The UAW's 'record contract' hinges on pensions, battery plants
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Bank of America raises estimates on Stellantis (STLA) despite limited impact of UAW strike
October 13, 2023 12:57 PM EDTBank of America reiterated a Buy rating on Stellantis (NYSE: STLA) and raised their 12-month price target on the automotive stock to $23.00 (From $20.00) ahead of the companys 3Q report. Stellantis will report their 3Q sales results on October 31st.
The focus for Q4 and the 2024 outlook is expected to be on the order book,... More
General Motors (GM) OSHA recommends fines for GM joint venture battery plant
October 12, 2023 3:08 PM EDTThe Occupational Safety and Health Administration (OSHA), Thursday recommended imposing fines of $270,000 on a joint venture battery plant in Ohio, operated by General Motors (NYSE: GM) and LG Energy Solution.
The recommendation comes after inspectors found the company exposed workers to hazards when they failing to train on safety and emergency response procedures and did... More
UAW escalates strike with surprise walkout at Ford (F) Kentucky plant
October 12, 2023 8:46 AM EDTThe United Auto Workers (UAW) union began a surprise strike against Ford Motor, specifically targeting the automaker's most profitable SUV and pickup truck production facility in Kentucky.
This unexpected strike started at 6:30 p.m. Eastern Time on Wednesday, disrupting operations at Ford's Kentucky Truck Plant. This facility is responsible for manufacturing Ford Super Duty pickups, along with the Ford Expedition and Lincoln Navigator SUVs. The workforce at this plant comprises 8,700 UAW members.
The strike raises places additional... More
