Weekly Report (April 7- 13, 2023) on the First Tranche of Stellantis Share Buyback Program
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U.S. Supreme Court declines bid by GM to take up dismissed case against Fiat Chrysler
April 17, 2023 2:24 PM EDTThe U.S. Supreme Court on Monday declined to take up a dismissed racketeering case General Motors (NYSE: GM) brought against Fiat Chrysler Automobiles, now known as Stellantis (NYSE: STLA). The denial was included in a daily order list from the court on Monday.
The justices turned away an appeal by General Motors of a lower court's dismissal of its lawsuit that accused Fiat Chrysler of bribing employee union officials in a bid to undermine GM and pressure... More
U.S. treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits
April 17, 2023 1:52 PM EDTThe U.S. treasury announced Monday that automakers Volkswagen, BMW, Nissan, Rivian (NASDAQ: RIVN), Hyundai and Volvos electric vehicles will lose access to a $7,500 tax credit under the new rules for battery sourcing.
The Treasury also said the new requirements, which go into effective on Tuesday will cut credits for the Tesla Inc (NASDAQ: TSLA) Model 3 Standard Range Rear Wheel Drive by half to $3,750 but that other Tesla models will retain... More
Panasonic considers building EV battery plant in Oklahoma
April 17, 2023 1:27 PM EDTTesla (NASDAQ: TSLA) battery supplier, Panasonic said on Sunday that the Japanese company is considering building a battery plant in Oklahoma, its third in the United States.
Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility... More
Volkswagen to partner with Vale, Ford (F) and Huayou to build EV battery ecosystem in Indonesia
April 17, 2023 8:20 AM EDTIndonesian investment minister Bahlil Lahadalia announced Sunday that Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt.
Minister Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French... More
