The ongoing strike by the United Auto Workers (UAW) union continues to draw attention as it enters its 21st day. The UAW had initiated an unprecedented simultaneous strike against the Detroit 3 automakers — General Motors GM, Ford
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions.
What happened
Shares of power semiconductor stocks crucial to the growth of electric vehicles, such as Aehr Test Systems (NASDAQ: AEHR), Axcelis Technologies (NASDAQ: ACLS), and Wolfspeed (NYSE: WOLF), all had tough months in September. The aforementioned stocks were down 10.4%,
The three China-based smart electric vehicle (EV) companies, NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI, recently announced the respective delivery updates for September and third-quarter 2023.NIO delivered 15,641 vehicles in Se
U.S. stocks ended higher and the Nasdaq gained more than 1%
on Wednesday, a day after a sell-off, as the latest economic
data showed U.S. private payrolls increased less than expected
in September.
Major U.S. stock indexes ended higher on Wednesday, a day
after selling off, as the latest economic data showed U.S.
private payrolls increased less than expected in September.
The S&P 500 and Nasdaq edged higher on Wednesday, a day after a sell-off, as the latest economic data showed U.S. private payrolls increased less than expected in September.
Investors interested in stocks from the Automotive - Domestic sector have probably already heard of Ford Motor Company (F) and Tesla (TSLA). But which of these two stocks is more attractive to value investors? We'll need to take a
General Motors on Wednesday secured a new $6 billion line of credit and estimated that the cost of the United Auto Workers strike was $200 million during the third quarter, a company spokesman said.
Shares of Tesla TSLA dropped 2% yesterday following its third-quarter 2023 production and delivery results. After reporting record deliveries for the first two quarters of 2023, Tesla witnessed a sequential fall in its deliveries
(RTTNews) - Ford Motor Company (F) reported that its third quarter U.S. total sales were 500,504 vehicles, an increase of 7.7 percent from last year. EV sales were up 14.8 percent to 20,962 vehicles. The company noted that much of this gain came on strong Mustang Mach-E sales, wh
Ford Motor on Wednesday posted a near 8% rise in U.S. auto sales for the third-quarter, driven by continued demand for crossover SUVs and pickup trucks.
Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers' (UAW) strike against the "Detroit Three" and higher interest rates.
(RTTNews) - Ford Motor Co. (F) said it made its seventh and strongest offer to the United Auto Workers in an effort to reach a tentative agreement on a new master labor agreement through April 30, 2028. It is also promising no job losses due to EV battery plants.
Australian billionaire Gina Rinehart has beefed up her stake in Liontown Resources seeking to have a greater say over the lithium developer's direction as it awaits a takeover offer from Albemarle, a company filing on Tuesday showed.
Australian billionaire Gina Rinehart has beefed up her stake in Liontown Resources seeking to have a greater say over the lithium developer's direction as it awaits a takeover offer from Albemarle, a company filing on Tuesday showed.
General Motors said on Tuesday it was laying off another 163 workers in Ohio because of the ongoing United Auto Workers strike at two assembly plants and 18 parts distribution centers.
Top global automakers on Tuesday reported a rise in U.S. new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies.
Reuters
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