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Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. Ford is pushing for the U.S. Treasury Department to approve lithium-iron, or LFP, batteries made at the Michigan factory to qualify for Inflation Reduction Act EV subsidies. Ford now plans to cut the Michigan battery plant's capacity to 20 gigawatt hours and reduce hiring to 1,700 jobs. Ford said in October that it would cut future electric vehicle investments overall by $12 billion compared to previous plans. The company has previously postponed construction of a battery factory in Kentucky and another in Turkey.

Persons: Ford, CATL, Mark Truby, Truby, Joe White, Anil D'Silva Organizations: DETROIT, CATL, United Auto Workers, U.S . Treasury Department, Ford, Blue, Battery Park Michigan, Michigan, Thomson Locations: Michigan, U.S, Marshall , Michigan, Kentucky, Turkey

The two Thanksgiving turkeys were due at the White House on Monday to play their part in what has become an annual holiday tradition: a president sparing them from becoming someone's dinner. President Joe Biden, the oldest president in U.S. history, also was celebrating his 81st birthday on Monday. Political Cartoons View All 1256 ImagesLykken introduced Liberty and Bell on Sunday at the Willard Intercontinental, a luxury hotel close to the White House. A little over 200 million turkeys will be eaten on Thanksgiving, Lykken said. Biden will eat his Thanksgiving turkey with family on Nantucket, a Massachusetts island, continuing a long family tradition.

Persons: Bell, “, ” Steve Lykken, Jennie, Joe Biden, Jill Biden, ” Lykken, —, “ gobble, gobble, hoopla, Taylor Swift, Harry Truman, George H.W, Bush, he’s, ”, Biden, Lykken, Dwight D, Eisenhower, Gerald R, Ford, Markus Platzer, Willard, ” Platzer Organizations: WASHINGTON, —, White, National Turkey Federation, Associated Press, Bell, Willard, Liberty, University of Minnesota's College of Food, Natural Resources Sciences, Norfolk Naval Locations: — Liberty, Turkey, Washington, Fleetwood , North Carolina, Liberty, U.S, Minnesota, Willmar , Minnesota, Nantucket, Massachusetts, Virginia

☆ Autonomous Cars Beat EVs
▼ + stars: | 2023-11-19 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The week’s best and worst from Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, and Kim Strassel. And given high prices for EVs, subsidies are mainly a giveaway to the already well-off. If you add up carbon emissions from manufacturing, daily use and end of life, EVs have total life-cycle emissions 30% lower than gasoline-powered autos. In Silicon Valley, something is considered truly transformational if it’s 10 times better, not a third. Instead of throwing taxpayer money at EVs, President Biden could have been a hero and helped bring autonomous vehicles to the market faster.

Persons: Bill McGurn, Kate Bachelder Odell, Mene Ukueberuwa, Kim Strassel, Mark Kelly, Ford, Biden Organizations: Getty, Honda, General Motors Locations: Silicon, EVs

☆ Bidens to join military families at 'Friendsgiving' meal in Norfolk
▼ + stars: | 2023-11-19 | by ( Steve Holland | ) www.reuters.com time to read: +1 min

U.S. President Joe Biden and first lady Jill Biden leave the White House to board Marine One in Washington on November 11, 2023. Acquire Licensing RightsWASHINGTON, Nov 19 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will join military personnel and their families on Sunday for an early Thanksgiving meal dubbed "Friendsgiving." The event will take place at Naval Station Norfolk in Norfolk, Virginia. While in Norfolk, the Bidens will kick off an advance screening with service members and their families of “Wonka,” a new musical fantasy film focusing on a young Willy Wonka. Then, they will participate in a Friendsgiving dinner with service members and military families associated with the Dwight D. Eisenhower and the Gerald R. Ford aircraft carriers.

Persons: Joe Biden, Jill Biden, Amanda Andrade, Rhoades, “ Wonka, Willy Wonka, Dwight D, Eisenhower, Gerald R, Robert, Steve Holland, Franklin Paul Organizations: House, REUTERS, Rights, Naval, Ford, Forces Initiative, United Service Organizations, Robert Irvine Foundation, Franklin Paul Our, Thomson Locations: Washington, Norfolk, Norfolk , Virginia, Nantucket, Israel

(AP) — President Joe Biden is set to visit naval installations in Virginia on Sunday for an early kickoff to the Thanksgiving holiday week. He plans to host a screening of the movie “Wonka” and have a “friendsgiving” meal with service members and their relatives. Later, the Bidens plan to help serve dinner with service members from the USS Dwight D. Eisenhower and the USS Gerald R. Ford at Norfolk Naval Station, the largest installation of its kind in the world, along with their families. In 2021, the Bidens visited the Army’s Fort Bragg in North Carolina for an early Thanksgiving meal in a hangar for about 250 service members and their families. The president and first lady plan to spend this Thanksgiving on Nantucket, a Massachusetts island.

Persons: Joe Biden, Wonka, Jill Biden, Roald Dahl’s, Willy Wonka, Dwight D, Eisenhower, Gerald R, Ford, There's, Donald Trump's, Trump, Biden, Beau, Joe Organizations: Norfolk Naval Station, Republican, National Guard, Republicans, Delaware National Guard, Troops Locations: WILMINGTON, Del, Virginia, Hampton Roads, Texas, Edinburg, U.S, Mexico, United States, Iraq, Cherry Point , North Carolina, Bragg, North Carolina, Nantucket, Massachusetts

☆ Here’s why the Big Three won’t need to raise car prices to pay for these labor deals
▼ + stars: | 2023-11-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

“The labor contracts don’t mean you go to a dealership and the car costs more money,” said Ivan Drury, analyst for sales tracker Edmunds. If the Big Three could simply pass along higher costs, be it raw material, labor other expenses, in the form of higher prices, no automaker would ever lose money. Even if the labor costs could be passed along in terms of higher prices, it woudn’t be nearly as much as you might think. Any additional labor costs are more likely to eat into automaker profits than they are to raise prices. Another factor driving car prices higher was the desire of consumers to buy cars with more features and options that are now available but were not available in the past.

Persons: Stellantis, it’s, ”, Ivan Drury, Edmunds, That’s, Michelle Krebs, John Lawler Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, GM, Toyota, Honda, Hyundai, UAW, Cox Automotive Locations: New York, “, American

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to industrials to drugs
▼ + stars: | 2023-11-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

(Anthony) Jim Cramer: There were some China statistics that showed that the consumer was doing slightly better. (David) Jim Cramer: The roadblock is that the money is at the state level. (Narayan) Jim Cramer: " Own, don't trade" is about trying to keep us in a stock that otherwise we would trade out of. (Jim) Jim Cramer: First, I think we have to remember Ford actually has a lot of money on its balance sheet — a lot of cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Estee Lauder, Anthony, Jim Cramer, Wynn, It's, David, I'm, Narayan, it's, Steve Jobs, John, Tom Jorden, That's, Capex, Paul, Procter, Jim Farley, Jim, Ford, Shawn Fain, Farley, Donald, Larry Culp, He's, GEHC, Eli Lily, Louis, Lilly, Zepbound, We've, Alzheimer's, tirzepatide, hasn't, Edmundo, we've, haven't, Linde, Theresa, Jim Cramer Rob Kim Organizations: Investing Club, Club, Caterpillar, Amazon, Nvidia, Apple, Web Services, Natural Resources, Exxon, Procter, Gamble, United Auto Workers, GE Healthcare, Electric, GE, General, Merck, Drug Administration, Novo Nordisk, Linde, LIN, Trust, Barrick, CNBC Locations: China, reaccelerate, GEHC

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook//File Photo Acquire Licensing RightsDETROIT, Nov 16 (Reuters) - General Motors' (GM.N) tentative labor deal with the United Auto Workers (UAW) union has clinched ratification, making its workers the first of those at the Detroit Three automakers to approve the agreement. The UAW's GM vote tracking site shows approval of the contract leading by a 55% to 45% margin with nearly 36,000 workers having cast votes out of about 46,000 UAW-represented GM workers. Currently, about 67% of Ford workers who have voted are in favor of the UAW deal, and about 66% of Stellantis workers have so far voted in favor, according to UAW figures. Ford voting is scheduled to finish on Friday, while Stellantis is set to close next Tuesday.

Persons: Rebecca Cook, Stellantis, Tesla, David Shepardson, Ben Klayman, Lisa Shumaker Organizations: General Motors, REUTERS, Rights DETROIT, United Auto Workers, UAW, Detroit Three, Ford, Chrysler, GM, Detroit, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Detroit, Fairfax , Kansas, Orion , Michigan, Michigan, Washington

☆ GM's labor deal with UAW union on verge of ratification
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 15 (Reuters) - General Motors' (GM.N) tentative labor deal with the United Auto Workers (UAW) union closed in on ratification as the votes were counted on Wednesday. This would mark the first ratification of a deal, which runs through April 2028, with one of the Detroit Three automakers. The Arlington plant, with about 5,000 UAW members, has the most of any GM plant. Only nine facilities are still listed without vote totals on the UAW vote tracker, including GM's Lockport, New York, components plant with about 1,200 members. Currently, about 66% of Ford workers who have voted are in favor of the UAW deal, and about 72% of Stellantis workers have so far voted in favor, according to UAW figures.

Persons: Rebecca Cook, Stellantis, Tesla, David Shepardson, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, United Auto Workers, UAW, Detroit, Detroit Three, Ford, GM's, GM, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Arlington, Fort Wayne , Indiana, , Missouri, GM's Lansing Grand, Lansing Delta, Detroit, Fairfax , Kansas, Orion , Michigan, Lockport , New York, Michigan, Washington

☆ US warship shoots down drone believed to have been launched from Yemen
▼ + stars: | 2023-11-15 | by ( Haley Britzky | ) edition.cnn.com time to read: +1 min

CNN —A US warship shot down a drone that is believed to have originated from Yemen in the Red Sea on Wednesday, according to two US officials. The USS Thomas Hudner, an Arleigh Burke class guided missile destroyer, engaged a drone that originated from Yemen on Wednesday and was heading towards the ship, a defense official confirmed to CNN. The Pentagon said the missiles were fired by Iranian-backed Houthi forces. Wednesday’s engagement comes a week after a US MQ-9 Reaper drone was shot down by Houthi forces off the cost of Yemen. It also comes amid continuous attacks by Iranian-backed forces in the region.

Persons: Thomas Hudner, Arleigh Burke, Gerald R, Carney, Pat Ryder, ” Organizations: CNN, Reuters, Ford Carrier Strike, US Navy, Pentagon Locations: Yemen, Israel, Iranian, Iraq, Syria

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Cramer says these 4 stocks will benefit from the end of Fed's rate-hiking cycle
▼ + stars: | 2023-11-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We've been big fans of what [Fed Chair] Jay Powell is doing and staying the course and our portfolio reflects that," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, We've, Jay Powell, Stanley Black, Decker, Morgan Stanley, James Gorman, they've, They're, Jim, We're, Jim Cramer's Organizations: CNBC, Federal, Treasury, Procter, Gamble, Nvidia, TJX Companies Locations: Homegoods

LAS VEGAS (AP) — General Motors said Tuesday it has registered with Formula One's governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti's bid to join the global motorsports series. “We are thrilled that our new Andretti Cadillac F1 entry will be powered by a GM power unit,” GM President Mark Reuss said. GM in January announced its partnership with Andretti Global under its Cadillac banner on Andretti's application to join F1. GM doesn't have its own F1 power unit and said its effort would be in conjunction with an existing manufacturer. If Andretti gets approved to join an expanded F1 grid, he would have to use another manufacturer's engine until 2028.

Persons: Motors, Michael Andretti's, Mark Reuss, Andretti Cadillac, Andretti, GM isn't, Ford, Red Bull, Honda, Colton Herta, Mario Andretti, Michael, Gene Haas, Haas, Kevin Magnussen, Nico Hulkenberg, Hulkenberg Organizations: LAS VEGAS, —, Formula, Andretti Cadillac, GM, Las Vegas, Prix, Andretti Global, GM doesn't, FIA, Audi, Sauber, Andretti, Associated Press, AP, Renault, IndyCar Locations: California, Denmark, Germany

☆ Fact Check: Hezbollah anti-ship missiles clip dates to 2019, not 2023
▼ + stars: | 2023-11-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An old video of Shi’ite Islamist group Hezbollah’s anti-ship missiles has been falsely shared as footage published in response to U.S. deployment of carriers to the eastern Mediterranean amid the ongoing Israel-Hamas war in 2023. Experts believe that the Iranian-backed Hezbollah group in Lebanon may possess more than 100,000 rockets including precision missiles, such as drones and anti-tank, anti-aircraft and anti-ship missiles. However, the circulating video long predates the 2023 Israel-Hamas war. The caption states: “The video Footage depicting C-802 anti-ship cruise missiles has been resealed for the first time. The video of Hezbollah's anti-ship missiles was published in 2019, not during the 2023 Israel-Hamas war in response to the presence of U.S. carriers.

Persons: Gerald R, Dwight Eisenhower, Sayyed Hassan Nasrallah, “, Read Organizations: Hamas, Ford, Reuters, Facebook, Iran Press News Agency, Thomson Locations: Israel, Palestinian, U.S, Lebanon, Lebanese

☆ Hyundai Motor breaks ground on $1.5 bln EV plant in South Korea
▼ + stars: | 2023-11-13 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

ULSAN, South Korea, Nov 13 (Reuters) - Hyundai Motor Co (005380.KS) on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in South Korea, as the automaker accelerate a shift to electrification. Hyundai Motor Group, which encompasses Hyundai Motor, Kia and Genesis brands, said in April it plans to launch 31 EVs by 2030. Hyundai Motor Group's Executive Chair Euisun Chung, Hyundai Motor's Chief Executive Officer and other officials, including the Ulsan Metropolitan City Mayor, attended the event to witness the ground breaking of the EV factory, the automaker's first new plant in South Korea in 29 years. The groundbreaking comes after Hyundai Motor said it would stick to its EV rollout plans - a contrast to some rivals that have pulled back on EV production due to cooling demand. Last year, Hyundai Motor Group broke ground on a $5.54 billion EV and battery plants in the U.S. state of Georgia.

Persons: Euisun Chung, Jaehoon Chang, Chang, 1,316.5100, Heekyong Yang, Ed Davies Organizations: Hyundai, Hyundai Motor, Kia Corp, Hyundai Motor Group, Kia, Genesis, Hyundai Motor's, Ulsan Metropolitan City Mayor, EV, General Motors Co, Chevrolet Silverado, GMC, Ford Motor, Tesla Inc, GM, Honda, Thomson Locations: ULSAN, South Korea, Ulsan, U.S ., Georgia, United States, Michigan, Mexico

☆ 'Routine' helicopter mission in the Mediterranean leaves 5 US service members dead
▼ + stars: | 2023-11-13 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com time to read: +4 min

The US Military said five service members died during a training mission in the Mediterranean. So far, dozens of service members have died this year during training missions. AdvertisementAdvertisementFive US service people were killed when a military helicopter crashed over the eastern Mediterranean Sea during a training mission, US officials said Sunday. The New York Times reported the crash involved an MH-60 Black Hawk helicopter and involved US Army Special Operations forces. Before that, in February, March, and April, three other separate crashes killed a total of 14 service members during helicopter training.

Persons: —, Lloyd Austin, Gerald R, Dwight D Organizations: Military, Service, Command, New York Times, Hawk, Special Operations, of Defense, Air Force, Ford, US Military, Eisenhower, Boeing Locations: Israel, Cyprus, Gaza, Australia, Syria

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

☆ U.S. military says 5 crew members died when an aircraft crashed over the Mediterranean
▼ + stars: | 2023-11-12 | by ( ) www.cnbc.com time to read: +1 min

US soldiers are seen in front of the United States European Command (EUCOM) on May 3, 2016 at the Patch Barracks in Stuttgart, southern Germany. - A ceremony took place at the barracks as US General Curtis Scaparrotti was introduced as Commander of the US European Command, taking over from US General Philip Breedlove. EUCOM said all five crew members were killed when it went down "during a routine air refueling mission as part of military training." It said on Sunday that "search and rescue efforts began immediately, including nearby U.S. military aircraft and ships." It wasn't immediately clear what military service the aircraft belonged to.

Persons: Curtis Scaparrotti, Philip Breedlove, Marijan Murat, MARIJAN MURAT, servicepeople, EUCOM, Gerald R Organizations: United States European Command, US European Command, US, Getty, U.S . European Command, Command, of Defense, The Air Force, Ford Locations: Stuttgart, Germany, AFP, U.S

WASHINGTON (AP) — A U.S. military aircraft has gone down over the eastern Mediterranean Sea, U.S. European Command said Saturday. The command said in a statement that the aircraft crashed while conducting training operations. The command said that out of respect for the families affected, no other information would be released on personnel involved. It wasn't immediately clear what military service the aircraft belonged to. The Air Force has sent additional squadrons to the region and the USS Gerald R. Ford aircraft carrier, which has an array of aircraft on board, has also been operating in the eastern Mediterranean.

Persons: Gerald R Organizations: WASHINGTON, —, U.S . European Command, The Air Force, Ford, Associated Press Locations: U.S

☆ The British navy's newest aircraft carrier teamed up with US pilots to launch F-35 jets in 'beast mode' for the first time
▼ + stars: | 2023-11-09 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Flight deck crew prepare to remove straps from an F-35B aboard HMS Prince of Wales. A series of firstsRoyal Navy handlers direct an F-35B on the flight deck of HMS Prince of Wales. Those tests were also the first time an aircraft launched by HMS Prince of Wales has dropped bombs, albeit inert ones. A flight deck officer signals an F-35B to launch from HMS Prince of Wales. AdvertisementAdvertisement"The last four weeks at sea have been the busiest HMS Prince of Wales has ever seen," the ship's commanding officer, Capt.

Persons: —, Wales, John Etherington, HMS, HMS Prince, Elizabeth , Prince of Wales, of Wales, Queen Elizabeth, Richard Hewitt, Prince, Dane Wiedmann HMS Prince, Elizabeth, Merlin, Gerald, Prince of, Mike Lippert, Constantine Atlamazoglou Organizations: US, Service, Royal Navy, HMS, Royal, British, US Marine Corps, US Marine, Naval, Pax River's, Force, Prince, Atlantic, US Navy, US Navy's Nimitz, Marine Corps, Fletcher School of Law, LinkedIn, Twitter Locations: Coast, Prince, HMS Prince, East Coast, Wales, British, Maryland, Prince of Wales

☆ Ford's Chicago plant UAW workers vote to ratify deal with automaker
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo Acquire Licensing RightsNov 8 (Reuters) - Workers at Ford Motor's (F.N) Chicago assembly plant have voted to ratify a proposed contract with the automaker, the United Auto Workers (UAW) union's local chapter said in a Facebook post on Wednesday. UAW Local 551 said 57% of votes cast were in favor of the deal. Ford employs about 4,500 hourly workers at the assembly plant, which also manufacturers the Ford Explorer. A majority of workers at Ford's Michigan assembly plant have already voted to approve the tentative deal.

Persons: Luke Sharrett, Stellantis, Tesla, Nathan Gomes, Shivansh, Sriraj Organizations: United Auto Workers, UAW, REUTERS, Workers, Ford, Ford Explorer ., Chrysler, General Motors, Detroit's Big, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Chicago, Ford's Michigan, Dearborn , Michigan, Bengaluru

☆ Analysts believe Rivian is turning around, Goldman sees 40% upside
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Rivian shares, meanwhile, are up 9% this month. What analysts are saying Goldman analyst Mark Delaney raised his price target by $2 to $25, implying shares can gain 43.5% from Tuesday's close. "If we gain more conviction in the timing/path to profitability we could be more positive on the stock," Delaney said. RIVN YTD mountain Rivian stock. He still raised his price target by $5 to $24, which implies shares can gain 37.8% over the next 12 months.

Persons: Goldman Sachs, Morgan Stanley, Rivian, Tesla, Ford, Goldman, Mark Delaney, Delaney, Chris McNally, McNally, Wells, Colin Langan, …, Langan, Piper Sandler, Alexander Potter Organizations: General Motors, Ford, Tesla, ISI Locations: North America, Tuesday's, Wells Fargo, Georgia, U.S

☆ Take a look at the warships of the second US Navy carrier strike group sent to keep the powder keg from blowing in the Middle East
▼ + stars: | 2023-11-07 | by ( Elias Chavez | ) www.businessinsider.com time to read: +2 min

The Dwight D. Eisenhower Carrier Strike Group is in the Middle East. It was recently operating alongside the Gerald R. Ford CSG. The two strike groups are being used in a deterrence role to keep the Israel-Hamas war from getting worse. The two US Navy strike groups were joined by two Italian Navy frigates, ITS Virginio Fasan and ITS Carlo Margottini. Here are the warships and combat capabilities of the Eisenhower strike group in the Middle East.

Persons: Dwight D, Gerald R, —, Ford, Carlo Margottini, Thomas Ishee, Eisenhower Organizations: Eisenhower Carrier Strike, Ford CSG, Service, Eisenhower, Ford, US Navy, Italian Navy, US Sixth Fleet, Israel Locations: Israel, American

☆ The Ram 1500 Ramcharger will be a hybrid like a diesel locomotive
▼ + stars: | 2023-11-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Stellantis’ new Ramcharger pickup, expected to go on sale late next year, will be an “electric” truck, the company says. It will be sold alongside the Ram REV, the company’s actual fully-electric truck, expected to go on sale around the same time. Tim Kuniskis, the head of Stellantis’ Ram truck brand, insisted during a press conference that the Ram 1500 Ramcharger is not a plug-in hybrid. Also, the Ram truck can use DC fast chargers to quickly recharge its batteries. Ram previously unveiled an electric-only truck, the Ram REV, which will also go on sale late next year.

Persons: Tim Kuniskis, Stellantis ’, Ramcharger, Ram, Kuniskis, “, ”, Carlos Tavares, Stellantis hasn’t Organizations: CNN, Toyota Prius, Chevrolet, Toyota Camry, Ford, General Motors

☆ An Ohio-class submarine, possibly equipped with ballistic missiles, has arrived in the Mediterranean
▼ + stars: | 2023-11-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

CENTCOM on Sunday confirmed an Ohio-class submarine has traveled to the Mediterranean Sea. Ohio-class submarines can be equipped with advanced ballistic or Tomahawk missiles. AdvertisementAdvertisementAn Ohio-class submarine, a type of vessel which can be equipped with advanced ballistic or Tomahawk cruise missiles, has arrived in the Mediterranean as the US continues to bolster its defensive posture amid the Israel-Hamas war. Israel news outlet Ynet reported the submarine newly deployed in the region is the largest of the 14 ballistic submarines controlled by the US Navy and comes equipped with ballistic munitions. AdvertisementAdvertisementLast month, the Pentagon dispatched two US Navy carrier strike groups to the eastern Mediterranean — the USS Dwight D. Eisenhower Carrier Strike Group and the USS Gerald R. Ford Carrier Strike Group.

Persons: —, CENTCOM, Anthony Blinken, Mahmoud Abbas, Dwight D, Gerald R Organizations: Sunday, Red Seas, Service, Department of Defense, . Central Command, US Navy, State, Pentagon, Eisenhower Carrier Strike Group, Ford Carrier Strike Locations: Ohio, . Ohio, Suez, Egypt, Red, Israel, East, West, Central Asia, Jordan, Cyprus, Lebanon, Qatar, Gaza, Iran

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