Stellantis (STLA) to present new offer as UAW contract nears end

UBS says buy these two US automakers as potential UAW strike quickly approaches

UBS is showing strong confidence in the automotive industry, upgrading both General Motors (NYSE: GM) and Ford Motor Co. (NYSE: F) to Buy ratings, accompanied by revised 12-month price targets. Even as a UAW strike seems inevitable.

General Motors

UBS upgraded General Motors to a Buy rating (From Neutral) and raised their 12-month price target on the auto stock to $44.00 (From $41.00). This upgrade is grounded in GM's consistent performance amidst a highly uncertain and volatile economic landscape, notably maintaining an 8-10% GM North America (GMNA) EBIT-Adjusted... More

China EVs sink as EU launches probe into subsidies

Shares of Chinese electric vehicle manufacturers Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) experienced a decline in early trading Wednesday morning following a Bloomberg report that the European Union has initiated an inquiry into Chinese electric vehicle subsidies.

The European Commission president said that Brussels will launch an anti-subsidy... More

Ford (F) ramps hybrid pickup production

Ford (NYSE: F) is set to increase production of its hybrid F-150 pickup trucks in 2024, aiming to advance the automaker's shift towards gas-electric powertrains. This move serves as a precautionary measure against the reluctance of U.S. truck buyers to fully embrace all-electric vehicles.

In 2024, Ford plans to prepare 20% of its most popular model-line in the U.S. market with gas-electric... More

U.S. committee recommends royalties on mining minerals for EVs

A federal committee, Tuesday, put forth a suggestion to introduce royalties on U.S. hardrock mining with an aim to boost domestic mining production by generating additional funds for the agencies responsible for granting new mining permits.

This proposal is just one element of a comprehensive set of recommendations designed to enhance the supply of essential materials like lithium, cobalt, and nickel. Materials crucial for supporting the growth of a domestic electric vehicle (EV) industry, which plays a... More

Third Bridge analyst sees Ford (F) as most vulnerable if UAW strike

Third Bridge analyst, Shoggi Ezeizat conducted interviews with several auto executives regarding the potential for a strike by the United Autoworkers Union (UAW). Ezeizat's findings shed light on the situation within the automotive industry and its potential repercussions.

One key observation made by Ezeizat is the vulnerability of Ford Motors (NYSE: F) to... More

UAW talks 'moving very slow'; high likelihood of a strike says analyst

The Detroit 3 and UAW remain significantly apart in their contract negotiations as the September 14th deadline quickly approaches. However, there is a noticeable willingness from the UAW to make concessions on crucial terms, especially considering that their initial request, which they self-described as "audacious," appeared to be unattainable.

Recent proposals are asking for a mid-30% raise, rather than the... More

Stellantis (STLA) launched 3rd round of share buybacks

Stellantis (NYSE: STLA) announced Monday that they have teamed up with an independent investment firm to buy back some of its shares as part of the companys third round of its buyback program.

Back in February 2023, Stellantis, the parent company of... More

Stellantis (STLA) Commences Third Tranche of its Share Buyback Program

Stellantis N.V. (NYSE: STLA) announced today that pursuant to its Share Buyback Program (the Program) announced on February 22, 2023, covering up to 1.5 billion (total purchase price excluding ancillary costs) to be executed in the open market with the intent to cancel the common shares acquired through the Program and following the completion of the first and second tranches of the Program as previously announced, Stellantis has signed a share buyback agreement for the third tranche of its Program with an independent investment firm that makes its trading decisions concerning the timing of purchases... More

General Motors (GM) option IV into current union contracts end on September 14

General Motors (NYSE: GM) 30-day option implied volatility is at 31; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) option IV near low end of range amid strike headlines

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

Stellantis (STLA) option implied volatility steady into amid contract headlines

Stellantis (NYSE: STLA) 30-day option implied volatility is at 27; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Stellantis (STLA) to expand battery capacity to meet EV demand

The head of global propulsion systems at Stellantis (NYSE: STLA) announced Friday the company's intention to increase its battery production capacity to 400 GWh in order to meet the rising demand for electric vehicles.

"We have already announced about 250 gigawatt hours of capacity around the world. We believe... More

Stellantis (STLA) offers 14.5% wage increase to UAW's hourly workers

Chrysler-Dodge parent Stellantis (NYSE: STLA) revealed Friday that the Detroit automaker has proposed a 14.5% wage increase over a four-year period to U.S. hourly workers as part of its offer to the United Auto Workers (UAW) union, just prior to the contract's September 14 expiration date.

The proposed wage increase falls significantly short of the union's demand for a 46% salary raise. The UAW has declared that 97% of its... More

Stellantis (STLA) North America COO Issues Letter to Employees Regarding the Company's First Economic Proposal to the UAW

This has been a really good week at the bargaining table. We have made tremendous progress on hundreds of issues at the subcommittee level and I'm proud of the work our team has accomplished to get us to this point.

Today, we took an important next step in this process by presenting the UAW with our first economic proposal.

From the start of these negotiations, we have said we're committed to fairly rewarding you for your hard work and... More

Wells Fargo sees looming risk for Detroit 3; 'The strike will be temporary, but the labor concessions are permanent'

Wells Fargo remains underweight on Ford (NYSE: F) and General Motors (NYSE: GM) as they continue to see significant risks for the OEMs heading into the expiring UAW contract, which expires on September 14th.

We expect a D3-wide strategic or "bottleneck" strike vs. national strike. This would shut down most D3 production without drawing on the strike fund. Writes analyst, Colin Langan

The strike will be temporary, but the labor concessions are permanent. He added.

Wells Fargo's primary scenario anticipates a strike lasting approximately 45 days involving... More

We continue to see significant risks for the OEMs heading into the expiring UAW contract EV - Wells Fargo

Wells Fargo analyst Colin Langan: "We continue to see significant risks for the OEMs heading into the expiring UAW contract. We update our analysis for Ford's & GM's UAW proposals and address emerging investor questions. We remain UW GM & F."

General Motors (GM) option implied volatility into union contracts expiration

General Motors (NYSE: GM) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) 30-day option implied volatility at 28

Ford Motor (NYSE: F) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

Stellantis (STLA) option IV into contract expiration

Stellantis (NYSE: STLA) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Stellantis NV (STLA:IM) (STLA) PT Lowered to EUR21 at Berenberg

Berenberg analyst Adrian Yanoshik lowered the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR21.00 (from EUR22.00) while maintaining a Buy rating.... More

Stellantis (STLA) option IV increases

Stellantis (NYSE: STLA) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Ford Motor (F) call put ratio 1 call to 1.5 puts as share price below $12 amid union talks

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14. Call put ratio 1 call to 1.5 puts.

General Motors (GM) call put ratio 1 call to 2 puts amid union talk headlines

General Motors (NYSE: GM) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 1 call to 2 puts.

UAW president calls GM counteroffer 'insulting'

General Motors (NYSE: GM), Thursday, presented a counteroffer to the United Auto Workers (UAW) union, aiming to prevent an expensive strike. However, the President of the United Auto Workers, Shawn Fain, called the proposal "insulting."

GM mentioned that they put forward an offer to the union ahead of the September 14 contract deadline, offering workers a 10% pay raise and two extra annual lump sum payments of 3% each over four years.

Fain, who represents 146,000 workers, said GM's offer was "an insulting proposal that doesnt come close to an equitable agreement for Americas... More

UAW issues counteroffer to Ford (F); awaits Stellantis (STLA) offer later this week

On Wednesday, the United Auto Workers (UAW) union presented their own counterproposal on money matters for Ford Motor (NYSE: F). Meanwhile, Stellantis (NYSE: STLA), the parent company of Chrysler, is getting ready to share their counteroffer later this week.

As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers are set to expire on September 14, discussions are becoming increasingly... More