Stellantis (STLA – Free Report) has entered into a binding agreement with Contemporary Amperex Technology Co. (CATL) to localize the supply of lithium iron phosphate (“LFP”) batteries and cells that power the automaker’s electricity. have entered into a Memorandum of Understanding (“MoU”). Production of motor vehicles (“EVs”) in Europe. To… Source: www.zacks.com
Detroit automakers Ford, General Motors and Stellantis placed last in two of the three categories of the North American Car, Truck and Utility Vehicle of the Year (NACTOY) award, the auto industry’s highest award. He was excluded from the candidate list. Ford and GM have confirmed all three finalists for 2024 Truck of the Year. Source: www.freep.com
Stellantis NV is offering buyout packages to 6,400 white-collar workers in the United States due to market conditions and the transition to electric vehicles. The offer was available to about half of the company’s 12,700 salaried employees, other than representatives of the United Auto Workers union. Source: www.detroitnews.com
Stellantis has launched its second generation of electric and hydrogen commercial vehicles for the Citroën, Fiat, Opel, Peugeot and Vauxhall brands. … Source: Car Scoops
The UAW has extended its ongoing strike to two large assembly plants that make some of General Motors’ and Stellantis’ most profitable vehicles. Workers have left the Arlington, Texas, plant that makes GM’s full-size SUVs, including the Chevrolet Tahoe, Suburban, GMC Yukon and Cadillac Escalade. This follows an escalation of strikes against Stellantis… Source: Car and Driver