The Big 3 are citing EV demand green shoots in a challenging market. GM stock cleared a buy point. Ford rose ahead of a Stellantis event.
GM reached a tentative agreement covering battery workers in Lordstown, Ohio. With more plants opening, including in the reddest states, electric vehicles look less like a political issue.
(Reuters) -The United Auto Workers union said on Monday it reached a tentative contract agreement with Ultium Cells in Lordstown, Ohio, where workers build electric vehicle batteries for General Motors. Ultium Cells is a joint venture between GM and LG Energy Solution. Hourly workers at the Ohio plant near Cleveland, which GM previously shuttered, voted in favor of joining the union in December 2022.