General Motors (GM) option implied volatility flat
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Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B
August 21, 2023 3:11 PM EDTAnderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.
The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More
California DMV probes GM's Cruise robotaxi following crash
August 21, 2023 11:20 AM EDTThe California Department of Motor Vehicles (DMV) announced Friday that the state auto regulator has opened an investigation into recent concerning incidents surrounding General Motors (NYSE: GM) Cruise autonomous vehicle unit. The DMV has also asked that GM remove half of their robotaxis from service while the investigation is under way.
The statement from the California DMV follows an incident involving a Cruise robotaxi and an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars.
"The DMV reserves the right,... More
