Toyota (TM) to raise wages of US workers following UAW labor deals

Ford (F) Trucks partners with Quantron for joint development opportunity

November 2, 2023 2:32 PM EDT

Ford (NYSE: F) announced Thursday, along side sustainable passenger specialist, Quantron AG, that the two companies have signed a Letter of Intent (LOI) to evaluate Quantrons technology for integration into Ford Trucks.

In the initial stage of the partnership with Ford Trucks, Quantron guarantees a smooth... More

UAW eyes Toyota (TM) as a target for unionization

November 2, 2023 1:54 PM EDT

Leaders at the United Auto Workers (UAW) union signaled Thursday that they intend to further leverage the union's recent achievements in negotiations with the Detroit Three by organizing drives at Toyota (NYSE: TM), Tesla (NASDAQ: TSLA) and other nonunion U.S. auto factories.

Toyota Decided, following the concessions made by... More

Ford (F) monthly EV sales down 9.1% Y/Y following UAW strike

November 2, 2023 9:46 AM EDT

Detroits Ford Motor Co. (NYSE: F) released their sales results for the month of October 2023, reporting a 5.3% drop in total U.S. sales. The report follows a strike by the United Auto Workers (UAW). For nearly six weeks, the union staged walkouts at... More

Toyota (TM) to test EV pickup in Thailand

November 2, 2023 9:25 AM EDT

Toyota (NYSE: TM) executives announced, Thursday, plans to conduct trials for a new electric pick-up truck in Thailand. This move represents the company's ongoing endeavors to strengthen electric vehicle sales in the region, as it faces mounting competition from Chinese counterparts that are challenging its market position.

EVP of Toyota Daihatsu Engineering & Manufacturing, Pras Ganesh said that the automaker will trial a small number of EV pickups in the coastal... More

Barclays upgrades GM, Ford to Overweight on 'historically cheap valuation'

November 1, 2023 11:14 AM EDT

Barclays upgraded Detroit automakers, General Motors (NYSE: GM) and Ford (NYSE: F) to Overweight ratings (From Equal-weight) as the companies move past the recent six-week long UAW labor strikes.

Barclays analysts suggest that the various challenges facing the business have created "peak pain," resulting in historically low... More

Bernstein upgrades Stellantis (STLA) to Outperform following UAW agreement

November 1, 2023 10:05 AM EDT

Bernstein upgraded Stellantis (NYSE: STLA) to an Outperform rating (From Market-Perform) and raised their 12-month price target on the automotive stock to $26.40 (From $18.50) after the Detroit automaker secured a new labor deal with the United Auto Workers (UAW) union, effectively ending strikes against the... More

Stellantis (STLA) Announces Leadership Changes in China

November 1, 2023 5:44 AM EDT

Effective today, Grégoire Olivier will take the responsibility of a newly created liaison office to Leapmotor, reporting to Stellantis (NYSE: STLA) CEO Carlos Tavares. He will also serve as a board member of Leapmotor. Grégoire will ensure the dynamic execution of this new strategic partnership, including the creation... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR24 at RBC Capital

November 1, 2023 5:31 AM EDT

RBC Capital analyst Tom Narayan raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR24.00 (from EUR22.00) while maintaining a Outperform rating.... More

Stellantis NV (STLA:FP) (STLA) PT Lowered to EUR23.50 at Societe Generale

November 1, 2023 5:14 AM EDT

Societe Generale analyst Stephen Reitman lowered the price target on Stellantis NV (STLA:FP) (NYSE: STLA) to EUR23.50 (from EUR26.00) while maintaining a Buy rating.... More

Ford (F) PT Lowered to $8.75 at DZ Bank

November 1, 2023 4:57 AM EDT

DZ Bank analyst Matthias Volkert lowered the price target on Ford (NYSE: F) to $8.75 (from $11.00) while maintaining a Sell rating.... More

Toyota Motor Corporation (TM) Tops Q3 EPS by 186c

November 1, 2023 4:49 AM EDT

Toyota Motor Corporation (NYSE: TM) reported Q3 EPS of $6.24, $1.86 better than the analyst estimate of $4.38. Revenue for the quarter came in at $75.5 billion versus the consensus estimate of $72.58 billion.

For earnings history and earnings-related data on Toyota Motor Corporation (TM) click here.

... More

Bernstein Upgrades Stellantis NV (STLA) to Outperform

November 1, 2023 3:48 AM EDT

Bernstein analyst Daniel Roeska upgraded Stellantis NV (NYSE: STLA) from Market Perform to Outperform with a price target of $26.40 (from $18.50).

For an analyst ratings summary and ratings history on Stellantis NV click here. For more ratings news on Stellantis NV click here.

Shares of Stellantis NV closed at $18.68 yesterday.

... More

Bernstein Upgrades Stellantis NV (STLA:FP) (STLA) to Outperform

November 1, 2023 3:48 AM EDT

Bernstein analyst Daniel Roeska upgraded Stellantis NV (STLA:FP) (NYSE: STLA) from Market Perform to Outperform with a price target of EUR25.00 (from EUR17.00).

... More

Barclays Upgrades General Motors (GM) to Overweight, 'We prefer GM over Ford'

November 1, 2023 2:32 AM EDT

(Updated - November 1, 2023 4:46 AM EDT)

Barclays analyst Dan Levy upgraded General Motors (NYSE: GM) from Equalweight to Overweight with a price target of $37.00.

The analyst comments "We upgrade Ford and GM to OW from EW, as we believe the different pressures... More

Barclays Upgrades Ford (F) to Overweight

November 1, 2023 2:32 AM EDT

Barclays analyst Dan Levy upgraded Ford (NYSE: F) from Equalweight to Overweight with a price target of $14.00.

For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.

Shares of Ford closed at $9.75 yesterday.

... More

Ford (F) to bring F-150 Lightning to Switzerland this year

October 31, 2023 3:02 PM EDT

Ford Motor (NYSE: F) announced Tuesday that their popular F-150 Lightning electric pickup truck is coming to Switzerland in limited numbers this year.

Following its introduction to the United States during the 2022 model year, the Ford F-150 Lightning has significantly broadened its global... More

Deutsche Bank says losses may extend but will not derail EV transition

October 31, 2023 1:59 PM EDT

As emerging electric and legacy automakers voice concerns over what appears to be a deceleration of demand for battery electric vehicles, Deutsche Bank research analysts believe the existing BEV losses may extend but will not halt the industrys movement towards an EV transition.

During our IAA conference there was a debate if BEV adoption is slowing. This has now become a full blown concern about a potential EV demand meltdown. Writes Deutsche Bank analysts in a... More

Stellantis says UAW, Unifor strikes will cost carmaker less than U.S. peers

October 31, 2023 11:21 AM EDT

Investing.com -- Milan-listed shares in Stellantis (BIT:STLAM) rose on Tuesday after the Chrysler-owner said it does not expect a prolonged series of strikes at its plants to change the company's profitability and cash goals.

Six weeks of strikes over pay at factories in the U.S. and Canada are due to... More

Toyota (TM) to invest additional $8B in North Carolina EV battery plant

October 31, 2023 11:07 AM EDT

Toyota Motor (NYSE: TM), on Tuesday, announced that the Japanese automaker will make an additional $8B investment alongside the creation of approximately 3,000 new jobs, at its North Carolina electric-vehicle battery production facility.

The investment amplifies the Japanese automaker's efforts to transition... More

Deutsche Bank sees 'no hit' from UAW strike in October

October 31, 2023 10:45 AM EDT

Deutsche Bank research released an Industry update on the current state of the auto industry following the tentative conclusion of a six week long strike by the United Auto Workers against Detroits three biggest car companies, General Motors (NYSE: GM), Ford (NYSE: F), and Chrysler-parent Stellantis (NYSE:... More

Ford (F) PT Lowered to $15 at Morgan Stanley

October 31, 2023 8:11 AM EDT

Morgan Stanley analyst Adam Jonas lowered the price target on Ford (NYSE: F) to $15.00 (from $16.00) while maintaining a Overweight rating.... More

Stellantis confident it can offset financial impact of N. America strikes

October 31, 2023 3:06 AM EDT

By Giulio Piovaccari and Gilles Guillaume

MILAN (Reuters) -Stellantis said on Tuesday it would seek to offset a significant financial hit from strikes in North America that led to big pay increases, including looking at potential cost cuts.

Unions' coordinated strikes in the United States and Canada, which started last month and expanded in October, are ending this week after tentative agreements that won record salary increases for workers at the Detroit Three automakers.

Stellantis CFO Natalie Knight said the six-week strikes were unexpectedly long and would cost the group in the full-year 2023 less than 750 million euros... More

Ford Motor (F) Raised to Investment Grade by S&P

October 30, 2023 5:14 PM EDT

Ford Motor (NYSE: F) credit rating was raised to investment grade by the S&P with stable outlook.

... More

Stock Market Today: Dow racks up swashbuckling gains as big tech shows strength

October 30, 2023 4:16 PM EDT

Investing.com -- The Dow racked up gains to close higher Monday, as big tech led the broader move higher ahead of quarterly earnings from Apple due later this week, and the Federal Reserves interest rate decision slated for Wednesday.

The Dow Jones Industrial Average jumped 1.6% or 511 points, and the S&P 500 rose 1.2%, the Nasdaq gained 1.2%.

Big tech rallies ahead of Apple earnings

Big tech including Alphabet (NASDAQ: GOOGL), Meta Platforms Inc (NASDAQ: META), and Meta Platforms (NASDAQ:... More

Popular stocks with increasing volume: PLTR PFE PINS AMC BAC GM MARA RIVN

October 30, 2023 4:13 PM EDT

Popular stocks with increasing volume: PLTR PFE PINS AMC BAC GM MARA RIVN

... More

S&P 500 rallies ahead of busy week as Apple earnings, Fed decision eyed

October 30, 2023 2:55 PM EDT

Investing.com -- The S&P 500 jumped Monday, led by big tech ahead of the earnings from Apple later this week, and the Federal Reserves interest rate decision due Wednesday.

The S&P 500 rose 1.3%, the Nasdaq gained 1.3%, and the Dow Jones Industrial Average jumped 1.7% or 558 points.

Big tech rallies ahead of Apple earnings

Big tech including Alphabet (NASDAQ: GOOGL), Meta Platforms Inc (NASDAQ: META), and Meta Platforms (NASDAQ: META) rallied to lift the broader... More

Tesla (TSLA) shares dip as Panasonic announced production cut

October 30, 2023 2:29 PM EDT

Shares of electric vehicle maker, Tesla (NASDAQ: TSLA) dipped more than 5% Monday after Panasonic Holdings, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales.

Panasonic... More

Ford (F) to add 15k Tesla (TSLA) superchargers

October 30, 2023 12:10 PM EDT

Ford Motor (NYSE: F) announced Monday that the Detroit automaker will add north of 15,000 Tesla (NASDAQ: TSLA) Superchargers to the companys electric vehicle charging network, up from its earlier projection of 12,000 chargers.

The Detroit automaker said it plans to increase the scope of its BlueOval Charge Network in... More

Stellantis (STLA) call put ratio 1 call to 2.3 puts into quarter results and outlook

October 30, 2023 10:57 AM EDT

Stellantis (NYSE: STLA) November call option implied volatility is at 44, December is at 37; compared to its 52-week range of 23 to 424 into the expected release of quarter results before the bell on October 31. Call put ratio 1 call to 2.3 puts.

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General Motors (GM) reaches tentative deal to end UAW strike

October 30, 2023 10:03 AM EDT

General Motors (NYSE: GM) and the United Auto Workers (UAW) have come to a preliminary agreement less than 48 hours after the union began its strike at the Spring Hill Assembly plant in Tennessee, marking the conclusion of the initial joint strike against the Detroit Three automakers.

Details of the agreement have... More

UAW reaches deal with GM, ending strike against Detroit automakers

October 30, 2023 9:19 AM EDT

By David Shepardson and Joseph White

(Reuters) - General Motors and the United Auto Workers (UAW) struck a tentative deal on Monday, ending the union's unprecedented six-week campaign of coordinated strikes that won record pay increases for workers at the Detroit Three automakers.

The accord follows deals the union reached in recent days with Ford Motor and Chrysler-owner Stellantis - significant victories for auto workers after years of stagnant wages and painful concessions following the 2008 financial crisis.

"We wholeheartedly believe our strike squeezed every last dime out of General Motors," UAW President Shawn Fain said... More

GM (GM) Said To Reach Tentative Agreement With UAW To End Strike - Bloomberg

October 30, 2023 9:10 AM EDT

(Updated - October 30, 2023 9:17 AM EDT)

GM (GM) Said To Reach Tentative Agreement With UAW To End Strike - Bloomberg

Similar terms to the deal signed by FordReport cities people with knowledge of the matterDeal includes 25% hourly pay raise plus cost of living allowances... More

Unifor begins strikes at Stellantis (STLA) facilities in Canada

October 30, 2023 8:55 AM EDT

Canadian labor union, Unifor announced Monday morning that they have initiated strikes across all Stellantis (NYSE: STLA) facilities in the country. Over 8,200 union members have participated in the walkout, following a failure to secure a preliminary resolution during labor contract negotiations.

Unifor's key demands include enhanced wages and pension benefits.... More

McDonald's, Ford, Southwest Airlines rise premarket; Cisco fell

October 30, 2023 8:17 AM EDT

Investing.com -- U.S. futures rose Monday, starting a busy week full of earnings reports and an interest rate decision from the Federal Reserve on a positive note.

Here are some of the biggest premarket U.S. stock movers today:

McDonald's (NYSE: MCD) stock rose 2.6% after the burger... More

Stellantis (STLA) reaches labor deal with UAW as union expands strikes at GM

October 30, 2023 8:06 AM EDT

Stellantis (NYSE: STLA) and the United Auto Workers (UAW) union have tentatively agreed on a fresh labor contract, as confirmed by the UAW on Saturday, marking the resolution more than 40 days after the union initiated a strike against the Detroit Three automakers.

At... More

Ford shares inch higher pre-market following tentative UAW deal

October 30, 2023 7:53 AM EDT

Investing.com -- Shares in Ford Motor Company (NYSE: F) edged slightly higher in premarket U.S. trading on Monday, after the carmaking giant reached a tentative labor deal with the United Auto Workers union that would end long-standing strikes at some of the company's plants.

On Sunday, the UAW outlined the major parts of the 4-1/2-year agreement, which includes $8.1 billion in... More

General Motors (GM) PT Lowered to $40 at Argus

October 30, 2023 7:31 AM EDT

Argus analyst William Selesky lowered the price target on General Motors (NYSE: GM) to $40.00 (from $48.00) while maintaining a Buy rating.... More

Stellantis (STLA) November 18 straddle into quarter results

October 30, 2023 4:26 AM EDT

Stellantis (NYSE: STLA) November 18 straddle is priced for a move of 7% into the expected release of quarter results before the bell on October 31.

... More