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THE TRUTH ABOUT: 45 | History Defined

Auto workers leader slams companies for slow bargaining, files labor complaint with government

The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands

The Independent UK

General Motors (GM) vs. Stellantis N.V. (STLA): Which Auto Stock to Set to Take Stage in September?

The auto industry is poised for long-term growth, supported by the rising demand for personal and commercial vehicles and the growing global transition to EVs. While leading auto stocks General Motors (GM) and Stellantis (STLA) should benefit from the industry tailwinds, let us determine which auto stock is set to…

StockNews.com

United Auto Workers strike – if it happens – should channel the legacy of Walter Reuther, who led the union at the peak of its power

The United Auto Workers are engaged in high-stakes labor negotiations that could lead to the union’s first simultaneous strike against all of Detroit’s Big Three automakers: General Motors, Ford and Stellantis, the company that owns Chrysler.

The Conversation

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Zinc Air Batteries Might Be Cheaper And Safer Than Lithium-Ion: Study

Zinc is abundant in countries like Australia, said the scientist who led the research at Edith Cowan University.

InsideEVs

3 Auto Stocks Setting up for Potential Gains

With the pent-up demand for new vehicles, improving inventory levels, and growing transition to EVs worldwide, the automotive industry is well-positioned for robust growth and expansion. Therefore, fundamentally strong auto stocks Stellantis (STLA), Volvo (VLVLY), and Rolls-Royce (RYCEY) could be valuable additions to your portfolio for impressive gains. Keep reading….

StockNews.com

Stellantis Explores Potential Collaboration With China’s Leapmotor: Report

Stellantis is considering a tie-up with Hangzhou-based Leapmotor, which sells electric models like the C11 SUV and C01 sedan in China.

InsideEVs

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Conversation

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‘We are burned out’: UAW ready to take on automakers in contract negotiations

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

The Guardian - US

U.S car industry would lose $5.5 billion if workers strike, report says. So far, negotiations have been rife with ‘theatrics and personal insults’

A walkout could cost carmakers almost a billion dollars over a week and a half, while workers could lose $860 million in pay.

Fortune

Stellantis' Plans To Build $25,000 EV In US Clash With UAW Demands

"Stellantis' business model is broken, and until they fix it, they'll never hit that $25,000 target," UAW President Shawn Fain said in a statement.

InsideEVs

4 Auto Stocks with Great Quality

The auto industry is expected to perform well this year due to the easing of inflation, increase in production, healthy job growth, and improving consumer sentiment. To that end, investors should consider quality auto stocks Tesla (TSLA) Mercedes-Benz (MBGAF), Bayerische Motoren Werke Aktiengesellschaft (BMWYY), and Stellantis N.V. (STLA). Read more.

StockNews.com

The auto worker's union is furious at what the parent of Chrysler and Jeep is offering to avoid a strike: ‘Management’s chosen to spit in our faces’

With their labor contract set to expire next month, United Auto Workers president Shawn Fain blasts low-ball offer by literally tossing it in the garbage bin.

Fortune

Opel Experimental Concept EV Debuts With Foldable Steering Wheel

Opel's EV concept has external dimensions that put it in the European C segment, so it should be smaller than a Tesla Model Y but similar to a Grandland.

InsideEVs

US investigating power-assisted steering failure complaints in older Ram pickup trucks

U.S. auto safety investigators have opened a probe into reports that some older Ram 1500 pickup trucks can lose their power-steering assistance with little or no warning

The Independent UK

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Inverse

Fiat’s Next Sub-$30,000 EV Might Be Europe’s Most Enticing

Fiat is working on an affordable city commuter EV based on its Panda hybrid, and priced around €25,000 in Europe.

InsideEVs

Stellantis Plans Sub-$27,000 Fiat Panda EV To Rival Dacia Spring

The new EV will be unveiled in July 2024 and will share components with the upcoming Citroën e-C3, Fiat CEO Olivier Francois said.

The Conversation

US autoworkers may wage a historic strike against Detroit’s 3 biggest automakers – with wages at EV battery plants a key roadblock to agreement

The United Auto Workers union, which represents nearly 150,000 employees of companies that manufacture U.S.-made vehicles, kicked off in mid-July 2023 the labor negotiations it undergoes every four years with the three main unionized automakers.

InsideEVs

Europe: Plug-In Car Sales In June 2023 Exceeded 300,000

In June, almost 312,000 new plug-in electric cars were registered in Europe, about 42% more than a year ago. That's about 25% of the total volume.

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The Independent UK

UAW to show list of economic demands to automakers this week, will seek worker pay if plants close

The new president of the United Auto Workers says the union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week

InsideEVs

First Chrysler EV Will Drop Airflow Name, Be Previewed By New Concept

Chrysler CEO Chris Feuell said the brand's first EV borrows some of the Airflow's features and aesthetics but has a more modern and tech-forward design.

Zenger

Ford Shares Slide As Jefferies Downgrades, Citing Worsening EV Losses

Jefferies analyst downgrades Ford to Hold, lowers price target amid concerns over electric vehicle unit losses.

The Hindu

Truth In Wine, Stellantis, Angeles, Last Wish, Michigan Melody and The Sovereign Orb impress

Truth In Wine, Stellantis, Angeles, Last Wish, Michigan Melody and The Sovereign Orb impressed when the horses were exercised in Bengaluru on Monday morning (July 31).

Kiplinger

UPS and UAW Labor Disputes Rage Over Wage Fights: Kiplinger Economic Forecasts

United Auto Workers are at a standstill in negotiations with the Big Three automakers, and UPS has narrowly avoided a Teamsters strike, for now.

Motor1

Fiat Outsold All The Other Stellantis Brands In First Half Of 2023

The Italian automaker has sold 645,000 cars globally so far this year.

InsideEVs

Tesla Entering "World Of Tight Pricing," Cost Woes: Stellantis CEO

Stellantis is now more profitable than Tesla and GM, but Carlos Tavares said the carmaker would not cut prices on his cars, squeezing production costs instead.

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