Stellantis (STLA) to invest $155m in three Indiana plants

Stellantis to invest $155 million in U.S. to produce new electric drive modules

February 28, 2023 8:28 AM EST

MILAN (Reuters) - 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... More

Stellantis (STLA) to Invest $155M in Three Indiana Plants

February 28, 2023 7:37 AM EST

Company to localize production of new electric drive module (EDM) in KokomoEDM provides all-in-one solution for electric-vehicle powertrains, delivering improved performance at competitive costInvestments to be made at Indiana Transmission, Kokomo Transmission and Kokomo Casting plantsMore than 265 jobs retainedTotal investments in Indiana since 2020 to support electrification goals grow to nearly $3.3 billion, including gigafactory joint venture with Samsung SDIAnnouncement aligns with company's long-term strategy to reach 50% U.S. battery-electric vehicle sales by 2030, starting with the first fully electric Ram vehicles from 2023 and Jeep® from... More

Stellantis (STLA) Announces $155M Strategic Copper Investment in Argentina

February 27, 2023 12:19 PM EST

Stellantis Announces Strategic Copper Investment in Argentina, Reinforcing Commitment to Reaching Carbon Net Zero by 2038

$155 million investment in McEwen Copper helps Stellantis secure projected copper demand starting in 2027Stellantis becomes second largest shareholderSustainable copper mine, Los Azules project, to be located in... More

Stellantis, unions agree 2,000 voluntary job cuts in Italy this year

February 27, 2023 9:20 AM EST

MILAN (Reuters) -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% of Stellantis' current workforce in Italy of around 47,000 people, FIM, UILM, Fismic, Uglm and Aqcfr unions said in a joint statement.

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