak with the S&P 500 declining by about 4% over the same period, there have been a couple of other factors impacting Tesla stock. T
Canadian union Unifor said on Thursday it has informed General Motors that Oct. 9 has been set as the deadline for negotiating a deal with the U.S. automaker.
The United Auto Workers made a new counter-proposal to Chrysler-parent Stellantis on Thursday, just one day before the union is set to strike additional Detroit Three automotive facilities without serious progress in ongoing labor negotiations.
Reuters
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22 minutes 41 seconds ago
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