automotive

China’s Ministry of Commerce and General Administration of Customs announced Friday that it will begin restricting exports of graphite, a key component of electric vehicle batteries. What Happened: Many EV companies, including Tesla, traded lower Friday, potentially on the news from...

The United Auto Workers (UAW) union and the three major Detroit automakers — General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and Stellantis N.V. (NYSE:STLA) — are at loggerheads concerning wage and union representation issues at upcoming electric vehicle battery factories...

General Motors (NYSE:GM) has put forward a proposal for the United Auto Workers members during an ongoing strike that has stretched on for over three weeks. The centerpiece of GM’s offer, which it announced Monday, is a 20% wage hike spread over the contract’s duration, which would...

If you have been waiting for the Apple Car, you may want to rethink your options. Apple analyst Ming-Chi Kuo has now said that he has "lost all visibility" on the Apple Car project. What Happened: Apple Inc. (NASDAQ:AAPL) could be losing the plot for its car project – while the Apple Car saga has...

President Joe Biden made history on Tuesday by becoming the first sitting U.S. president to join a picket line during a major strike. What Happened: The 46th U.S. president traveled to Michigan to show support for the United Auto Workers (UAW), which is striking all three major Detroit motor...

The Federal Open Market Committee meeting dominated the markets this week, with the Fed deciding to leave rates unchanged at 5.25%-5.5%, as widely expected. Dot Plot Indicates 1 More Rate Hike, Fewer Cuts in 2024: The median preference for the projected fed funds rate at the end of 2023 held...

The United Auto Workers announced an expansion of strikes at 38 locations across 20 states Friday. These strikes are predominantly focused on parts and distribution facilities for General Motors Co (NYSE:GM) and Stellantis NV (NYSE:STLA), according to UAW President Shawn Fain. Additional strikes at...

VinFast Auto Ltd. (NASDAQ: VFS) shares traded lower Thursday. In addition to shares of auto stocks being impacted by overall market weakness, the company also reported second-quarter earnings during market hours. What To Know: VinFast posted second-quarter earnings of a loss of 23 cents per share,...

Ford Motor Company (NYSE:F) could encounter further labor challenges as the Canadian union Unifor races against the clock to reach an agreement with the automaker before an extended deadline of 11:59 p.m. ET Tuesday. This situation has the potential to impact the production of certain pickup trucks...

Automaker Stellantis N.V. (NYSE:STLA)’s latest contract proposal to the United Auto Workers union threatens to shutter 18 U.S. facilities. The clash between the company and union leaders hinges on Stellantis’ vision of creating a “modernized” parts and distribution network,...

The United Auto Workers entered its fourth day on strike Monday with no immediate resolution on the horizon. Clocking in at a remarkable 88 years, it’s the first time the UAW has simultaneously squared off against all three of Detroit’s automakers — General Motors Co. (NYSE:GM),...

President Joe Biden on Friday addressed the ongoing strike by the United Auto Workers union against Detroit's three major automakers, urging both sides to negotiate further for a mutually beneficial agreement. Biden remarked about the significance of auto workers in the American...

The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts. The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA...

UAW President Shawn Fain did not mince words in a Thursday pushback against General Motor Company’s (NYSE: GM) wage offer, branding it as "insulting" during tense negotiations between the United Auto Workers union and Detroit's automotive giants. What Happened: GM's offer...

XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-...