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The Latest Breaking News from GM

General Motors (GM), Honda Motor (HMC), and Harley-Davidson (HOG) - Auto Stock Buy or Hold?

Amid increasing demand for automobiles, the swift shift toward Electric Vehicles (EVs) should offer enduring resilience for the automotive industry. Given this backdrop, let’s figure out if auto stocks like Harley-Davidson (HOG), General Motors (GM), and Honda Motor (HMC) are a buy or a hold. Read on….

StockNews.com

Brown: Quality 11th F1 team will not dilute but add value

The FIA has received several entry requests to expand the grid beyond the current 10 teams.

Autosport

Ford reaches deal with union workers in Canada as UAW strike enters day 6

Ford avoided a second strike at its assembly and engine plants in Ontario, but talks remain stalled with UAW leaders in the U.S.

The Street

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GM To Idle Plant That Makes Brightdrop Electric Vans Until Spring 2024

The production halt is caused by delays in the delivery of needed Ultium battery modules that power the BrightDrop Zevo 600 and Zevo 410 electric vans.

InsideEVs

Should You Buy or Sell This EV Stock Near All-Time Lows?

Lucid Motors stock just fell to a record intraday low in today's session, extending its lengthy underperformance on the charts. Despite the EV stock trading at a fraction of its all-time highs, it still does not look like a buy.

Barchart

UAW sets Friday deadline for new strike action as Big 3 talks stall

UAW President Shawn Fain warned the Big 3 late Monday that union members are 'not messing around' as strike action enters its fourth day.

The Street

As autoworkers' strike continues in US, Ford workers threaten walkout in Canada

Negotiations between the Canadian Unifor union – representing 5,700 workers – and carmaker Ford have been extended for another 24 hours after a prior labour contract expired at midnight on Monday. A strike could be on the cards if a deal is not found by then. Meanwhile, the US's major…

France 24

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UAW has a unique strike strategy. It keeps Detroit Big 3 automakers guessing

For the first time, the UAW is on strike against the Big 3 U.S. automakers at once. Workers at three plants have been called out so far, with more to follow Friday if there's no progress on a deal.

WEKU

Musk and Tesla are the 'clear winners' of the Detroit auto strike. Analysts say Elon 'put champagne on ice' as he sees the ultimate EV victory

Analysts say Musk and Tesla are “clear winners” of the strike given the company’s non-union status that lets it continue to pump out cars while Detroit is shut down.

Fortune

General Motors CEO confronted over her own $29m salary amid UAW strike

Union argues wage rises haven’t matched company profits

The Independent UK

UAW Strike Drives Wedge Into Fractured U.S. Auto Industry, Could Tesla Come Out On Top?

Tesla could benefit from the UAW's strike against Ford, General Motors and Stellantis, giving the EV giant a leg up on its closest U.S. competition.

Investors Business Daily

Investors taking sides in auto strike

As stocks sagged on Friday, stocks of Big 3 automakers went up. Their competitors' shares went up more.

The Street

UAW strike offers leaders lessons on engaging workers in pay negotiations

Want to avoid a strike like the UAW’s? Include your workers in compensation decision-making.

Fortune

UAW rejects improved Stellantis pay deal as strike enters fourth day

UAW President Shawn Fain called Stellantis' improved pay deal a "no go" and vowed the union will do "whatever we have to do" to settle its Big Three dispute.

The Street

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InsideEVs

Chevrolet Equinox EV Government Images Emerge In China Ahead Of US Launch

The MIIT images show an RS-badged model that looks pretty much identical to the US-bound variant, sporting a closed front grille with integrated main beam lights and a rear diffuser.

The Independent UK

UAW justifies wage demands by pointing to CEO pay raises. So how high were they?

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase

The Independent UK

The auto workers strike will drive up car prices, but not right away -- unless consumers panic

If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit

WEKU

How the UAW strike could have ripple effects across the economy

There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.

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The Street

Here's what striking UAW auto workers want from the Big Three

It may take more than pay to convince United Auto Workers to end their rolling strike at key GM, Ford, and Stellantis plants.

WEKU

With unprecedented strike underway, auto workers want to 'play hardball'

Autoworkers' emotions — from excitement to fear and apprehension — are running high as the United Auto Workers launches an unprecedented strike against General Motors, Ford and Stellantis at once.

Fortune

The UAW’s Shawn Fain wants to wreck ‘the billionaire class’ as analysis reveals Ford, GM and Stellantis CEOs make at least 281 times their average employee

The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.

Fortune

Detroit’s striking auto workers want a 36% pay hike, mostly to cover inflation. Morgan Stanley thinks automakers can afford it

Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.

Barchart

UAW Strikes: Unusual Options Activity Suggests Investors Don’t Care

The United Auto Workers went on strike at midnight Friday. It is the first time the UAW has simultaneously walked out at all three of Detroit’s big automakers. The unusual options activity for the three automaker’s stocks suggests investors don’t care. That may change.

The Independent UK

Joe Biden says record auto profits should mean ‘record benefits’ as UAW launches historic Big 3 strike

Unprecedented worker actions mark first time that all three companies are targeted simultaneously

The Street

Tesla seen gaining share in EV race as UAW strike hits Big 3 rivals

Elon Musk says Tesla pays its workers more than UAW members, adding to cost pressures facing Big 3 rivals as they ramp-up EV production efforts.

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