Stellantis (STLA) Selects Charge Enterprises (CRGE) as Infrastructure Provider for US Dealership Network

Canada's Unifor targets Ford (F) in Detroit 3 labor talks

Unifor, Canadas largest private union, announced this week that the labor force has selected Ford Motor Company (NYSE: F) as their target in its negotiations with the Detroit Three.

Talks began with the car manufacturers, including General Motors (NYSE: GM) and Stellantis (NYSE: STLA), on August 10th. But on August 29th, Unifor... More

European car sales surge in July; EVs grow 61%

The European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.

The sales of electric vehicles surged... More

Charge (CRGE) announced leadership changes

Electrical, broadband and EV charging infrastructure company, Charge Enterprises, Inc. (NASDAQ: CRGE) Tuesday announced that they have named current Chief Operating and Compliance Officer, Craig Denson as Interim Chief Executive Officer, effective August 31, 2023.

The appointment follows the decision by Andrew Fox, in accordance with the board of directors, to resign from his role as CEO and Chairman of the Board.

On behalf of... More

Morgan Stanley said buy these two auto stocks amid looming strike

With the impending expiration of UAW contracts on September 14th, the anticipation of a more 'contentious' bargaining process has intensified due to several contributing factors.

Factors surrounding exceptionally elevated inflation rates, rhetoric from new UAW leadership, notably favorable margins for the Detroit Three (Ford, General Motors and Stellantis) in the current cycle, and a wide array of recent instances that have set precedent for union contract discussions across adjacent manufacturing and service sectors in the United States.

With the chance of a UAW strike more likely than in recent years, Morgan Stanley analyst, Adam Jonas believes... More

HSBC sees no sign of EV price war in Europe

Despite several reports of major price cuts and margin shrink, HSBC believes that the media reports of a pricing war in the European EV market may be somewhat exaggerated.

German newspaper, Handelsblatt recently referenced a PwC Strategy report to support the notion of a BEV price competition extending to Europe. However, this view is in contrast with statements coming from the automobile manufacturers.

HSBC Global Research found that there is a shortage of collected information on pricing in Europe and has decided to launch... More

Stellantis (STLA) partners with Charge Enterprises to electrify dealerships

Stellantis (NYSE: STLA) announced Monday a partnership with EV infrastructure company, Charge Enterprises. Selecting the charging company to help Stellantis 2,600+ dealers in their electrification efforts.

With this partnership agreement, Charge becomes the fourth recommended partner for dealer EV readiness for Stellantis dealers across... More