General Motors (GM) to halt production in Fort Wayne due to supply shortage

Stellantis (STLA) expands SPOTiCAR program to the U.S.

Stellantis (NYSE: STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

SPOTiCAR, the manufacturer-approved pre-owned vehicle program, was originally introduced in Europe back in 2019 and reached across 11 countries. The program encompasses renowned brands like Alfa Romeo,... More

General Motors (GM) to close Arizona facility, cuts 936 positions

General Motors (NYSE: GM) revealed in a layoff announcement that the auto maker will be closing its Arizona technology center in Chandler, effectively cutting 936 jobs. The announcement comes roughly 18 months after it planned to hire several hundred more employees at the facility. The technology center is scheduled to close on October 31st, 2023.

The... More

Stellantis (STLA) enters dealership electrification agreement with AGI

Acknowledging the extensive national requirements involved in the design, implementation, and upkeep of EV charging networks at over 2,600 sites, Stellantis (NYSE: STLA) revealed on Wednesday their decision to appoint AGI as a turnkey infrastructure solutions provider. This partnership aims to support their dealers in their push towards electrification, encompassing all the necessary elements to establish electric vehicle supply equipment (EVSE) for charging purposes.

The... More

Texas EV owners prepare as additional fees kick in Sep. 1st

Texas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.

Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More

General Motors (GM) call put ratio 2.1 calls to 1 put amid strike talk headlines

General Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 2.1 calls to 1 put.

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

Anderson 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

The 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