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The Latest Breaking News from Stellantis NV

Stellantis signs non-binding supply deal for raw materials needed for EV batteries

Jeep maker Stellantis NV on Monday announced it has signed a non-binding memorandum of understanding with a supplier for raw materials needed to build electric-vehicle batteries.

Tribune News Service

Stellantis CEO: 'We have zero problem with unions' at battery plants

DETROIT — The CEO of Stellantis NV says employees of its joint-venture electric-vehicle battery manufacturing plants will be unionized if they wish.

Tribune News Service

Stellantis solid-state EV battery partner to open pilot plant in Massachusetts

Stellantis NV's solid-state battery partner on Thursday said it has acquired a facility in Massachusetts it will expand for a pilot production plant as a part of a $45 million investment.

Tribune News Service

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Appeals court dismisses GM's 2019 suit against FCA

The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

FCA sentenced to pay $300M in diesel emissions cheating case

DETROIT — A federal judge on Monday sentenced the U.S. division of Stellantis NV to pay $300 million in penalties and forfeitures for cheating on government emissions testing on "clean EcoDiesel" for Jeep Grand Cherokee SUVs and Ram 1500 pickup trucks.

Tribune News Service

Buy the Dip in Auto Stocks? Here Are 2 to Consider

The automotive industry has been witnessing robust demand despite the rising prices. Moreover, intensive investments and rapid technological advancements are expected to drive growth in the coming years. Given this backdrop, we think investors should consider buying the dip in auto stocks Honda Motor (HMC) and Stellantis (STLA). Read on….

StockNews.com

UAW delegates increase leader salaries while rejecting 'equal pay for equal work' amendment

DETROIT— United Auto Workers delegates on Tuesday rejected an opportunity to codify in their constitution "equal pay for equal work" ahead of next year's negotiations with the Detroit Three automakers, and increased the salaries of International Executive Board officers.

Tribune News Service

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Dodge, Ram top mass market brands in JD Power APEAL study

Stellantis NV brands Dodge and Ram were customers' favorite mass market vehicles in the 2022 J.D. Power U.S. Automotive Performance, Execution and Layout study released Thursday.

Tribune News Service

Stellantis to dissolve joint venture with GAC, import Jeeps to China

Jeep maker Stellantis NV is dissolving its money-losing joint venture with its Chinese partner and instead will import the iconic SUVs into the world's largest autos market.

Tribune News Service

Stellantis Launches Primary Health Care Center In Ohio To Serve Employees

Stellantis NV (NYSE:STLA) has launched a primary care health and wellness center in Toledo, Ohio, in collaboration with ProMedica Health System. Starting July, the health-care center will serve more than 9,500 employees and their families working and living within a 15-mile radius of the facility. The 12,000-square-foot health and wellness center will feature 13 examination rooms…

Benzinga

Stellantis investment makes it 2nd largest shareholder in lithium supplier

Jeep maker Stellantis NV is investing nearly $53 million (50 million euro) into its European lithium partner in an effort to create a reliable supply chain of the critical mineral for electric-vehicle batteries.

Tribune News Service

Stellantis Makes €50M Equity Investment In Lithium Company Vulcan Energy Resources

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

Benzinga

Mini EVs sell out in 18 minutes

PARIS: A limited edition of 50 Citroen mini electric cars sold out in less than 18 minutes, parent company Stellantis NV said, prompting the French brand to post a cheeky message to electric car pioneer Elon Musk.

Bangkok Post

Arbitrator orders Stellantis to end vaccine mandate in Canada

Chrysler and Dodge maker Stellantis NV must end its COVID-19 vaccine mandate for Canadian employees after an arbitrator determined the policy is now unreasonable because of waning efficacy against the omicron variant.

Tribune News Service

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StockNews.com

2 Undervalued Auto Manufacturing Stocks That Yield More Than 3%

The auto manufacturing industry is expected to witness a solid recovery with the rising demand for zero-emission vehicles and government and private efforts to resolve the semiconductor shortage. So, it could be wise to scoop up shares of the fundamentally-strong automotive companies Honda Motor (HMC) and Stellantis (STLA), offering more…

Tribune News Service

Stellantis unveils new plan for lobbying in Europe

Jeep maker Stellantis NV says it's withdrawing from the European Automobile Manufacturers Association at the end of the year and will create its own forum to engage with industry stakeholders on the future of transportation.

Tribune News Service

Ford, GM, Stellantis, Toyota urge Congress to lift EV tax credits cap

WASHINGTON — Ford Motor Co., General Motors Co., Stellantis NV and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits.

Tribune News Service

Stellantis' Windsor Assembly Plant to build STLA Large electric vehicles

Chrysler maker Stellantis NV said on Friday it will build vehicles based off its new electric STLA Large platform at its Windsor Assembly Plant in Ontario after the automaker retools the plant starting next year.

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Tribune News Service

FCA pleads guilty in emissions fraud case, to pay $300M total in settlement

DETROIT — The U.S. division of Stellantis NV on Friday pleaded guilty for cheating on government emissions testing on Jeep and Ram vehicles and will pay a total of nearly $300 million in penalties and forfeitures.

StockNews.com

4 Buy-Rated Stocks with Massive Dividends

As the better than expected jobs report is unlikely to give the Federal Reserve reason to pause its aggressive monetary policy tightening, and thus the economy could witness a slowdown, we think it could be wise to scoop up shares of high-dividend companies ZIM Integrated (ZIM), Western Midstream (WES), Stellantis…

Tribune News Service

Stellantis secures lithium supply for North American EVs

Jeep maker Stellantis NV has signed a binding agreement with a lithium hydroxide supplier to provide the mineral for North American electrified vehicle production, the automaker said on Thursday, just as its CEO warns about possible battery shortages in the future.

Tribune News Service

Stellantis CEO warns recession could harm EV adoption

Carlos Tavares, CEO of Jeep maker Stellantis NV, on Tuesday warned that a recession could be disastrous for the automotive industry as economic policymakers increase interest rates to curb inflation.

Tribune News Service

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.

Benzinga

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…

Tribune News Service

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.

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