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Bloomberg72d agobearish
SpaceX Wants a Fee Cut From IPO Bankers Targeting $500 Million Windfall

(Bloomberg) -- Elon Musk’s SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Sa

More Incentives Needed To Drive EV Demand, Mazda Executive Says
Benzinga73d agoneutral
More Incentives Needed To Drive EV Demand, Mazda Executive Says

Automakers may need governments to shift from EV mandates toward consumer incentives as electric vehicle adoption growth slows in some regions, according to a senior Mazda executive. Mazda Australia Managing Director Vinesh Bhindi said regulators should focus more heavily on...

BMW doubles down on humanoid robots after a U.S. test run
TheStreet73d agoneutral
BMW doubles down on humanoid robots after a U.S. test run

Every generation of workers hears that a machine is coming for its job. Sometimes the machine arrives. More often it just reshuffles the work, moving people from one task to another without the dramatic reckoning anyone braced for. Factories have carried that worry longer than most workplaces. The ...

UAW Goes on Strike at Key General Motors Truck Supplier Plant
The Wall Street Journal73d agoneutral
UAW Goes on Strike at Key General Motors Truck Supplier Plant

Nearly 1,000 workers at a Michigan automotive supplier went on strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich., are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.

UAW to Strike at Key General Motors Truck Supplier Plant
The Wall Street Journal73d agoneutral
UAW to Strike at Key General Motors Truck Supplier Plant

Nearly 1,000 workers at a Michigan automotive supplier are set to strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich. are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.

Ford vs GM: One Auto Giant Looks Much Stronger for 2026
24/7 Wall St.74d agoneutral
Ford vs GM: One Auto Giant Looks Much Stronger for 2026

Ford (NYSE:F) and General Motors (NYSE:GM) closed Q1 2026 with a sharp contrast. GM topped estimates with a 41.31% EPS beat built on margin discipline. Ford answered with a $2.50 billion swing in adjusted EBIT and a louder transformation story. Both raised guidance. Only one is winning. Act now: the analyst who called NVIDIA in ... Ford vs GM: One Auto Giant Looks Much Stronger for 2026

3 Cash-Producing Stocks That Concern Us
StockStory76d agoneutral
3 Cash-Producing Stocks That Concern Us

While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.

Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant
Reuters76d agoneutral
Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant

DETROIT, May 29 (Reuters) - A battery plant partly owned by General Motors is delaying the ‌return of hundreds of workers in northeast Ohio amid ‌continued weak demand for electric cars. Workers at the Ultium Cells plant in ​Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will begin to return to work in August, the company confirmed in a statement to Reuters.

GM Authorized $6 Billion in Buybacks. Will Ford Match the Move?
24/7 Wall St.76d agobullish
GM Authorized $6 Billion in Buybacks. Will Ford Match the Move?

Ford (NYSE: F) and General Motors (NYSE: GM) recently posted Q1 2026 results, and the contrast in how each is returning cash was the most striking takeaway. GM authorized a new $6 billion buyback in January and lifted its dividend. Ford kept its payout flat and bought back a fraction of that. Same industry, very ... GM Authorized $6 Billion in Buybacks. Will Ford Match the Move?

Ford recalls one of its best-selling vehicles
TheStreet77d agobearish
Ford recalls one of its best-selling vehicles

Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...