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Why are General Motors (GM) and Ford (F) stock prices falling today?

Electrek

Share prices of several popular automakers are under pressure after UBS analyst Patrick Hummel warned investors Monday that the US auto industry will likely face hurdles ahead. Both General Motors (GM) and Ford (F) stock prices are down today on the news as investors grapple with what’s next for the US automakers.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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Ford and UAW reached a tentative local agreement at Kentucky plant

Teslarati

The United Automotive Workers (UAW) have come to a tentative local agreement at a Ford factory in Kentucky, after the union threatened to put the site’s almost 9,000 workers on strike last week if a deal wasn’t reached. My father grew up here, then moved to Michigan and got a job with Ford. workers in future endeavors.

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Can Ford and GM hit their EV targets? Analysts weighs in

Electrek

Ford (F) and General Motors (GM) are gearing up for likely the biggest transformation the auto industry has ever seen. Will GM and Ford hit their EV targets? more… The post Can Ford and GM hit their EV targets? more… The post Can Ford and GM hit their EV targets?

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. Support from Ford and GM are steps in the right direction for Tesla’s NACS goal.

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Ford Reaches Tentative Deal With UAW, Workers Return

The Truth About Cars

Striking Ford employees are heading back to the assembly line today after the United Auto Workers (UAW) union reached a tentative labor deal with the company late on Wednesday. Say whatever you want about Ford. But this makes the brand look exceptionally good to the general public. We’ll see how things play out for Ford.

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Ford EV production push receives another shove

Teslarati

Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Undeterred, Ford announced that it remains on track to deliver on its EV production goals , including an annual run rate of 600,000 EVs this year and a run rate of 2 million by 2026.

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