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General Motors (GM) reaches tentative agreement with Canadian union to end strike
October 10, 2023 3:00 PM EDTGeneral Motors (NYSE: GM) and the Canadian labor union Unifor have reached a preliminary agreement on Tuesday, just hours after union employees initiated a strike at three GM facilities.
The union revealed that this preliminary agreement aligns with the prior agreement Unifor had established with Ford Motor (NYSE:... More
UAW President Fain holds Facebook live event - 'Our strike is working, but were not there yet'
October 6, 2023 2:36 PM EDTUnited Auto Workers (UAW) President Shawn Fain held a Facebook live event Friday afternoon where he announced his union has made significant progress in their effort to push automakers towards meeting the demands of workers.
Fain announced that moments before this broadcast General Motors (NYSE: GM) agreed to place their EV battery manufacturing under the UAWs national agreement, calling the decision a... More
GM airbag recall could cost ~$4-5B - Wells Fargo
October 6, 2023 8:50 AM EDTWells Fargo reiterated an Underweight rating on General Motors (NYSE: GM) and maintained their 12-month price target of $29.00 on the stock following a report by the Wall Street Journal saying U.S. regulators are pushing to recall 52M ARC airbag inflators.
The National Highway Traffic Safety Administration (NHTSA), in a rarely held public forum, recommended the recall as a mechanism utilized in the... More
