General Motors

The United Auto Workers (UAW) has decided to suspend further strikes against the Detroit Three auto plants following a significant concession from General Motors (NYSE:GM). According to a Reuters report, GM has shown an unexpected willingness to allow union contracts to...

In a post on X, formerly Twitter, Sen. Elizabeth Warren (D-Mass.) highlighted the substantial profits of leading automakers, advocating for fairer contracts for United Auto Workers (UAW). What Happened: On Tuesday, Senator Warren tweeted about the immense profits of General Motors Co (NYSE:GM),...

President Joe Biden is facing mounting pressure from Democratic lawmakers to show solidarity with striking auto workers, a move unprecedented for a sitting president, The Washington Post reported. “It would send a very strong message that Democrats stand for working...

As the ongoing strike by United Auto Workers (UAW) enters its fourth day, Ford Motor Company (NYSE:F), with the most UAW members among Detroit’s Big Three automakers, may resort to a lockout, warns CNBC’s Jim Cramer, CNBC reported. Negotiations over a new labor agreement made...

Rep. Alexandria Ocasio-Cortez (D-NY) has criticized Ford Motor Co. (NYSE:F) CEO Jim Farley for significantly increasing chief executive compensation while asserting that the company has not adequately addressed worker concerns amid the ongoing United Auto Workers, or UAW, union strike. What...

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...

The United Auto Workers or UAW‘s strike at a Missouri plant has raised concerns about the imminent shutdown of General Motors Corp.‘s (NYSE:GM) Kansas assembly plant due to parts shortages. What Happened: On Friday, UAW initiated a concurrent...

The United Auto Workers, or UAW, union announced that it will resume negotiations on Saturday after the simultaneous strikes at General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F), and Chrysler parent Stellantis NV (NYSE:STLA) plants caused parts shortage. What Happened: The strike, one of the ...

In a bid to influence voters in the critical state of Michigan, former U.S. President Donald Trump has vowed to put an end to the current administration’s push for electric vehicles (EVs). What Happened: On Monday, Trump posted a criticism of the EV industry and President Joe Biden’s...

U.S. Senator Bernie Sanders urged the three leading U.S. car manufacturers, namely Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM) and Stellantis NV (NYSE:STLA), to engage in fair negotiations with the United Auto Workers(UAW) union to avert a potential...

California’s Department of Motor Vehicles (DMV) on Friday instructed General Motors Co’s (NYSE:GM) Cruise to withdraw 50% of its operating vehicles off roads after one of its autonomous cars crashed with an emergency vehicle. What Happened: Cruise will now have no more than 50...

General Motors (NYSE:GM) revealed its intention to outfit all its electric vehicles with the capability to serve as backup power during electricity blackouts. This move to incorporate a two-way charging technology in the Chevrolet, Cadillac, and GMC electric vehicles will allow them to power homes...

In 2021, many investors learned a painful lesson that the time it would take to make self-driving cars a reality didn't match up to the hype. But that doesn't change the fact that the underlying technology behind autonomous driving is still sound. And many companies have big plans to make...

Seven automakers now seek to develop a new charging network joint venture in a bid to develop charging infrastructure across the country and compete with EV giant Tesla’s supercharger network. What Happened: The seven automakers include BMW Group (OTCPK: BMWYY), General Motors (NYSE:GM),...

On Thursday, July 20, 2023, Cathie Wood’s Ark Invest made two trades, one of which was a significant investment in Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ:TSM). This move comes in the wake of the company’s recent Q2 earnings report and amidst a broader focus on AI technologies. The...