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☆ Ford says 'significant gaps' remain in UAW labor contract talks
▼ + stars: | 2023-09-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The UAW, which on Friday cited "real progress" in talks with the No. In contrast to Ford, the UAW has expanded strikes against General Motors (GM.N) and Chrysler-parent Stellantis (STLAM.MI) to 38 parts distribution centers across the United States. The UAW began unprecedented, simultaneous strikes on Sept. 15 at one assembly plant each of the Detroit Three after the prior four-year labor deals expired. The strikes at additional GM and Stellantis facilities on Friday added about 5,600 workers to the 12,700 previously on strike. Stellantis temporarily laid off 68 employees in Ohio last week and expects to furlough another 300 workers in Indiana because of the strike.

Persons: Ford, Shawn Fain, Joe Biden, Donald Trump, Stellantis, David Shepardson, Muralikumar Anantharaman, Edwina Gibbs Organizations: Ford, United Auto Workers, UAW, General Motors, Chrysler, GM, Detroit, Detroit Three, Thomson Locations: U.S, United States, Michigan, Clinton Township , Michigan, Kansas, Ohio, Indiana

☆ Ford Halts Work on E.V. Battery Plant in Michigan
▼ + stars: | 2023-09-25 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Ford Motor, in the midst of tense contract negotiations with striking United Automobile Workers, said on Monday that it was suspending construction of a battery factory in Michigan because of concerns that the plant might not be able to make products at a competitive price. It was unclear whether the halt was related to negotiations with the union, or to other issues. Ford has come under attack from Republican lawmakers because it plans to manufacture batteries at the plant in Marshall, Mich., using technology licensed from CATL, a Chinese company that is the world’s largest maker of batteries for electric cars. At the same time, Ford has warned that increases in pay and benefits sought by the U.A.W. If unions got all that they were asking for, “we would have to cancel our E.V.

Persons: Ford, Jim Farley Organizations: Ford, United Automobile Workers Locations: Michigan, Marshall, Mich, CATL

☆ These 5 Club stocks have defied the S&P 500's recent slide
▼ + stars: | 2023-09-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . Still, some Club stocks have been able to buck the downward trend since the start of the month — and none more so than Humana (HUM). The health insurer advanced 7.3% through Friday's close, putting it among the top-10 performing stocks in the S & P 500 over that stretch. In a year largely characterized by outperformance in technology stocks, health care has been one of the worst S & P 500 sectors . The stock entered Monday's session down more than 11% in 2023, the third-worst of any Club stock.

Persons: Jim Cramer, Jim, Centene, Molina, it's, Ford's outperformance, –, Shawn Fain, Ford, Honeywell's outperformance, Vimal, Morgan Stanley, Kupar, Darius Adamczyk, Jim Cramer's Organizations: Federal Reserve, Treasury, CVS Health, Molina Healthcare, McKesson Corp, Humana, Costco Wholesale, Ford, Costco, Club, Detroit, General Motors, Chrysler, United Auto Workers, GM, UAW, Reuters, Honeywell International, Meta, Street Journal, Morgan, CNBC, New York Stock Exchange, View Press, Getty Locations: Friday's, Kupar, New York

☆ Ford pausing work on $3.5 billion Michigan electric vehicle battery plant
▼ + stars: | 2023-09-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Ford is pausing work on a new, $3.5 billion electric vehicle battery plant in Michigan, even as the transition to electric vehicles has become a major sticking point in a United Auto Workers strike against automakers Ford, GM and Stellantis. No final decision has been made on whether the plant will, ultimately, become operational, said Ford spokesman T.R. If completed, the plant will be located on a 950-acre site in southern Michigan near the town of Marshall. The battery plant was planned to operate in addition to plants in Kentucky and Tennessee that Ford announced in 2021. Ford has said it plans to be able to produce 2 million electric vehicles globally by late 2026.

Persons: CNN — Ford, T.R, Reid, Ford’s, Ford, “, ”, ” Ford, Shawn Fain Organizations: CNN, United Auto Workers, Ford, GM, Marshall, General Motors, UAW, Ford Motor Co, Amperex Technology, SK Innovations Locations: Michigan, Marshall, United States, Kentucky, Tennessee, South Korea

☆ Canadian union Unifor names GM its second bargaining target among Detroit Three
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

The new 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 RightsSept 25 (Reuters) - Canadian union Unifor announced General Motors (GM.N) as its second bargaining target in contract talks with the Detroit Three on Monday, a day after ratifying a new three-year contract with Ford Motor (F.N). Unifor had set Ford as the first target for a pattern agreement in its contract discussions with the Detroit Three in Canada. Talks with GM are set to begin on Tuesday, Sept. 26, the union said. The Canadian operations of the Detroit Three are much smaller than their U.S. setups, but the three automakers each has critical factories in Canada.

Persons: Rebecca Cook, Unifor, Ford, Shivansh, Pooja Desai Organizations: General Motors, REUTERS, Detroit, Ford Motor, Ford, Ford of, GM, United Auto Workers, UAW, Thomson Locations: Detroit , Michigan, U.S, Canada, Ford of Canada, United States, Bengaluru

DETROIT (AP) — Ford Motor Co. said Monday that 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. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. Earlier this year Virginia dropped out of the race for the same Ford plant after Republican Gov.

Persons: —, Ford, Marshall, TR Reid, ”, Shawn Fain, Sarah Lightner, Ford “, “, ” Lightner, Sam Abuelsamid, Abuelsamid, Biden, Glenn Youngkin, Joey Cappelletti, David Koenig Organizations: DETROIT, — Ford Motor, United Auto Workers union, UAW, Ford, Detroit, General Motors, EV, Amperex Technology, . Ltd, Republican State Rep, Guidehouse, Republican Gov, Chinese Communist Party, ____ Associated Press Locations: Michigan, Marshall , Michigan, Detroit, Marshall, China, U.S, Virginia, Lansing , Michigan, Dallas

☆ Workers with Canadian union Unifor vote in favor of Ford contract
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: 1 min

Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsCompanies Ford Motor Co FollowSept 24 (Reuters) - Canadian labor union Unifor said on Sunday its members had voted to ratify a new contract with Ford Motor (F.N), a relief for the Detroit automaker locked in a separate tussle with its U.S. union over demands for better pay and benefits in the country. Reporting by Nathan Gomes and Mrinmay Dey in Bengaluru Editing by Pooja Desai and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Wolfgang Rattay, Unifor, Nathan Gomes, Mrinmay Dey, Pooja Desai, Matthew Lewis Organizations: REUTERS, Ford, Ford Motor, Detroit, Thomson Locations: Frankfurt, Germany, Bengaluru

Canadian autoworkers ratified a new labor agreement with Ford Motor Co. on Sunday, averting a threatened strike and potentially setting a precedent that could play out in the United Auto Workers' strike at automaker facilities in the U.S. The new agreement raises base hourly pay for production workers by almost 20% over three years, and by more than 25% for trade workers, the Canadian autoworker union Unifor said. Ford described the pact as a 15% wage increase over the three year life of the agreement. But, according to the union, that figure doesn't include compounding of each annual increase or the initial cost-of-living increase, both of which should increase workers' actual pay. It's been one week since the United Auto Workers launched historic work stoppages against major car makers.

Persons: Unifor, Ford, It's Organizations: Ford Motor, United Auto Workers, U.S, Canadian, General Motors, Stellantis

☆ Unifor says Ford offers wage increases of 10% for first year
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +3 min

Sept 23 (Reuters) - Ford Motor (F.N) has offered Canadian union Unifor wage increases of up to 25% in its tentative agreement, the union said on Saturday. Unifor, which represents about 5,600 Canadian auto workers, on Friday said that its Ford leadership group has voted unanimously to support the tentative agreement. Ford is also in the midst of contract negotiations in the U.S. with a strike by the United Auto Workers (UAW) union at its at the automaker's Wayne, Michigan assembly plant. UAW President Shawn Fain said in a Facebook live event that by targeting distribution centers the strike becomes a nationwide event. A Reuters/Ipsos poll released on Thursday showed significant support by Americans for the striking auto workers.

Persons: Unifor, Ford, Shawn Fain, Joe Biden, Donald Trump, Gokul, Daniel Wallis, Alistair Bell Organizations: Ford, United Auto Workers, UAW, GM, Detroit, Reuters, U.S, Thomson Locations: U.S, Wayne , Michigan, United, Michigan, Bengaluru

☆ Canadian autoworkers vote on tentative deal with Ford
▼ + stars: | 2023-09-23 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —Members of Canada’s autoworkers union, Unifor, began voting Saturday on a tentative three-year agreement the union announced it reached with Ford Motor Co. last week. Ford has said it will not comment on the terms of the tentative agreement while Unifor conducts its ratification vote. The provisional agreement comes as Ford is making headway in its negotiations with the United Auto Workers, the union representing American workers. “We do want to recognize that Ford is serious about reaching a deal,” UAW President Shawn Fain said Friday. The UAW said it did not have a comment on the terms of the Unifor deal with Ford.

Persons: Canada’s, Unifor, ”, —, “, Ford, Shawn Fain Organizations: CNN, Ford Motor Co, Stellantis, General Motors, United Auto Workers, Ford, UAW

☆ Despite all the gloom, we're buyers going into next week. These 3 things are on our radar
▼ + stars: | 2023-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio

Biden is running for re-election in 2024 and will likely face Trump, who is the frontrunner for the Republican presidential nomination. "The only reason Biden is going to Michigan on Tuesday is because President Trump announced he is going on Wednesday," the Trump campaign said in a statement late on Friday. Trump has called for rank-and-file union workers to ignore their leaders. United Auto Workers President Shawn Fain blasted Trump earlier in the week, saying the union was "fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers." Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Donald Trump, I’ll, Trump, Jeremi Suri, Jimmy Carter, Biden's, CLASS, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot, “, Laura Zielinski, ” Thomas Morris, Morris, Heather Timmons, Jeff Mason, Ben Klayman, David Gaffen, Kanishka Singh, Jarrett Renshaw, Matthew Lewis, Nick Zieminski, Alistair Bell, Timothy Gardner Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, Detroit, UAW, Republican, Friday, General Motors, Chrysler, Ford Motor, University of Texas, Washington, CLASS Trump, White House, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, Michigan, United States, Austin, Detroit, Toledo , Ohio, Toledo, Philadelphia, Washington, New York

☆ S&P 500, Nasdaq notch biggest weekly losses since March
▼ + stars: | 2023-09-22 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. All three posted weekly losses, with the S&P 500 and the Nasdaq registering their largest Friday-to-Friday percentage drops since March. On Thursday, the S&P 500 dipped below its 100-day moving average - a key support level - for the first time since March, Its failure to break above that level suggests the index is still under downward pressure. Among the 11 major sectors of the S&P 500, consumer discretionary (.SPLRCD) suffered the steepest percentage loss, while tech (.SPLRCT) and energy (.SPNY) were the only gainers. The S&P 500 posted one new 52-week high and 35 new lows; the Nasdaq Composite recorded 33 new highs and 321 new lows.

Persons: Brendan McDermid, Alibaba, Zachary Hill, Hill, Jerome Powell, Michelle Bowman, Robert Pavlik, Li Auto, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reuters, UAW, Dow, Nasdaq, Horizon Investments, Benchmark U.S, Treasury, Dakota Wealth, Dow Jones, Ford Motor, United Auto Workers, Activision, Microsoft, PDD Holdings, Baidu, Bloomberg, Hong, NYSE, Thomson Locations: New York City, U.S, Hong Kong, Charlotte , North Carolina, Fairfield , Connecticut, Bengaluru

☆ Biden visit to UAW strike would be historic move by US president
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +4 min

The UAW on Friday invited Biden to visit workers on its picket lines, and said that it would expand its Detroit strike to parts distribution centers across the United States at General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI). "It’s very rare for a president to visit strikers," said Jeremi Suri, a historian and presidential scholar at the University of Texas at Austin. The White House said the president appreciates the UAW invitation, saying Biden will continue to fight for workers, but but did not immediately commit to visiting the strikers. Biden said the automakers should "go further to ensure record corporate profits mean record contracts for the UAW," echoing sentiments by union leaders. Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Jeremi Suri, Jimmy Carter, Biden's, Donald Trump, Trump, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot Lodge, “, Laura Zielinski, Heather Timmons, Ben Klayman, David Gaffen, Matthew Lewis, Nick Zieminski Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, UAW, Friday, Detroit, General Motors, Chrysler, Ford Motor, University of Texas, Washington, Trump, White House, Massachusetts, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, United States, Austin, Detroit, Toledo , Ohio, Toledo, Washington, New York

☆ VIEW UAW expands strikes against GM, Stellantis
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +3 min

The escalation comes as the labor group and the automakers remain apart on terms of a new contract covering 146,000 workers. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES:"This becomes a full on tidal wave of strikes for GM and Stellantis. "This is like union 101 in terms of divide and conquer and put more pressure on GM and Stellantis. "I think GM and Stellantis are going to fight this. But I am less confident Stellantis can work it out because they are by far the worst of the three with labor relations."

Persons: Sheila McGee, Michael Swensen, BRANDON PIZZURRO, DANIEL IVES, Ford, ARTHUR WHEATON, TODD VACHON, Ankika Biswas, Peter Henderson, Bianca Flowers, Anil D'Silva Organizations: Ford, UAW, REUTERS, United Auto Workers, General Motors Co, Ford Motor, GM, Motors, RUTGERS, Thomson Locations: Louisville , Kentucky, U.S, Bengaluru

"Stellantis and GM in particular are going to need some serious pushing," Fain said Friday. Fain said Ford had improved its contract offer, including boosting profit sharing and agreeing to let workers strike over plant closures but said the union still has "serious issues" with Ford. "This is like union 101 in terms of divide and conquer, and put more pressure on GM and Stellantis," Ives added. GM, Ford and Stellantis have said they are making contingency plans for further U.S. work stoppages. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three Ford plants in the country.

Persons: Phaedra Grant, Michael Swensen, Biden, Fain, Shawn Fain, Stellantis, Joe Biden, Donald Trump, Ford, Daniel Ives, Ives, Karine Jean, Pierre, Mark Reuss, David Shepardson, Joseph White, Ben Klayman, Peter Henderson, Jeff Mason, Matthew Lewis, Nick Zieminski Organizations: Ford, UAW, REUTERS, Ford Union, GM, United Auto Workers, Detroit, General Motors, Chrysler, Ford Motor, Silverado, Ford Bronco, Chevrolet, Reuters, Biden, Republican, White, Detroit automakers, Thomson Locations: Louisville , Kentucky, U.S, DETROIT, United, California, Massachusetts, Oregon, Florida, Kokomo , Indiana, Kokomo, Michigan, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco

☆ UAW President Fain gives details of talks with automakers
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

** UAW won reinstatement of the cost of living allowance that was suspended in 2009. UAW "won a serious victory at CCA (Customer Care and Aftersales) and GMCH (GM Components Holdings) and we have killed those wage tiers. ** GM rejected proposals to convert temporary workers to permanent. At Stellantis:** Stellantis is offering a "deficient" cost-of-living allowance that is projected to provide zero increases to employees over the next four years. ** Stellantis rejected proposals to convert temporary workers.

Persons: Shawn Fain, Ford, Fain, Mehr Bedi, Maju Samuel Organizations: United Auto Workers, Detroit, General Motors, Chrysler, Ford Motor, UAW, Ford, GM, Sterling, Holdings, Thomson Locations: Bengaluru

☆ UAW targets 38 facilities at GM and Stellantis for expanded strikes; skips Ford
▼ + stars: | 2023-09-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – The United Auto Workers is expanding strikes to 38 parts and distribution locations across 20 states for General Motors and Stellantis , UAW President Shawn Fain said Friday morning. The union will not initiate additional strikes at Ford Motor , as the company has proven it's "serious about reaching a deal," Fain said during a Facebook Live. "We still have serious issues to work through, but we do want to recognize that Ford is showing that they're serious about reaching a deal," said the outspoken union leader. Fain said the union and Ford have made progress on issues including eliminating some wage tiers, reinstating cost-of-living adjustments and an improved profit-sharing formula. Ford said the company is "working diligently with the UAW to reach a deal," but "we still have significant gaps to close on the key economic issues."

Persons: Shawn Fain, Fain, Ford Organizations: DETROIT, United Auto Workers, General Motors, Stellantis, UAW, Ford Motor, Ford, GM

☆ Explainer: UAW expands strikes against GM, Stellantis in fight over new contract
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +6 min

People attend a UAW rally to support striking workers outside an assembly plant in Louisville, Kentucky, U.S., September 21, 2023. The UAW, which represents 46,000 GM workers, 57,000 Ford employees and 43,000 Stellantis workers, kicked off negotiations with the companies in July. Contract talks between the UAW and the Detroit automakers in past years had gone on until the strike deadline and beyond. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike. The UAW is pushing automakers to eliminate the two-tier wage system under which new hires can earn far less than veterans.

Persons: Michael Swensen, Shawn Fain, they’ve, Fain, Mark Reuss, Ford, GM's, Morgan Stanley, Adam Jonas, Biden, Tesla, Nathan Gomes, Paul Simao, Sriraj Kalluvila, Diane Craft, Anil D'Silva Organizations: UAW, REUTERS, United Auto Workers, General Motors Co, Ford Motor, General Motors, Chrysler, WHO, Ford, Detroit, Reuters, Ford Bronco, Chevrolet, Wall, GM, FROM, Detroit Free Press, EV, Deutsche Bank, Thomson Locations: Louisville , Kentucky, U.S, Michigan , Ohio, Missouri, Chevrolet Colorado, Bengaluru, Washington

☆ Cramer's week ahead: Earnings from Costco, Paychex and Accenture
▼ + stars: | 2023-09-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday told investors what to look out for in the week ahead, and focused on companies whose earnings reports could lend insight into consumer spending. On Tuesday, Cintas and Costco report earnings. He thinks investors should also pay attention to whether Costco is seeing any kind of consumption slowdown to help gauge consumer spending. Paychex , a payroll processors for small and medium-sized businesses, reports earnings on Wednesday. On Thursday, Cramer will look for the earnings report from Accenture , a company that helps businesses digitize their operations.

Persons: CNBC's Jim Cramer, Cramer Organizations: United Auto Workers, Ford Motor, Costco, Accenture Locations: Cintas

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Ford Motor (F.N) advanced 2.5% after Reuters reported the United Auto Workers (UAW) was set to announce progress in labor contract talks with the carmaker. Several Fed policymakers, including policy voting member Minneapolis President Neel Kashkari, are set to speak during the day. Advancing issues outnumbered decliners by a 2.11-to-1 ratio on the NYSE and by a 1.44-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 26 new lows, while the Nasdaq recorded 14 new highs and 102 new lows.

Persons: Brendan McDermid, dampening, Jason Pride, Neel Kashkari, Li Auto, Alibaba, Bernstein, Wells, Ankika Biswas, Shristi, Anil D'Silva, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Activision, Microsoft, Ford, Reuters, UAW, Dow, Nasdaq, United Auto Workers, U.S, Treasury, Apple, Nvidia, Minneapolis, Dow Jones, PDD Holdings, Baidu, Hong, Charter Communications, NYSE, Thomson Locations: New York City, U.S, Glenmede, Philadelphia, Hong Kong, Bengaluru

☆ Here's why Jim Cramer believes that fears about Starbucks in China are overblown
▼ + stars: | 2023-09-22 | 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. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Jim Cramer's, Jim, Shawn Fain, Ford Organizations: CNBC, Nasdaq, Dow, Treasury, U.S, Texas, Starbucks, United Auto Workers, General Motors, Club, Ford, UAW, GM Locations: China, Seattle, Shanghai

☆ US opens probe into about 240,000 Ford EcoSport vehicles
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The 2018 Ford Ecosport is displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Mark Blinch Acquire Licensing RightsCompanies Ford Motor Co FollowSept 22 (Reuters) - U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford (F.N) EcoSport vehicles after consumer complaints alleging oil pump failure. The investigation was opened on September 20 by the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation, the NHTSA said. It said it had received 95 complaints alleging that the oil pump may fail, resulting in a loss of motive power while the vehicle is in motion. 2 U.S. automaker's previous recall of 710,000 Explorer SUVs over power loss reports to determine if a fix implemented by Ford was adequate.

Persons: Ford Ecosport, Mark Blinch, Ford, Kanjyik Ghosh, Jason Neely Organizations: North American, REUTERS, Ford, National, NHTSA, Thomson Locations: Detroit , Michigan, U.S, Bengaluru

☆ Carmakers will blink first in union standoff
▼ + stars: | 2023-09-22 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

REUTERS/Michael Swensen Acquire Licensing RightsNEW YORK, Sept 22 (Reuters Breakingviews) - Detroit will run out of road before its unions do. In 2019, when a UAW strike closed manufacturing at GM for 40 days, it reduced output by 300,000 vehicles and operating profit by $3.6 billion. The crux of negotiations probably will come down to wages, where Fain said Ford has budged, including the reinstatement of cost-of-living increases. With the UAW prepared to endure, Detroit will be pressured to blink. The union on Sept. 15 initiated targeted walkouts at three plants owned by the three Detroit vehicle manufacturers.

Persons: Sheila McGee, Michael Swensen, Shawn Fain, Fain, Ford, walkouts, Lauren Silva Laughlin, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Ford, UAW, REUTERS, Reuters, United Auto Workers, General Motors, GM, Ford Motor, Detroit, Thomson Locations: Louisville , Kentucky, U.S, Detroit, Wells

☆ U.A.W. Widens Strikes at G.M. and Stellantis, but Cites Progress in Ford Talks
▼ + stars: | 2023-09-22 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Automobile Workers union on Friday significantly raised the pressure on General Motors and Stellantis, the parent of Jeep and Ram, by expanding its strike against the companies to include all the spare parts distribution centers of the two companies. Shawn Fain, the union’s president, said Friday that workers at 38 distribution centers, which provide parts to dealerships for repairs, at the two companies would walk off the job at noon. He said talks with two companies had not progressed significantly, contrasting them with Ford Motor, which he said had done more to meet the union’s demands. “We will shut down parts distribution centers until those two companies come to their senses and come to the bargaining table,” Mr. Fain said. distribution centers that employ a total of 3,475 workers, and 20 Stellantis centers with 2,150 U.A.W.

Persons: Shawn Fain, “, Mr, Fain Organizations: United Automobile Workers, General Motors, Jeep, Ford Motor

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