Starbucks has officially opened electric vehicle charging stations at 15 locations on the thousand-mile stretch between Denver, Colorado and Seattle, Washington, as part of its partnership with Swedish automaker Volvo. The 50 Volvo charging stations, at Starbucks stores in Colorado, Utah, Idaho, Oregon, and Washington, will recharge any electric car with a CCS1 or CHAdeMO … Read more
The stock market is supposed to be efficient, discounting all available information into corporate valuations immediately. It’s pretty good at being efficient, but not everything makes sense all the time. Take the multi-trillion-dollar car industry. It isn’t easy to square how shares of different auto makers are valued. Start in the U.S. General Motors and … Read more
Ally Financial Ally Financial Ally Financial (NYSE: ALLY) is a top 25 U.S. financial holding company managing $196B in assets and serving over 11 million customers. Ally was founded in 1919 by General Motors (GM) and was known as the General Motors Acceptance Corporation (GMAC) from its founding until 2010, when it was rechristened as … Read more
Four popular pickup trucks do a poor job of protecting back-seat passengers in some crashes, according to the Insurance Institute for Highway Safety. For the 2023 model year, the Chevrolet Silverado 1500 crew cab, Ford F-150 crew cab, Ram 1500 crew cab and Toyota Tundra crew cab all fell short in expanded tests conducted by … Read more
UAW and General Motors reach tentative agreement The United Auto Workers on Monday reached a tentative agreement on a new labor contract with General Motors, a move that is expected to end the union’s six-week strike against Detroit’s Big 3 automakers. The deal features a 25% wage increase across a four-and-a-half year deal with cost … Read more
The United Auto Workers have reached a tentative contract agreement with Stellantis, the union announced Saturday evening, edging the labor union closer to ending a 6-week strike that has dented Detroit’s Big 3 automakers and idled thousands of their employees. “On day 44 of our stand-up strike, I am honored to announce that our union … Read more
The United Auto Workers reached a tentative contract agreement with Ford Wednesday evening, a move that could be critical to ending the union’s six-week-old strikes against Detroit’s Big Three automakers. “Today we reached a tentative agreement with Ford,” UAW President Shawn Fain said in a video posted to social media, while Ford also confirmed the … Read more
Some UAW members turn to loans created for workers on strike About 5,000 factory workers for General Motors walked off the job in Texas on Tuesday to join the United Auto Workers strike, impacting a factory that produces some of GM’s most profitable vehicles, including the Chevrolet Tahoe and Chevrolet Suburban. The employees at Arlington … Read more
UAW President Shawn Fain calls for an additional 7,000 workers to go on strike UAW President Shawn Fain calls for an additional 7,000 workers to go on strike 12:20 United Auto Workers President Shawn Fain on Friday announced additional work stoppages as the union continues its historic strike against the Big Three carmakers, expanding the … Read more
The United Auto Workers is expanding its historic strike against Detroit’s Big Three automakers to include General Motors and Stellantis parts distribution centers across 20 states. UAW President Shawn Fain said during a Facebook Live address on Friday that workers at 38 GM and Stellantis facilities will walk off the job at noon local time. … Read more