automakers

UAW’s strike against General Motors (NYSE: GM), Ford Motor (NYSE: F) and Chrysler-parent Stellantis (NYSE: STLA) is now in its 20th day. Yesterday, GM secured a new $6 billion line of credit, revealing that targeted strikes have already cost the automaker $200 million during...

On Monday, Tesla Inc (NASDAQ: TSLA) reported its vehicle deliveries slowed down during the third quarter, raising concerns about flagging demand. Also on Monday, Tesla EV rival, Rivian Automotive (NASDAQ: RIVN) topped quarterly delivery estimates as it more than doubled EV production. On Tuesday,...

On Monday, General Motors (NYSE: GM) and Ford Motor (NYSE: F) revealed they will be laying off 500 workers from four of their Midwestern facilities as yet another consequence of the unprecedented UAW strike that kicked off on September 15th. Last week, Bloomberg reported that Tesla Inc (NASDAQ:...

Until recently, Tesla Inc (NASDAQ: TSLA) rivals were mostly all about the EV talk, but Nissan Motor Co Ltd (OTC: NSANY) is among the first to walk its EV talk. Nissan CEO Mokoto Uchida made an official statement on September 25th, in which the automaker committed to all-electric vehicles in Europe...

Key Takeaways: Kaixin Auto aims to become a new energy vehicle maker with its acquisition of WM Motor and another NEV maker, even as the industry heads toward consolidation Kaixin’s shares are down 44% since announcement of the WM Motor acquisition, and continued to slide after a recent...

The United Auto Workers (UAW) strike against Ford, GM, and Stellantis is a pivotal moment in the auto industry. Tesla, contrasting with the big three automakers, has faced legal controversies due to its non-unionized status. Despite facing an 8% reduction in stock value in recent days and...

The UAW is threatening to launch additional strikes if agreements with Stellantis N.V. (NYSE: STLA), General Motors (NYSE: GM) and Ford Motor (NYSE: F) are not reached by noon EDT, September 22nd. On Monday, UAW President Shawn Fain announced an expansion of strikes if...

A potential escalation of strikes looms over automotive industry leaders General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis NV (NYSE:STLA). Their labor force, represented by the United Auto Workers (UAW), threatens to expand walkouts on Friday due to...

Key Takeaways: Display laser maker Appotronics sees big potential in the smartcar business, which is now negligible but could account for a significant portion of its sales in 2024 The company’s revenue fell 15.5% in the first six months of this year on weak laser TV sales, but its profit...

Key Takeaways： WM Motor could list in New York through a newly announced tie-up with Kaixin Auto, even though it suspended production and sales this year  The automaker’s annual sales last year dropped significantly to just 30,000 units  By Edith Au The “old master”...

The United Auto Workers entered its fourth day on strike Monday with no immediate resolution on the horizon. Clocking in at a remarkable 88 years, it’s the first time the UAW has simultaneously squared off against all three of Detroit’s automakers — General Motors Co. (NYSE:GM),...

Last week, Tesla Inc (NASDAQ: TSLA) made a rare appearance at this year’s Munich show with a revamped version of its best-selling Model 3 and together with Chinese EV makers, including its biggest China rival, BYD Company Limited (OTC: BYDDY), it overshadowed Europe’s...

To gain an edge, this is what you need to know today. Auto Worker Strike Likely Please click here for a chart of General Motors Co (NYSE: GM). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of GM stock is being used to...

The potential strike by the United Auto Workers (UAW) union, which represents hourly workers at Detroit's big three automakers, could spell good news for Tesla Inc. (NASDAQ: TSLA), suggests one analyst. What Happened: The labor union has been engaged in summer-long negotiations with...

Tesla Inc. (NASDAQ:TSLA) co-founder Elon Musk thinks that people will no longer shift gears manually or flip indicators in the future, suggesting that the entire process will become automatic. What Happened: The Tesla Model S can automatically shift gears and choose driving modes like ‘Drive' and ‘...