A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to… Continue reading CNBC Daily Open: Oversold in September, bounce in October?
Author: CNBC Online news
How Tesla is at the center of the UAW strikes
The UAW strikes hitting the Detroit Three automakers — GM, Ford and Stellantis — could widen the electric vehicle gap between them and Tesla, which already controls 60 percent of the EV market. The three Detroit automakers all use union labor, and those workers are represented by the United Auto Workers union — Tesla does… Continue reading How Tesla is at the center of the UAW strikes
Ford CEO says UAW is ‘holding the deal hostage’ over EV battery plants
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT — The United Auto Workers union is holding up negotiations with Ford Motor over future electric vehicle battery plants, Ford CEO Jim Farley said during a press… Continue reading Ford CEO says UAW is ‘holding the deal hostage’ over EV battery plants
UAW announces new strikes at GM and Ford plants, spares Stellantis citing ‘momentum’ in talks
watch now DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday. The additional strikes will target Ford’s Chicago Assembly Plant in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and GM’s Lansing… Continue reading UAW announces new strikes at GM and Ford plants, spares Stellantis citing ‘momentum’ in talks
A big EV purchase decision that’s not about the car model you buy
Tesla electric car in driveway being charged at a home with an EV charger in residential neighborhood, Moscow, Idaho. Ucg | Universal Images Group | Getty Images As all-electric vehicles become more popular and incentives for renewable energy proliferate, many early EV adopters may be reconsidering their home charging needs. The decision to upgrade from… Continue reading A big EV purchase decision that’s not about the car model you buy
Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
Striking members of the United Auto Workers (UAW) picket outside the GM’s Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023. Evelyn Hockstein | Reuters DETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to expand U.S. plant strikes… Continue reading Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
EEOC sues Tesla, alleging widespread racist harassment of Black workers, retaliation against those who spoke out
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, on May 11, 2020. David Paul Morris | Bloomberg | Getty Images The U.S. Equal Employment Opportunity Commission has sued Tesla, accusing Elon Musk’s electric car maker of violating “federal law by tolerating widespread and ongoing racial harassment of its Black employees and by subjecting… Continue reading EEOC sues Tesla, alleging widespread racist harassment of Black workers, retaliation against those who spoke out
VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast‘s ambitious plan to deliver as many as 50,000 vehicles this year is “unrealistic,” according to one analyst. VinFast said it expects to deliver 40,000 to 50,000… Continue reading VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
Former U.S. President Donald Trump speaks during an autoworker-focused campaign rally at auto supplier Drake Enterprises, on Sept. 27, 2023 in Clinton Township, Michigan. Michael Wayland / CNBC CLINTON TOWNSHIP, Mich. – Former President Donald Trump attempted to woo blue-collar autoworkers Wednesday night by criticizing electric vehicles and warning of what he claimed is a… Continue reading Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
UAW again threatens to expand strikes at Detroit automakers if progress isn’t made by Friday
Members of the United Auto Workers (UAW) Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on September 26, 2023, to show solidarity for the “Big Three” autoworkers currently on strike. Patrick T. Fallon | AFP | Getty Images DETROIT — The United Auto… Continue reading UAW again threatens to expand strikes at Detroit automakers if progress isn’t made by Friday