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You are welcome. The situation is fluid; trying to stay on top of the news!
New: Hamtramck, Lordstown Plants could be saved in new GM, UAW Contract via Motor1
*Lordstown plant could be partly used for the manufacture of batteries for GM; part of the manufacturing facility could also be sold to Lordstown Motors Corp.
That would be a win-win situation for GM, UAW, and WKHS/Lordstown Motors, IMO.
https://www.google.com/amp/s/www.motor1.com/news/371369/hamtramck-lordstown-saved-gm-contract/amp/
I think so too. If the theory is true that the UAW encouraged a GM strike to bury their own scandal story, the strike could end sooner than later.
GLTA
TY. The horsey is showing some promise!
New: Electrical Vehicle Battery Plant in Lordstown Could Boost GM in Market
*Includes info on Lordstown Motors Corporation/WKHS
https://www.tribtoday.com/news/local-news/2019/09/electric-vehicle-battery-plant-in-lordstown-could-boost-gm-in-market/
GM/UAW negotiations to resume Monday at 10am. Strike expected to begin tonight. Teamsters have also decided to stand behind the UAW and won’t transport GM vehicles.
This could get really ugly very soon.
Leaves WKHS up in the air regarding Lordstown Motors.
Despite hope, GM Lordstown not reopening via The Vindicator
“GM officials say they are negotiating with the Lordstown Motors Corp. to sell the facility to that new company.”
https://www.vindy.com/opinion/community/2019/09/despite-hope-lordstown-gm-not-reopening/
Latest GM/UAW news:
Auto Workers’ union delays GM Strike, but says ‘significant differences’ remain via CNN
https://www.google.com/amp/s/amp.cnn.com/cnn/2019/09/14/business/uaw-gm-contract-strike/index.html
UAW represented janitors at some plants go on strike via Detroit Free Press
https://www.google.com/amp/s/amp.freep.com/amp/2278803001
Ford, GM rev up electric pickup trucks to head off Tesla
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1VY0YE
WKHS has been silent since the conference. Not happy about the silent treatment at all. They really need to release something soon or the stock will continue downward.
Workhorse Group Inc Shares Acquired by Cannell Peter B Co. Inc. Purchased 324,903 Shares
https://www.google.com/amp/s/techknowbits.com/2019/09/11/workhorse-group-inc-nasdaqwkhs-shares-acquired-by-cannell-peter-b-co-inc.html/amp
GM Strike Risk at 12-year High with Weekend Deadline Approaching
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-09-11/gm-strike-risk-at-12-year-high-with-weekend-deadline-approaching
Freddie Mac Prices $718 Million Multi Family K-Deal, K-F67
https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-prices-718-million-multifamily-k-deal-k-f67
UAW sets GM janitorial workers’ contract to expire; Strike could halt auto production
https://www.google.com/amp/s/amp.freep.com/amp/2279586001
This article states that the UAW has summoned all GM local union officers to Detroit for a meeting at 10 am on Sunday (September 15).
Ditto! I’be scoured the media and POTUS’ schedule and can’t find any horsey news.
FNMA should keep us busy!
Welcome to the Fannie Mae board. Lots of fun and lots to read. All the time. Every day. Lol
GLTY
Looking much better this afternoon! FnF pulling out of yesterday’s slump.
That is the same thing I thought. It sounded like Mnuchin was describing it like FnF was incapable of operating without the govt propping them up.
Prayers for you and your family!
UAW Workers Brace for Potential Strike via Detroit Free Press
-UAW contract expires at 11:59 this Saturday, September 14.
https://www.google.com/amp/s/amp.freep.com/amp/2212486001
GM CEO Mary Barra may go to Meeting with Trump in Ohio via Autoblog.com
- includes recent labor stats for manufacturing.
I will update this post once there is a date set for this meeting in Ohio.
https://www.autoblog.com/2019/09/07/gm-ceo-mary-barra-trump-ohio-meeting/
That sounds reasonable!
New WSJ article- How Fannie and Freddie Have Changed Since the Crisis
https://www.google.com/amp/s/www.wsj.com/amp/articles/how-fannie-and-freddie-have-changed-since-the-crisis-11567953001
I thought this might help some understand how this whole thing unfolded.
Amen to that!
I believe this stock can finally breathe again and it will climb back up.
Yes, YUGE! It would certainly bode well, and suggest that things are moving in a positive direction for Lordstown. We shall see.
GLTA!
Fannie and Freddie Sellers May Be Misinterpreting Housing Reform Plan
https://m.benzinga.com/article/14392285
White House Adviser Kudlow Says GM CEO May Go to Meeting With Trump in Ohio
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1VR1SH
Post Trump/GM meeting article: GM CEO Mary Barra Calls Meeting with Trump ‘Productive and Valuable’
https://www.google.com/amp/s/www.cnbc.com/amp/2019/09/05/gm-ceo-mary-barras-meeting-with-trump-comes-at-a-pivotal-time-for-automaker.html
You are welcome!
GLTY
GM CEO Mary Barra to meet Trump at the White House today.
https://www.reuters.com/article/us-gm-trump/gm-ceo-barra-to-meet-with-trump-thursday-white-house-idUSKCN1VP30T
WKHS Presentation at 3pm Pacific time today at the Gateway Conference. Link with all the info in the News tab.
New article: What to Know About the UAW Strike Possibility at the Big 3 Automakers
https://m.benzinga.com/article/14368658
I meant “webcast”
New Article: Supercharging Electric Fleets features discussion with UPS and other companies
Https://www.greenbiz.com/webcast/supercharging-electric-vehicle-fleets
Possibly ahead of the presentation on the 5th.
No pumping and usually no grumping either. Very mellow group of longs and swing traders. Take the time to do the DD on WKHS and Lordstown Motors and we will all get along fine.
GLTA
That, in my opinion, is the truth!
Nice close! It will probably trade like this until the next PR or the presentation, IMO.
GLTA
Lordstown Motors Corp is on LinkedIn
https://www.linkedin.com/company/lordstown-motors-corp
Good morning WKHS! It is Friday- I wonder if the promised news will be out today? The Lordstown Motors website is still inaccessible.