An employee at Fiat Chrysler’s Windsor Assembly Plant works inside the chassis of the Chrysler Pacifica Hybrid in December 2016. Fiat Chrysler Shareholders of Italian-American automaker Fiat Chrysler and France-based PSA Groupe on Monday approved a merger plan to create Stellantis, the world’s fourth-largest automotive group. The voting was one …
Read More »Boeing, SAP, Lemonade, Alibaba & more
Check out the companies making headlines before the bell: SAP – The German business software company’s stock is moving higher after it announced its Qualtrics unit has filed to go public. Qualtrics – which specializes in customer relationship software – is expected to be valued at $12 billion or more, compared …
Read More »Chevy Chase recreates ‘Christmas Vacation’ scene for Mustang Mach-E ad
Chevy Chase and Beverly D’Angelo reprise their National Lampoon’s Christmas Vacation roles as Clark and Ellen Griswold for a new ad for the Ford Mustang Mach-E. Ford Comedian Chevy Chase is reprising his role as Clark Griswold from the film “National Lampoon’s Christmas Vacation” in a new holiday ad for …
Read More »General Motors, Ford won’t mandate Covid-19 vaccinations for employees
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford General Motors will not require employees to receive Covid-19 vaccinations to return to physical office locations or continue …
Read More »United Auto Workers union settles corruption probe with Justice Department
UAW President Rory Gamble (left) and U.S. Attorney Matthew Schneider announce a settlement agreement to end a years-long corruption investigation into the union on Dec. 14, 2020 in Detroit. Michael Wayland / CNBC DETROIT — Federal prosecutors have agreed to end a multiyear corruption probe into the United Auto Workers under …
Read More »GM withdraws support for Trump’s emissions lawsuit against California
President Donald Trump delivers remarks at American Center for Mobility in Ypsilanti, Michigan with General Motors CEO Mary Barra and other auto industry executives on March 15, 2017. Nicolas Kamm | AFP | Getty Images General Motors is withdrawing from litigation led by the Trump administration against California over the …
Read More »GM’s last decade has produced paltry returns, but EVs hold hope for Tesla growth
Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and U.S. economy after emerging from bankruptcy in the Great Recession. …
Read More »Ex-GM board member, union leader sentenced to 30 months in prison
Former UAW Vice President Joe Ashton speaks during a GM announcement at a plant in Spring Hill, Tenn. in 2011. GM Former General Motors board member Joe Ashton, a retired United Auto Workers leader, was sentenced Tuesday to 30 months in prison for fraud and money laundering as part of …
Read More »