Stellantis to Announce Third Quarter 2023 Shipments and Revenues on October 31
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Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues
October 16, 2023 9:05 AM EDTChrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.
In light of the strike, Stellantis disclosed that 1,340 employees are... More
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
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
