General Motors (GM) metal workers go on strike in Brazil

General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk

California issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.

The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.

The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More

GM and Honda (HMC) cancel plans to co-develop affordable EVs

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More

GM 'moderating the acceleration of EV production', some EVs will be delayed says CEO Barra

Shares of General Motors (NYSE: GM) moved up nearly 1.30% before sinking 1.44% into the red in pre-market trading after the Detroit automaker reported its 3Q earnings results Tuesday morning, while in the midst of ongoing labor strikes by the United Auto Workers union.

The automaker reported a top line beat with adjusted earnings coming in at $2.28 versus the streets $1.88 estimate, while revenue came in at $44.1B, ahead of the consensus estimate of $42.62B.

"In the U.S., our strong sales, healthy ATPs (average... More

UAW expands strike against Stellantis, hitting pickup truck plant

By David Shepardson and Joseph White

WASHINGTON/DETROIT -The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis's largest assembly plant on Monday, hitting the automaker's profitable RAM 1500 pickup truck production in a major expansion of the more than month-old strike.

The UAW, which is striking the three big Detroit automakers, blamed the latest walkout by 6,800 workers at the Michigan plant on Stellantis having the "worst proposal" on the table on wage increases, temporary worker pay and conversion to full time status as well as cost-of-living adjustments.

More than 40,000 union members working at Ford,... More

UAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg

UAW Says 6,800 Members At Stellantis (STLA) Sterling Plant Join Strike - Bloomberg

General Motors (GM) October weekly option implied volatility into quarter results

General Motors (NYSE: GM) October weekly call option implied volatility is at 68, November is at 46; compared to its 52-week range of 21 to 252 into the expected release of quarter results before the bell on October 24.

GM, Ford slip after UAW warns of more walkouts, analysts say deal is close

(Reuters) - Shares of U.S. automakers Ford Motor and General Motors slipped about 1% each in morning trade on Monday after the United Auto Workers (UAW) union warned of more walkouts unless a new labor deal is reached.

UAW President Shawn Fain said on Friday that the automakers had converged on a 23% wage hike, but told members there was "more to be won".

Though Fain... More

General Motors (GM) October weekly 29.50 straddle into quarter results

General Motors (NYSE: GM) October weekly 29.50 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.

General Motors (GM) October weekly 29.50 straddle into quarter results

General Motors (NYSE: GM) October weekly 29.50 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.

GM matches Ford's (F) wage offer to UAW in bid to end strike

General Motors (NYSE: GM), on Friday, increased its proposal to the striking auto workers, matching Fords (NYSE: F) suggested 23% wage increase and additional benefits enhancements, hours before union leader Shawn Fain was set to address the ongoing negotiations.

"We have made... More

UAW presses Detroit automakers for better offer, threatens more walkouts

By Joseph White and Ben Klayman

DETROIT (Reuters) -United Auto Workers President Shawn Fain on Friday warned of more walkouts at U.S. truck and SUV factories unless the Detroit Three automakers improved wage and benefit offers, insisting companies could afford more than the record packages on the table.

"We're striking the Big Three like we've never struck before," Fain said. "These extremely profitable companies have more to give."

After five weeks of strikes, Fain said the UAW had received fresh contract offers from General Motors and Chrysler-parent Stellantis in the past 24 hours. Ford made... More

General Motors (GM) Provides Offer To UAW Workers, Including $40.39 An Hour Wage- Bloomberg

General Motors (NYSE: GM) Provides Offer To UAW Workers, Including $40.39 An Hour Wage- Bloomberg

US EV sales skyrocket in 3Q, China expands reach

According to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.

The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More

General Motors (GM) October weekly 29 straddle into quarter results

General Motors (NYSE: GM) October weekly 29 straddle is priced for a move of 6% into the expected release of quarter results before the bell on October 24.

Toyota (TM) adopts Tesla’s (TSLA) NACS

Toyota (NYSE: TM) announced Thursday, the Japanese automakers North American segment has reached an agreement with Tesla (NASDAQ: TSLA) to adopt the electric vehicle giants North American Charging Standard (NACS) connection for its battery electric vehicles... More

General Motors (GM) option IV into release of quarter results

General Motors (NYSE: GM) October call option implied volatility is at 47, November is at 41; compared to its 52-week range of 27 to 60 into expected release of quarter results on October 24.

Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops

Tesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.

Tesla CEO, Elon Musk voiced his apprehension about the... More