The world’s fifth-largest automaker Stellantis—manufacturer of 14 makes, including Jeep, Maserati, and Chrysler—will become the second-largest shareholder of Australian lithium miner Vulcan Energy Resources. To fuel its ongoing electric vehicle sales, the carmaker will pay $76 million (US$52.45 million) to acquire an eight percent stake in Vulcan. The move comes as electric automakers explore ways…
Automotive Giant Stellantis Buys Stake in Aussie Miner as Lithium Costs Skyrocket
June 24, 2022
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Stellantis, Controlled Thermal in Lithium Hydroxide Deal
June 3, 2022
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Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America. CTR will supply Stellantis, the company that combined PSA Peugeot and Fiat Chrysler, with up to 25,000 metric tons per year of lithium hydroxide over the 10-year term of the agreement. CTR…
Stellantis and Toyota to Expand Partnership With Large Commercial Van
Stellantis said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version. Stellantis will supply TME, a unit of Japan’s Toyota Motor Corp, with the new vehicle for sale in Europe under the Toyota brand, it said. The van will be produced at…
Feds, Ontario Invest $1B to Retool Stellantis Plants to Make Electric Vehicles
Canada and Ontario are jointly investing more than $1 billion to help Stellantis retool its Canadian auto plants to make electric vehicles. Stellantis, the new company created a year ago by the merger of Fiat Chrysler and France’s Group PSA, is investing another $2.4 billion to its electrification projects. They include creating flexible assembly lines…
Stellantis Suspends Vehicle Production in Russia
MILAN—Carmaker Stellantis said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, which produced and sold the Peugeot, Citroёn, Opel, Jeep, and Fiat brands in Russia, has just 1 percent of the country’s car market. It runs a van-making plant in…
2022 Grand Wagoneer Obsidian 4X4
Originally introduced in 1984 and discontinued in 1991, the Grand Wagoneer had been brought back in 2021 for the 2022 model year. This beautiful SUV is built in Warren, Michigan. The 2022 Grand Wagoneer is powered by a 6.4-liter engine mated to an 8-speed automatic transmission with Electronic Range Select (ERS). This brute powertrain produces…
Stellantis Fires up EV Rivalry With Tesla
Stellantis NV., Mercedes-Benz Group AG., and TotalEnergies SE. 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 for over 2.5 million vehicles per…
Stellantis CEO Looks to Catch up With Tesla in Coming Years
Stellantis NV CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc in the coming years, Reuters reports from Mobility TV World session. He sees the competition benefitting the consumers. Also Read: Stellantis CEO Says Company Being ‘Forced’ To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North Americ Tavares sought for investment…
Stellantis Divulges Its EV Ambitions
Stellantis NV. looks to double revenue to €300 billion ($335 billion) a year by 2030 and keep profit margins high as it steps up efforts to roll out electric versions of its cars, profitable Jeep SUVs, and RAM pickup trucks. Stellantis aims to forge a deal with the Italian government on a battery plant after Rome pledged…
Stellantis Recalling Nearly 20,000 Plug-In Minivans for Fire Risks
WASHINGTON—Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall covers 2017–2018 Chrysler Pacifica Hybrid vehicles. All were parked and turned off, while eight were connected to chargers. Stellantis said it was unaware of any related…
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