The ongoing friction between Stellantis, the multinational automotive corporation, and the United Auto Workers (UAW) union has entered a new phase with the filing of a lawsuit by the automaker against the union. This development comes after a series of escalating tensions marked by contract disputes, strikes, and contentious negotiations at Stellantis’ facilities. At the
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In a notable turn of events, General Motors (GM) has been compelled to suspend operations at two of its key production facilities located in the United States. This decision comes in the aftermath of Hurricane Helene, which has adversely affected supply chain logistics essential for manufacturing large pickups and SUVs—segments of the automotive market known
In recent years, the sports industry has witnessed a notable shift as owners increasingly seek to diversify their portfolios. The Miami Dolphins, a prominent NFL franchise, find themselves at the center of this transformation. Reports have emerged that the franchise is in advanced negotiations to sell a minority stake to Ares Management, a private equity
In a bid to elevate its standing in the competitive full-size SUV market, Ford Motor Company is rolling out a redesigned version of its Expedition for 2025. This ambitious overhaul focuses on enhancing technology and comfort, responding to the demands of modern families seeking convenience and luxury in their vehicles. The shift comes in response
Costco has recently projected itself into the lucrative sphere of precious metals by introducing Swiss-made platinum bars to its already popular lineup. Priced at $1,089.99 for a 1-ounce bar, this addition showcases the wholesaler’s commitment to catering to investors drawn by the allure of tangible assets, spanning both the traditional gold and silver markets as
Eli Lilly, a prominent player in the pharmaceutical sector, has made headlines with its ambitious plan to invest $4.5 billion into the construction of the Lilly Medicine Foundry. This facility is designed to advance drug manufacturing techniques, significantly contributing to the efficiency and effectiveness of how pharmaceuticals are produced. By streamlining the transition from lab-based
Stellantis, the automaker formed through the merger of Fiat Chrysler and PSA Group, is grappling with significant setbacks as it confronts a third consecutive quarter of declining vehicle sales in the United States. Despite efforts by CEO Carlos Tavares to rectify what he has labeled as “arrogant” mistakes within the company, the latest sales figures
Dish Network’s journey has been one characterized by ambition and strategic moves, reminiscent of a sitcom narrative that initially captivates its audience but ultimately struggles to deliver a satisfying conclusion. Founded in 1996, Dish started with innovative offerings in the pay-TV domain, harnessing satellite technology to provide access to countless channels. This business model initially
In a moment that has left many in the broadcasting community reflective, Hoda Kotb announced her departure from her long-standing role as co-anchor on NBC’s “TODAY” show. This decision, conveyed through an emotional letter to her colleagues, illustrates the complexity of balancing personal decisions with the profound connections developed over years in the fast-paced entertainment
In a significant development that underscores the challenges facing the airline industry, Southwest Airlines has announced plans to reduce its operations in Atlanta, a city that serves as a pivotal hub for air travel in the United States. According to a company memo obtained by CNBC, the airline will decrease its personnel in Atlanta by