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The Latest Breaking News from Stellantis NV

Stellantis, Samsung SDI will invest $2.5 billion for battery plant in Indiana

Jeep maker Stellantis NV and a South Korean battery manufacturer will invest at least $2.5 billion for an electric-vehicle battery plant in Kokomo, Indiana, creating 1,400 jobs, the companies said on Tuesday.

Tribune News Service

Stellantis, Samsung SDI To Build EV Battery Manufacturing Facility - Read More For Details

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

Benzinga

Stellantis to announce second North American battery plant in Kokomo, Indiana

Jeep maker Stellantis NV is expected to announce plans Tuesday to locate its second North American electric-vehicle battery manufacturing plant in Kokomo, Indiana, three sources familiar with the situation told The Detroit News, beating out two sites in Michigan.

Tribune News Service

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Toyota tops auto-supplier relations study, as Honda rises and Stellantis drops

Toyota Motor Corp. had the best working relationship with its North American suppliers, according to an annual study from accounting firm Plante Moran, while Honda Motor Co. showed the most improvement, and views on Jeep-maker Stellantis NV soured.

Tribune News Service

Isiah Thomas: ISIAH International & One World Expand Team, Share Plans For Hemp To Reduce Oil-Based Plastic In Auto Industry

ISIAH International, LLC and One World Products, Inc.

Benzinga

Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported. The company is looking to reshuffle dealers of its van and premium brands. The carmaker would end all current sales and services contracts with European dealers in an effort to…

Benzinga

Ford, GM, Stellantis to reinstate mask mandate at most Michigan facilities

DETROIT — Ford Motor Co., General Motors and Jeep maker Stellantis NV are reimplementing a mask mandate starting Monday at their facilities in Michigan counties that the Centers for Disease Control and Prevention have labeled as "high" risk for COVID-19 infection.

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Grab These 4 Top-Rated Auto Manufacturing Stocks on Sale

Rising input prices due to worsening supply disruptions and a semiconductor chip shortage have been hurting auto manufacturers. In April, U.S. new vehicle sales declined due to tight inventories and rising prices. However, given the industry’s solid long-term growth prospects, with an increasing focus on electric vehicles, quality auto manufacturing…

StockNews.com

Stellantis CEO warns about future EV battery shortage, Asian reliance

The CEO of Jeep maker Stellantis NV on Tuesday joined the chorus of voices in the auto industry warning about a future shortage of electric-vehicle batteries without more production in Europe and the United States, potentially risking the transatlantic automaker's EV commitments.

Tribune News Service

Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Benzinga

Stellantis Acquires Car Sharing Company Share Now For Undisclosed Sum

Stellantis NV (NYSE:STLA) said its mobility division, Free2move, has agreed to acquire car sharing company Share Now. The financial terms of the deal were not disclosed. Share Now was formed as a joint venture by Mercedes-Benz Mobility Group and Bayerische Motoren Werke AG (OTC:BMWYY) in 2019. The deal is expected to add 14 major…

Benzinga

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Benzinga

Stellantis Suspends Production In Russia

Stellantis NV (NYSE:STLA) said it is halting its production in Russia owing to economic sanctions and logistical difficulties. The automaker has 1% of Russia's car market, producing Peugeot, Citroёn, Opel, Jeep, and Fiat brands, Reuters reported. "Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga…

Benzinga

Stellantis to restructure auto finance services in China

Stellantis NV will consolidate its auto financial services in China to create a wholly owned auto finance company as a part of its restructuring in the world's largest auto market, where it has struggled.

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Chrysler shows edgier electric Airflow 'Graphite' concept

Chrysler is flashing an edgier look and feel for its all-electric Airflow SUV concept that's meant to signal the transformational direction of the struggling Stellantis NV brand.

Bangkok Post

Stellantis Shareholders Reject Executive Pay Packages

Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker's pay plan for top executives, including chief executive Carlos Tavares.

Benzinga

Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions

Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed. The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains. The companies look to utilize the latest Snapdragon Digital Chassis…

Tribune News Service

Why auto affordability concerns loom as costs rise, sales drop in Q1

Automakers and dealers are worried about affordability as supply-chain woes keep inventory levels low and customers are hit with increased inflation, high gas prices and climbing interest rates.

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Benzinga

Stellantis To Shut Down Russia Plant Due To Component Crisis; Looks To Source Computer Chips From Europe, US

Stellantis NV (NYSE:STLA) looks to source computer chips from Europe and the U.S. within three to four years, Reuters reports. CEO Carlos Tavares said multiple initiatives to develop more local sourcing of semiconductors after import shortages from Asia weighed on the industry. Stellantis looked to shut down a van plant in Russia…

Benzinga

Automakers Come In Support Of EPA's Stricter Tailpipe Standards: WSJ

Automakers, stating in court papers, will back environmental regulators in defending the higher standards, thus backing the Biden administration's stricter air pollution standards for passenger cars, writes the Wall Street Journal. The Alliance for Automotive Innovation, a lobbying group for automakers and suppliers, petitioned the U.S. Court of Appeals in Washington,…

Tribune News Service

Stellantis laying off more workers at Jeep plant in Illinois for 'sustainable' operations

Stellantis NV is laying off more workers at its Jeep plant in Illinois "in order to operate the plant in a more sustainable manner," the automaker said on Monday in a statement.

Benzinga

Stellantis Fires Up EV Rivalry With Tesla

Stellantis NV (NYSE:STLA), Mercedes-Benz Group AG (OTC:DMLRY), and TotalEnergies SE (NYSE:TTE) joint venture Automotive Cells Company looked to build an EV battery plant in Italy. The plant would involve an investment of over €7 billion, Reuters reports The partners aimed to increase its industrial capacity to at least 120-gigawatt hours (GWh) by 2030. ACC looked to produce batteries…

Tribune News Service

Maserati to electrify lineup by 2025, halt gas vehicle sales by 2030

Maserati will offer a fully electric lineup by 2025 and no long sell gas-powered vehicles by 2030, the luxury brand of Stellantis NV said on Thursday.

Benzinga

Stellantis, LG Energy Solution Eye New EV Battery Plant In Ontario: Bloomberg

Stellantis NV (NYSE:STLA) and LG Energy Solution Ltd look to build their new battery plant in Ontario, Canada, Bloomberg reports. The Canadian government’s incentives for clean-energy businesses served as a key driver in attracting the companies to the country. Also Read: Stellantis CEO Looks To Catch Up With Tesla In Coming Years, Russia-Ukraine Crisis Could Dampen…

Benzinga

Maserati Plans Electric Range Of All Models By 2025

Stellantis NV (NYSE:STLA) owned luxury brand Maserati said it is planning to offer electric versions of its lineup by 2025, CNBC reported. Maserati will start with GranTurismo EV featuring more than 1,200 horsepower in 2023. Maserati will follow suit with an all-electric Grecale midsize SUV and a Grancabrio GT car. Related: Porsche AG Sets High…

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