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Stock impact report

Defense officials reportedly asked GM and Ford for help with munitions [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
who are seeking the automakers' help to increase the nation's supply of military equipment. The Pentagon wants to use the automakers' workforce and factory capacity to help it produce more weapons and other equipment as the war in Ukraine has depleted inventory, and now the war on Iran it also taking a toll. To be clear, the automakers would likely not make weapons, but rather produce the structural components to be subcontracted to a weapon manufacturer. The car companies have an expertise in stamping, casting, forging and working with plastics and other composites. But no details have been defined given there has only been exploratory talks at this point. GM Defense Infantry Squad Vehicle at its Proving Grounds in Yuma, AZ The Wall Street Journal was first to report that there were discussions, but a source familiar with the situation confirmed to the Detroit Free Press some context and that the meetings had taken place, as early as last year, well before the war on Iran beg Show less Read more
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