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Ford Q3 Earnings Highlights: Revenue Beat, EPS Miss, EV Sales Rise, Guidance Withdrawn Due To UAW Strike
Thursday, October 26, 2023 - 4:28pm | 606Automotive company Ford Motor Company (NYSE: F) reported third-quarter financial results after the market close Thursday. The results come just a day after the automaker reached a tentative agreement with the United Auto Workers union. Here are the key highlights. What Happened: Ford reported...
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UAW President Says Tesla Is Not The Enemy In Auto Strikes: 'They're The UAW Members Of The Future'
Wednesday, October 18, 2023 - 3:11pm | 882An ongoing battle between the United Auto Workers union and the big three Detroit automotive companies continues to trigger work stoppages and potential trouble to revenue and profits for those affected. In the latest developments, the UAW president shared potential future plans and concerns...
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GM's Canadian Workers Secure New Agreement Even As UAW Strike Drags On
Monday, October 16, 2023 - 12:49am | 497Canadian workers' union Unifor ratified a new agreement with Detroit-based automaker General Motors Co (NYSE:GM) on Sunday even as the automaker continues to reel under the impact of the United Auto Workers (UAW) union’s strike in the U.S. What Happened: A majority of Unifor members voted in...
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Double Whammy: How Detroit Casino Shutdown Could Hurt Gaming Stocks, State Of Michigan
Monday, October 2, 2023 - 4:54pm | 907With a United Auto Workers strike already throwing the Big Three Detroit automakers into disarray, Detroit is facing a second potential strike from another sector that represents a major revenue stream for the Motor City. Detroit Casino Workers Authorize Strike: Workers at the three...
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Ford CEO Sick Of UAW President Coverage: 'Been On The TV More Than Jake At State Farm'
Monday, October 2, 2023 - 4:13pm | 841The UAW strike enters day 18 with no end in sight, as more automotive factory workers join the picket lines. Ford Motor Company (NYSE: F) CEO Jim Farley is among the executives pushing back against the UAW demands. In a recent interview, Farley used a unique comparison to illustrate how much...
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Tesla Ultimately Wins From 'Long And Nasty' UAW Strike: Dan Ives
Thursday, September 21, 2023 - 12:02pm | 899The United Auto Workers union couldn't come to a contract agreement with the Detroit Big Three automakers, which has led to strikes at several facilities and a potential disruption for the sector. One analyst sees Tesla Inc (NASDAQ: TSLA) and non-union foreign automakers as the biggest winners...
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GM President Counters UAW's 'Flow Of Misinformation,' Refutes 'Poverty Wages' Allegations
Wednesday, September 20, 2023 - 4:19pm | 672Negotiations between the Detroit Big Three automakers and the United Auto Workers union remain at an impasse, with a missed contract deadline leading to strikes against the auto companies. Here’s the latest from General Motors Company (NYSE: GM). What Happened: The UAW is asking for...
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5 Ways Tesla, Elon Musk Could Win From UAW Strikes Against Ford, GM, Stellantis
Monday, September 18, 2023 - 5:49pm | 1098The ongoing UAW strike from the big three Detroit automakers continued to be a big topic of discussion for the markets and auto industry. While no one knows exactly how long the strikes could last, some experts are pointing to Tesla Inc (NASDAQ: TSLA) and its CEO Elon Musk as the winners...
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Stand Up, Not Out: UAW's Strike Imminent — Union President Shawn Fain Just Rattled The Big 3's Cage
Wednesday, September 13, 2023 - 6:19pm | 694The United Auto Workers (UAW) President Shawn Fain sent a resounding warning to Big 3 automakers Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA), signaling an imminent strike is on the horizon if the union's demands aren't met....
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Tesla Already Dominates US EV Sector: What Could UAW Strike Mean For Competition, Market Share?
Wednesday, September 13, 2023 - 2:55pm | 854Factory workers at three U.S. automakers could strike as early as this week if a deal is not reached with the United Auto Workers union. The strike could lead to lower profits for automotive companies, higher auto prices for consumers and more market share gains for electric vehicle leader Tesla...
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UAW Strike Could Be Coming: Who Gets The Most Blame From US Adults — Ford, GM, Stellantis, The Union Or Joe Biden?
Wednesday, September 13, 2023 - 1:36pm | 827A strike by the United Auto Workers (UAW) union could happen later this week if a deal is not reached by a Sept. 15 deadline. Here’s a look at the latest on the potential strike and how Americans feel about it and who the blame should be placed on. What Happened: The UAW union is...
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AOC Reminds Billionaire Who Thinks Employees Are Overpaid That CEO-To-Worker Pay Gap Is 'At Highest Levels Ever'
Wednesday, September 13, 2023 - 7:55am | 612Rep. Alexandria Ocasio-Cortez (D-NY) criticized Australian property mogul Tim Gurner for suggesting that workers are overcompensated while doing too little. What Happened: During the Australian Financial Review's Property Summit, Gurner, the founder of Gurner Group,...
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Ex-Amazon Executive Famous For Bernie Sanders Twitter Feud Eyes Political Career
Thursday, September 7, 2023 - 5:40pm | 678After leaving Amazon.com Inc (NASDAQ: AMZN), a former executive has resigned from the company he subsequently joined as CEO. Here’s a look back at Dave Clark’s clash with Senator Bernie Sanders (I-VT) and the ex-Amazon executive's potential political aspirations. What...
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Have To 'Make Over $100,000 To Afford A New Car' - Former Ford CEO Says, While Talking Tesla's Price Cuts, Demand Issues
Friday, September 1, 2023 - 5:32pm | 587A former Ford Motor Company (NYSE: F) CEO is speaking out on the rising costs of vehicles, weakened demand and how a union strike could impact automotive companies moving forward. What Happened: Leading electric vehicle company Tesla Inc (NASDAQ: TSLA) recently announced price cuts to its...
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Netflix Could Have Secret Weapon To Manage The Hollywood Strikes: Cooking Shows And A New Restaurant?
Tuesday, August 22, 2023 - 6:16pm | 891The Hollywood strikes by writers and actors have shut down work on many major television shows and future movie releases. Media companies have gotten many questions on the impact and how long they have content for before it starts hurting their lineup and financials. One leading streaming company...