Big Three

In a recent development, former President Donald Trump has decided to address autoworkers in Detroit, opting out of the second Republican primary debate scheduled for Sept. 27. What Happened: According to a report by Politico, Trump’s Detroit visit coincides with the GOP debate in California...

In a recent turn of events, the President of the United Auto Workers (UAW), Shawn Fain, has declared his non-endorsement for President Joe Biden in the upcoming 2024 elections, as reported by The Hill. What Happened: Speaking on CBS’s “Face the Nation”, Fain made it clear that the...

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."...

Rep. Alexandria Ocasio-Cortez (D-NY) has criticized CNBC’s Jim Cramer for suggesting that the Big Three automakers temporarily move production to Mexico amid the ongoing United Auto Workers, or UAW, strike.  What Happened: Amid the UAW strike that...

General Motors Company (NYSE: GM) is closing five plants in 2019 as part of plans to cut $4.5 billion in costs and lower capital expenditures by $1.5 billion by 2020, the automaker said Monday.  Assembly lines in Oshawa, Ontario; Detroit; and Warren, Ohio, and propulsion plants in White Marsh...

General Motors Company (NYSE: GM) has been tagged a disputed leader in autonomous and electric consumer vehicles, and the perspective is gathering momentum. The traditional automaker converted a bear to a bull Tuesday to tally its 13th Buy rating against eight Holds and three Sells. The Rating...

Yes, Tesla Inc (NASDAQ: TSLA) surpassed Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) in value last week. The Silicon Valley company market cap stands at $47 billion as of Thursday's close, slightly under GM ($50 billion) while boasting a sizable lead over Ford ($44 billion...

Global auto demand is expected to continue to grow around 2 percent annually in 2016 and 2017, Nomura’s Anindya Das said in a report. He initiated coverage of Ford Motor Company (NYSE: F) with a Buy rating and of General Motors Company (NYSE: GM) with a Neutral rating. Auto sales in the...

What's next for Chrysler? The markets loved last week's news, that Fiat (OTC: FIATY) was acquiring the the remaining 41.5 percent of Chrysler still owned by the UAW Retiree Medical Benefits Trust. That transaction, according to Fiat, is expected to close on or before January 20. The smallest...

Bloomberg reported that Sony (NYSE: SNE) executives will forgo their bonuses. According to the story, about 40 executives will give up bonuses worth 30 to 50 percent of their annual pay. The move came after the board backed a proposal from CEO Kazuo Hirai to cut the bonuses. Hirai and former CEO...