Why even bother doing the fundamental analysis on big auto stocks? It's just not worth it at the moment.
Don't be sidetracked by the relative discounts of auto stocks vs. the S&P 500, however. The automaker stocks have value trap written all over them for one super simple thesis.
General Motors is losing a great deal on EVs, too. That comes as the company is losing gazillions of dollars on its tinkering with autonomous vehicles via its Cruise business.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UAW, automakers resume labor talks; Stellantis hikes wage offerTalks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began its first simultaneous strikes at three U.S. auto plants. The four-year labor deal between the union and General Motors, Ford Motor and Chrysler-parent Stellantis expired at 11:59 p.m. EDT on Thursday. Stellantis said on Saturday it has hiked its offer, proposing cumulative raises of nearly 21% over a four-and-a-half-year contract term, including an immediate 10% hike.
Read more »
UAW, automakers resume labor talks; Stellantis hikes wage offerBy David Shepardson (Reuters) - Talks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began ...
Read more »
UAW, automakers resume labor talks; Stellantis hikes wage offerBy David Shepardson (Reuters) - Talks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began ...
Read more »
UAW, automakers resume labor talks; Stellantis hikes wage offerStellantis said on Saturday it has hiked its offer, proposing cumulative raises of nearly 21% over a four-and-a-half-year contract term, including an immediate 10% hike
Read more »
UAW, automakers resume labor talks; Stellantis hikes wage offerBy David Shepardson (Reuters) - Talks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began ...
Read more »
Stellantis Says UAW Rejected ‘Solution’ for Illinois Jeep PlantA war of words between the United Auto Workers and Detroit’s Big Three escalated as a Stellantis NV executive said the union rejected a “compelling solution” for an idled Jeep plant in Illinois, a priority for the company’s unionized workers.
Read more »