City Detroit Financial News

27.09 / 19:59

COST Parke Hyundai Highways Nov cover reports Kia Recall park Hyundai and Kia recall nearly 3.4 million vehicles due to fire risk and urge owners to park outdoors

Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires

27.09 / 19:59

Target Progressive Ford Action President Auto workers union to announce plans on Friday to expand strike in contract dispute with companies

The United Auto Workers union says it will announce on Friday how it plans to expand its strike against Detroit’s three automakers

27.09 / 02:51

MET Ford CEO Tesla WhatsApp elon Elon Musk: Traditional automakers like General Motors and Ford could go ‘bankrupt’ if…

Elon Musk has cautioned that if the United Auto Workers (UAW) union's demands for higher wages are met, traditional automakers like General Motors, Ford, and Stellantis could “drive GM, Ford and Chrysler bankrupt in the fast lane". The warning from the Tesla CEO comes amid a UAW strike against Detroit's Big Three automakers—GM, Ford, and Stellantis NV, the producers of Jeep, Chrysler, and Dodge vehicles. Patrick Kaser, a portfolio manager for Brandywine Global, also expressed similar concerns last week, suggesting that these companies could suffer significant competitive setbacks.

26.09 / 17:07

Citi Nov AT&T performer concert rock 2024 Stevie Nicks 2024 tour dates: New dates of 'Live In Concert', places, tickets, new album

Stevie Nicks has extended her 'Live In Concert' tour by adding seven dates to her current trek. Nicks will begin the 'Live In Concert' tour on February 10 at Mark G Etess Arena in Atlantic City. She will make stops and perform in New York, South Carolina, Florida, Louisana and many more places, before bringing the tour to an end with a performance at the AT&T Stadium in Arlington, Texas with support from Billy Joel. Live Nation will produce all of the newly added dates except for her appearance at the Hard Rock Live in Florida.

26.09 / 16:29

Provident Reuters Manufacturing President show Financial Auto suppliers urge Biden to provide financial assistance to address strike

By David Shepardson

26.09 / 14:55

economy Allegiant President Experts show reports SOLIDARITY Time Biden will join the UAW strike picket line. Experts can't recall the last time a president did that

President Joe Biden’s decision to stand alongside United Auto Workers pickets in Michigan during their strike against major carmakers underscores an allegiance to labor unions that appears to be unparalleled in presidential history

26.09 / 14:55

Target Progressive Ford Racing Highways President Ford pausing construction of Michigan battery plant amid contract talks with auto workers union

Ford says it’s pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively

26.09 / 09:23

Manufacturing Rust President Experts 2020 gatherings WOO Biden, Trump to woo union workers in Michigan as auto strikes grow

By Nandita Bose, Nathan Layne and Jarrett Renshaw

26.09 / 02:35

UPS NASDAQ Ford Action Chase New backer chasing EV upside delays Carbon Revolution US listing

Geelong-based lightweight wheel maker Carbon Revolution’s arduous path to a listing on the Nasdaq exchange has been delayed in its final stages after a United States investment fund agreed to inject $US110 million ($171 million) into the group.

25.09 / 23:03

UPS Target Ford Gap President Canadian union Unifor names GM its second bargaining target among Detroit Three

By Shivansh Tiwary and David Shepardson

25.09 / 21:47

Provident Ford Fox Manufacturing CEO CCP Ford suddenly pauses massive EV battery project that Republicans are probing over CCP ties

Mobius Capital Partners founding partner Mark Mobius says it's important for investors to diversify outside of China and into India, but warns against ignoring Chinese tech stocks on 'The Claman Countdown.'

25.09 / 20:31

UPS Reuters Progressive Ford Gap President Ford says ‘significant gaps’ remain in UAW strike negotiations

UBS managing director and senior portfolio manager Jason Katz discusses the impact of the UAW strike on the Federal Reserve and the auto industry, as well as high oil prices.

25.09 / 16:05

UPS Provident Ford CEO Gap Airlines Auto CEOs Make About 300 Times What Their Median Worker Is Paid. Here’s How That Stacks Up.

United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And over the past four years, the gap at the three has widened.

25.09 / 14:35

UPS Provident Ford CEO Strategy President reports Auto workers still have room to expand their strike against car makers. But they also face risks

Even after escalating its strike against Detroit automakers, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits

25.09 / 11:07

Provident Fox CEO President SOLIDARITY pension Unifor reaches agreement with Ford in Canada, represented workers to receive wage, pension gains

'Making Money' host Charles Payne discusses the impact of the expansion of the UAW strikes.

25.09 / 09:37

Immunic President Inside reports testing Biden Does Big Labor’s Bidding in Mexico

Donald Trump plans to visit Detroit this week. He’s looking for support from members of the United Auto Workers, and President Biden’s re-election team is sweating about it. Mr.

25.09 / 07:17

COST UPS Ford Manufacturing Tesla President Will the auto workers’ strike jeopardise Joe Biden’s manufacturing boom?

manufacturing renaissance. President Joe Biden claims much of the investment is the result of financial incentives resulting from the Chips and Science Act and the Inflation Reduction Act (IRA), two of his signature policies. But state and local giveaways also help.

24.09 / 16:39

NASDAQ Fox Nike Costco President reports debate week UAW strike, Nike and Costco earnings, FOX Business’ Republican debate top week ahead

Potomac Wealth Advisors President and founder Mark Avallone argues the stock market will rally despite disappointing Fed news on 'Varney & Co.'

23.09 / 20:57

COST MET Progressive Ford President UAW strike: What is it and what are the workers demanding? Know all about the walkouts and companies’ response

General Motors, Stellantis and Ford is spreading with 13,000 workers walking out of three assembly plants. The automobile workers went on an indefinite strike after the union's contract with the companies came to an end at midnight on September 14. Workers at dozens of factories across 20 states joined the strike. The negotiations continued on Thursday, but it did not make any progress.

23.09 / 04:37

NASDAQ DOW COMPOSITE US stocks fall US stocks fall again, extending losing streak

The broad-based S&P 500 finished at 4,320.06, down 0.2 percent for the day and 2.9 percent for the week. The Dow Jones Industrial Average dropped 0.3 percent to 33,963.84, while the tech-rich Nasdaq Composite Index lost 0.1 percent at 13,211.81.

23.09 / 02:43

COST UPS Target Ford President reports The UAW strike is growing. What you need to know as more auto workers join the union's walkouts

The United Auto Workers’ strike is getting bigger

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