Detroit’s Big Three automakers failed to reach a new labor agreement before their contract with employees represented by the United Auto Workers expired at midnight Thursday, triggering one of the largest strikes to hit the U.S. in years. UAW President Shawn Fain said in a Facebook Live address late Thursday that employees at three factories … Read more
Autoworkers in Detroit are planning to walk off the job Friday if their union leaders can’t agree on a new labor contract with Ford, General Motors and Stellantis. United Auto Workers President Shawn Fain said during a Facebook Live event late Wednesday that members will use a so-called “stand up” strike strategy in which employees … Read more
The clock is ticking for Detroit’s Big Three automakers to ink a new labor contract and avoid a work stoppage that could cost the U.S. economy billions of dollars. Ford, General Motors and Stellantis (formerly Fiat Chrysler) have until 11:59 p.m. on Thursday to reach an agreement or face a potential strike by more than … Read more
The clock is ticking for Detroit’s Big Three automakers to ink a new labor contract and avoid a work stoppage that could cost the U.S. economy billions of dollars. Ford, General Motors and Stellantis (formerly Fiat Chrysler) have until 11:59 on Thursday to reach an agreement or face a potential strike by more than 140,000 … Read more
A Cruise robotaxi collided with a firetruck late Thursday in San Francisco, injuring the vehicle’s passenger. The autonomous-driving company, a subsidiary of General Motors Co., reported the crash in a series of social media posts Friday. “One of our cars entered the intersection on a green light and was struck by an emergency vehicle that … Read more
After an epic first day of trading on the Nasdaq, VinFast (ticker: VFS) closed at $37.06, up 255%, giving the EV start-up a market capitalization of roughly $86 billion. That’s more than the market cap of Ford Motor (F), General Motors (GM), Volkswagen (VOW3.Germany), and BMW (BMW.Germany). It’s even more than Hyundai Motor (005830.Korea) and … Read more
One of the most storied legacies in American stock trading history might be coming to an end. United States Steel ‘s days as an independent publicly traded company could be numbered. Its story holds some fascinating history as well as some important lessons for investors. Sunday, U.S. Steel (ticker: X) announced it was looking at … Read more