tl;dr
The United Auto Workers Local 862 at Ford Motor's assembly plant in Kentucky rejected a new labor contract with production workers voting 55% against it. This implies that the approval of the deal is not guaranteed, with 70.7% of workers voting in favor of the deal across all the United Auto Workers...
The United Auto Workers Local 862 at Ford Motor's assembly plant in Kentucky rejected a new labor contract with production workers voting 55% against it. This implies that the approval of the deal is not guaranteed, with 70.7% of workers voting in favor of the deal across all the United Auto Workers plants.
Union at Ford Motor plant rejects new labor contract with production workers voting against the contract. Louisville production workers' rejection indicates that other union members may also vote against it. UAW President Shawn Fain had highlighted the tentative contract agreements between the union and Detroit automakers General Motors, Ford Motor, and Stellantis in a recent meeting with President Biden, with Biden expressing his full support for unionizing other automakers. Polling indicates a rising perception of unions favorably, with Ford Motor shares tracking 0.10% higher in premarket trading to $9.87.
More about Ford Motor Company
Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan. Ford's market capitalization is $174.23 billion, with a stock price of $13.49 and a price-to-earnings ratio of 6.44. The company reported a revenue of $39.47 billion, with a net income margin of 1.53%. Despite a relatively low net income margin, Ford has a strong market sentiment and a positive stock performance with a year-to-date return of 43.55%.
More about Tesla Inc
Key Financial Metrics:
- Total Revenue: $959,240,030,000
- Profit Margin: -0.442%
- Net Income: $225.82
- Earnings per Share: 0.088
Stock Performance:
- Current Stock Price: $711.15
- Stock Price Change: $3.11
- 52-week High: $900.40
- 52-week Low: $30.28
Market Sentiment:
Tesla, Inc. is a major player in the electric vehicle and clean energy market with the highest sales in the plug-in and battery electric passenger car segments in 2020. Despite a negative profit margin, the company's stock has shown volatility with a 52-week range of $30.28 to $900.40. Market sentiment towards Tesla remains strong, fueled by its leadership in the electric car industry and expansion into clean energy solutions.
More about Toyota Motor Corporation ADR
Key financial metrics for Toyota Motor Corporation ADR include a market capitalization of $414,265,659,880.00, a stock price of $189.36, and a price-to-earnings ratio of 18.91. The company's manufacturing of motor vehicles & passenger car bodies contributes to its annual revenue of $252,709,929,000. Market sentiment towards Toyota appears positive, with a stock performance of 1.979% and a price-to-book ratio of 0.24.
More about Honda Motor Co Ltd ADR
Key Financial Metrics: Honda Motor Co Ltd ADR reported a market capitalization of 49571123000, a price-to-earnings ratio of 8.51, and a dividend yield of 3.71%. The company's total revenue is 11063.27 billion and a net income of 18431812305000.
Stock Performance: The stock has a current price of 37.55 and a beta of 0.394.
Market Sentiment: The company operates in the manufacturing industry, specifically in motor vehicles and passenger car bodies, and has a positive market sentiment indicated by its strong financial metrics and stock performance.
More about General Motors Company
Key Financial Metrics: Revenue: $171,971,002,000 Net Income: $3,778,000,000 Market Price: $45.91 Earnings per Share: $7.12 Market Cap: 368,390,100,000 Dividend Yield: 0.0583 P/E Ratio: 0.36 Stock Performance: Stock Price Change: -2.2% Market Sentiment: Market sentiment for General Motors Company is slightly positive with a P/E ratio of 0.36 indicating undervaluation and a modest dividend yield of 0.0583 indicating stable returns for investors.
More about Stellantis NV
Stellantis NV is a global manufacturer of passenger cars, trucks, SUVs, and light commercial vehicles, with headquarters in Lijnden, the Netherlands. The company's manufacturing revenue totaled 59.477 billion Euros, with a profit margin of 2.875 and a return on equity of 1.34. The stock has a price-to-earnings ratio of 6.74 and a market capitalization of 60.48 billion Euros. Market sentiment towards Stellantis NV appears positive, with a current ratio of 0.104 and total assets of 189.96 billion Euros. Additionally, the stock has a dividend yield of 22.87%, and an earnings per share of 0.397.