The Latest Breaking News from GM

Jim Farley also said EVs are at a disadvantage in the market today because of their higher prices compared to ICE-powered alternatives.

September S&P 500 futures (ESU23) are up +0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.14% this morning as investors watched for fallout from a strike initiated by the United Auto Workers union, with the focus now shifting to the Federal Reserve’s interest-rate decision scheduled for next week.

About 13,000 U.S. auto workers stopped making vehicles and headed for the picket lines Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay

United Auto Workers union unable to agree deal with Ford, GM and Stellantis, who have seen profits and executive pay soar

For the first time ever, the UAW launched a strike against all Big 3 automakers at once, starting with three locations in the Midwest.

Less than two hours before the strike deadline, United Auto Workers revealed the first wave of plants to be targeted if the union and the Big 3 automakers fail to reach a deal just before midnight.

The UAW, without an agreement with the Detroit Three, initiated walkouts early Friday at one GM, Ford and Stellantis plant each in Missouri, Michigan and Ohio.

As United Auto Workers union prepares to strike at Detroit automakers, will it be wise to buy General Motors (GM) shares today? Read on.

With a deadline looming just before midnight Thursday, the United Auto Workers union and Detroit’s three automakers are far apart in contract talks and the union is preparing to strike