Ontario is offering more money in a bid to keep automaker Stellantis from pulling out of building an electric vehicle battery plant in Windsor, Ont., Premier Doug Ford said Friday. Stellantis and LG Energy Solution announced last year that they were building the $5-billion plant, but have in recent days stopped construction and warned they…
Stellantis Recalls 219,000 Jeep SUVs Over Fire Risks
WASHINGTON—Chrysler-parent Stellantis said on Tuesday it is recalling 219,000 Jeep Cherokee SUVs worldwide for fire risks and warned owners to park outside until repairs are made. The recall covers 2014 through 2016 model year Jeep Cherokee vehicles equipped with a power liftgate. An electrical short in the power liftgate module may lead to a vehicle…
Ford ‘Disappointed’ in Feds’ Handling of Rocky Stellantis Deal for EV Battery Plant
Ontario Premier Doug Ford says he doesn’t know what the federal government means as it calls for the province to pay its “fair share” in a deal with automaker Stellantis that appears to be in jeopardy. Ford says the province and federal government are working hard to ensure Stellantis doesn’t pull out of jointly building…
Stellantis to Offer Buyouts Amid Electric Vehicle Transition
DETROIT—Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles. Stellantis on Wednesday said it’s offering buyouts to groups of white-collar and unionized employees in the U.S., as well as hourly workers in Canada. The cuts are “in response…
Stellantis to Invest $155 Million in US to Produce New Electric Drive Modules
MILAN—Stellantis said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in electric vehicles which the carmaker will assemble in North America. Production is expected to start in the third quarter of 2024, following retooling, the…
Stellantis, Unions Agree 2,000 Voluntary Job Cuts in Italy This Year
MILAN—Stellantis and unions signed an agreement to cut up to 2,000 workers from the carmaker’s Italian operations this year through voluntary redundancies, workers’ representatives said on Monday. The redundancies amount to more than 4 percent of Stellantis’ current workforce in Italy of around 47,000 people, FIM, UILM, Fismic, Uglm, and Aqcfr unions said in a…
Dodge Maker Stellantis Posts Record Profit, Announces $4.5 Billion Payout to Shareholders
Car manufacturer Stellantis announced its full-year results on Wednesday, revealing that net profit rose 26 percent to $17.9 billion, the company’s highest annual profit on record. Stellantis disclosed the record-beating results in a Feb. 22 release, which attributed its financial performance partly on its ability to pass on higher manufacturing costs to customers in a…
Park Outside: Stellantis Recalls Ram Trucks Due to Fire Risk
DETROIT—Stellantis is telling the owners of nearly 341,000 Ram diesel trucks to park them outdoors because an electrical connector can overheat and cause a fire. The company said Wednesday it’s recalling the trucks to replace the connectors after getting reports of six potentially related fires. In one case, the owner reported that a fire started…
Automaker Giant Stellantis Signs $30 Million Agreement With Australian Manganese Manufacturer
January 11, 2023
admin
AustraliaautomakersBusiness & MarketsCompanieseconomyelectric vehicle batteriesElectric VehiclesenergyEuropeInflation Reduction ActmanganeseStellantisUSUS NewsWorld
0 Comment
One of the world’s leading automakers, Stellantis, has announced a binding $30 million offtake agreement with the Western Australian manganese manufacturer, Element 25, on Jan. 9, 2023. The agreement secures for the company 45 kilotons (around four Eiffel Towers) of battery grade, high purity, manganese sulphate monohydrate (HPMSM) from Element 25 to Stellantis over five years,…
Carmakers Considering Cutting Ties With China Due to Persistent Supply-Chain Issues, Political Tensions
December 27, 2022
admin
automakersBusiness & MarketsChinaChina Business & Economychina supply chainCompaniesdependence on ChinaeconomyMade in ChinaMarketsStellantiszero covid restrictions
0 Comment
After setting up shop in China to take advantage of its cheap, massive labor force, multiple carmakers are now planning to cut off ties with the Asian nation after concerns about supply chains arising from geopolitical tensions and COVID-19 disruptions. The decision by the automakers is driven by two factors. The first is worries about…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`