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The Latest Breaking News from Stellantis

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 And Samsung SDI To Build Battery Gigafactory In Indiana

Stellantis and Samsung SDI officially announced binding, definitive agreements related to the joint venture battery manufacturing facility in the US.

InsideEVs

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

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Stellantis, Samsung plan Indiana electric car battery plant

A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America

The Independent UK

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

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

Biden tendng to business in SKorea visit with Hyundai exec

President Joe Biden is tending to both business and security interests as he wraps up a three-day visit to South Korea on Sunday

The Independent UK

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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

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.

Tribune News Service

General Motors Could Return To Europe As EV-Only Automaker

CEO Mary Barra says there's potential in Europe's EV market.

Motor1

GM Ready To Return To Europe As EV-Only Maker: CEO

GM did not say when it plans to start sales and which of its new electric vehicles will be sold in Europe, the world's second largest EV market.

InsideEVs

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

Electric car battery shortage looms in 2025, warns Stellantis boss

Carlos Tavares says planned battery production boost won’t cope with surging demand for electric vehicles

The Guardian - UK

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

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Tribune News Service

Stellantis revenues rise even as shipments slide from chip shortage

The maker of Jeep SUVs and Ram pickup trucks on Thursday said its revenues increased 12% year-over-year in the first three months of 2022 even as shipments dropped by the same percentage from lost production resulting from parts shortages.

Asharq Al-Awsat

Hyundai Leads Hybrid Cars Market in First Quarter of 2022

Hyundai Motor has maintained its position as the world's leader of hydrogen fuel cell vehicle market in the first quarter of 2022. South Korea's top automaker sold a total of 1,710 hydrogen cars so far in 2022, down 5.4 percent from the same period last year.

Tribune News Service

Stellantis' Free2move acquires car-sharing service ShareNow from BMW, Mercedes

The car-sharing mobility startup within the maker of Jeep will more than double in size, adding 14 European cities mostly in Germany to its service territory with the acquisition of ShareNow from the BMW and Mercedes-Benz groups, the company announced Tuesday.

Tribune News Service

Stellantis' $2.8 billion investment secures future for Brampton, Windsor plants

The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America.

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InsideEVs

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

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…

Tribune News Service

Dallas-based Santander Consumer USA extends partnership with maker of Jeep, Ram, Chrysler

Dallas-based Santander Consumer USA Inc., one of the nation’s biggest subprime auto lenders, will remain the preferred provider through 2025 of loans and leases to buyers and dealers of Jeep, Ram, Fiat, Chrysler, Dodge, Maserati and other brands of automaker Stellantis.

Motor1

Stellantis Investing $2.8 Billion In Canadian Plants For EV Future

Some of the money will go towards creating Stellantis' first battery lab in North America.

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…

InsideEVs

Stellantis Highlights Acceleration Of Low Emission Vehicle Sales In Europe

Stellantis, one of the world's largest automotive groups, announced that a little more than a year after its birth, it accelerates its Low Emission Vehicle sales.

Motorsport

Why F1 is such a good deal for Alfa Romeo

As the Volkswagen Group finalises its plans to join the Formula 1 grid in 2026, its bosses could be forgiven for casting an envious eye on rivals Alfa Romeo.

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