$STLAM-IT News

Last published 6mo ago

6mo agoSTLA STLAM-ITJeep maker Stellantis beats expectations as first-quarter operating income tops $1 billionCNBCThe multinational conglomerate posted first-quarter adjusted operating income of 960 million euros ($1.19 billion), comfortably beating analyst expectations.
2y agoSTLAM-IT STLA GTDodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from StellantisCNBCStellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.
2y agoSTLAM-IT STLAStellantis to rapidly grow exports of Chinese EVs to Europe, other countriesCNBCThe announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other countries.
2y agoSTLAM-IT TSLA F GM+3Why a small China-made EV has global auto execs and politicians on edgeCNBCThe China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).
2y agoSTLAM-IT STLA TSLADodge Charger will live on as a new EV and a gas-powered muscle carCNBCDodge on Tuesday revealed the new Charger as an all-electric vehicle as well as a next-generation gas-powered muscle car.
2y agoGM F STLAM-IT ZE594-CN+4Why China poses a growing threat to the U.S. auto industryCNBCChinese companies are releasing new models in record times, and many are producing EVs efficiently and profitably.
2y agoSTLAM-IT GM F STLA+3Here's why the UAW's record deals with GM, Ford and Stellantis aren't getting full supportCNBCThe deals, which were recommended for ratification by UAW leaders, are each currently on pace to pass. Yet they've received notable rejections at Ford and GM.
3y agoSTLA STLAM-IT GM FStellantis' new Ram pickup is an EV — with a gas-powered generator in case the battery runs outCNBCThe new Ram pickup can operate as an EV until the battery dies and an onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle.
3y agoSTLAM-IT STLA GM FUAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plantCNBCThe largest investments under the deal include $1.5 billion each for Belvidere Assembly in Illinois, a Dodge-Jeep plant in Detroit and a Jeep complex in Ohio.
3y agoSTLA STLAM-IT GM FCanadian auto union initiates national strike at Chrysler-parent StellantisCNBCAfter reaching a tentative agreement Saturday with the United Auto Workers union , Chrysler-parent Stellantis is now facing a national labor strike in Canada.
3y agoSTLAM-IT undefined ZE594-CN TSLA+4Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup LeapmotorCNBCStellantis is looking to boost its presence in China where it is a small player, while Leapmotor has ambitions to expand aggressively into Europe.
3y agoSTLAM-IT STLA GM FUAW expands strike to Stellantis pickup truck plant in MichiganCNBCThe work stoppage includes roughly 6,800 workers at Stellantis' Sterling Heights Assembly Plant in suburban Detroit.
3y agoSTLAM-IT .FKRX300 STLA GM+1Stellantis, Samsung SDI to build $3.2 billion EV battery plant in IndianaCNBCThe plans were announced in the middle of contentious U.S. labor strikes and contract negotiations between Stellantis and the United Auto Workers union.
3y agoSTLAM-IT F GM STLAUAW will not expand strikes at Detroit automakers after last-minute GM proposalCNBCThe United Auto Workers will not expand strikes against the Detroit automakers this week amid progress in the talks, UAW President Shawn Fain said Friday.
3y agoSTLAM-IT GM FUAW announces new strikes at GM and Ford plants, spares Stellantis citing 'momentum' in talksCNBCThe additional strikes come one week after a similar strike expansion at GM and Stellantis.
3y agoF STLAM-IT GM STLAAutomakers grow frustrated over pace of UAW negotiations as new deadline loomsCNBCFrustrations remain around key economic demands and what some see as a lack of urgency by the union to reach a deal, according to people familiar.
3y agoGM STLAM-IT F STLAUAW again threatens to expand strikes at Detroit automakers if progress isn't made by FridayCNBCAuto workers initially went on strike on Sept. 15, shutting down one assembly plant each for GM, Ford and Stellantis.
3y agoSTLA STLAM-IT GM F+4UAW strikes threaten already vulnerable auto parts suppliersCNBCIn the face of prolonged strikes, some smaller suppliers are cutting workers or announcing plans to do so.
3y agoSTLAM-IT F GM STLAUAW strike: Biden, Trump seek blue-collar votes in swing state MichiganCNBCMichigan voters helped both Biden and Trump in winning the White House during the past two presidential elections in 2020 and 2016, respectively.
3y agoSTLA STLAM-IT GM FUAW targets 38 facilities at GM and Stellantis for expanded strikes; skips FordCNBCThe union will not initiate additional strikes at Ford Motor, as the company has proven it's "serious about reaching a deal," Fain said during a Facebook Live.
3y agoSTLAM-IT GM F STLAAutomakers question UAW's strike motives after leaked 'chaos' messagesCNBCUAW communications director Jonah Furman discussed targeted strikes as causing "recurring reputations damage and operational chaos" to the automakers.
3y agoSTLAM-IT GM STLA FGM and Stellantis just laid off over 2,000 additional workers because of the UAW's strikeCNBCThe UAW's strike is already affecting other GM and Stellantis factories, where nearly 2,400 workers were laid off on Wednesday.
3y agoSTLAM-IT GM F STLAWhite House no longer sending top officials to Detroit for UAW strike talks this weekCNBCPresident Joe Biden largely sided with the striking autoworkers in an address Friday, but has received a relatively cold reception from the from the UAW.
3y agoSTLAM-IT STLA F GMStellantis offers raises, inflation protection measures to UAW as strikes continueCNBCThe company outlined its latest deal, which was released Thursday.
3y agoF STLAM-IT GM STLA+1Everything you need to know about UAW's targeted strike plans – and possible lockoutsCNBCThe UAW union is ready to conduct targeted strikes against the Detroit automakers if the sides fail to reach new deals by 11:59 p.m. ET.
3y agoF GM STLAM-IT STLAUAW will strike against Detroit automakers if deals aren't reached by Thursday, union boss saysCNBCThe UAW union will strike against the Detroit automakers if deals aren't reached by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday.
3y agoGM F STLAM-IT STLAStellantis offers 14.5% pay increase to UAW, days before possible strikeCNBCStellantis' proposed wage hikes for UAW members would be higher than those offered by rivals Ford and GM, but those two companies offered other payments.
3y agoSTLA STLAM-IT F GMUAW workers overwhelmingly vote to authorize strikes at GM, Ford, StellantisCNBCUAW members overwhelmingly granted union leaders authorization to strike during ongoing contract negotiations with GM, Ford and Stellantis, if warranted.
3y agoSTLAM-IT STLA GM FAutomaker Stellantis has discussed moving pickup truck production from the U.S. to Mexico, union leader saysCNBCStellantis has threatened to move production of the current Ram 1500 pickup truck from a factory in suburban Detroit to Mexico, a union leader said Sunday.
3y agoGM F STLAM-IT STLAWhat Wall Street needs to know about UAW negotiations — and what they could costCNBCContracts between the Detroit automakers and United Auto Workers union expire at 11:59 p.m. ET on Sept. 14.
3y agoF GM STLAM-IT STLA+3Auto industry braces for contentious contract talks as UAW formally kicks off bargainingCNBCUAW president has vowed to be aggressive in bargaining with General Motors, Ford Motor and Stellantis for new worker contracts.
3y agoGM F STLAM-IT STLAUAW union outlines lofty demands ahead of critical negotiations with Detroit automakersCNBCUAW leaders publicly laid out their top bargaining issues, including a cost-of-living-adjustment, job security and the end of a tiered pay system.
3y agoSTLAM-IT BMW3-FF TSLAStellantis warns UK risks exodus of EV production under post-Brexit rulesCNBCThe auto giant faces a steep rise in export tariffs for EVs sent between the U.K. and EU that it says threaten its operations in the U.K.
3y agoSTLAM-IT F GM STLAUAW leadership faces historic upheaval ahead of union negotiations with Detroit automakersCNBCThe leadership shuffle follow a yearslong federal investigation that uncovered systemic corruption involving bribery and embezzlement by top UAW leaders.