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UAW President Claps Back At Ford's And GM's Layoff Announcements: 'Their Plan Won't Work'
Sunday, September 17, 2023 - 1:18am | 427Read More...The United Auto Workers (UAW) strike has led to the temporary layoffs of non-striking employees at both Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM). UAW president, Shawn Fain, dismissed the automakers' plans for layoffs stating, "Their plan won't work."...
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There Is A Legitimate Reason To Explain Poor New Car Sales
Wednesday, August 2, 2017 - 10:11am | 410Read More...Sales of new vehicles in the U.S. throughout July were poor, and investors are scrambling to find an explanation, especially when factoring in a strong growth of licensed drivers, relatively affordable financing and cheap gas. But the answer is quite simple, Bloomberg reported. Going back 20 years...
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Trump's Next Auto Target: Canada?
Thursday, January 19, 2017 - 5:16pm | 384Read More...President-elect Donald Trump hasn't shied away from warning Detroit's automakers to manufacturer their cars in the U.S. or pay a large border tax. Trump then targeted German and Japanese automakers. Is Canada next? According to a Bloomberg report, Windsor, Ontario, is home to nearly 6...
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Fiat Chrysler Accused Of Allowing Excess Diesel Emissions In 100,000 Vehicles
Thursday, January 12, 2017 - 11:59am | 390Read More...Are we seeing a case of deja vu in the auto industry? The U.S. Environmental Protection Agency (EPA) is expected to accuse Fiat Chrysler Automobiles NV (NYSE: FCAU) of using software that was able to control diesel emissions in 100,000 vehicles, according to a Reuters report. An EPA official...
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Auto Stocks Spike Following GM's Encouraging Guidance At Detroit Conference
Tuesday, January 10, 2017 - 2:48pm | 299Read More...Auto stocks were notably higher on Tuesday after General Motors Company (NYSE: GM)surprised the Street with an earnings per share guidance for fiscal 2017, which exceeded Wall Street's estimates. General Motors' management team was speaking at the Deutsche Bank 2017 Global Auto Industry Conference...
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Cramer: Tech Companies Are Following The Auto Sector's Lead
Tuesday, January 10, 2017 - 2:00pm | 279Read More...U.S.-based technology companies have no interest in becoming the target of a Tweet from President-elect Donald Trump. Trump blasted many U.S.-based automakers for either moving or planning to move production facilities outside of the United States and into Mexico. For example, Trump Tweeted...
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Most Automakers Report U.S. Sales Decline During July
Tuesday, August 2, 2016 - 2:13pm | 588Read More...While most of automakers reported sales drop in the United States in July, thus triggering a selloff in the auto counter, there are also few positives to look upon. On a unit-wise basis, the sales were below than the expected levels. However, TrueCar Inc (NASDAQ: TRUE) sees that automakers have...
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General Motors May Need To Lower Costs In Europe To Cover Brexit-Related Headwinds
Thursday, July 21, 2016 - 2:35pm | 263Read More...Add General Motors Company (NYSE: GM)'s name to a list of companies that have "Brexit"-related concerns. According to Reuters, General Motors may need to lower its costs in Europe to offset as much as $400 million of headwinds that are related to the Brexit vote. In fact, the...
