Stellantis (STLA) agrees to acquire 33.3% of Symbio

Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules

American automaker, Ford (NYSE: F) on Wednesday called for the post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric.

"Ford is calling for current trade requirements to be extended to 2027, to allow time for the battery supply chain to... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Canada increases subsidy support for Stellantis (STLA) battery plant in effort to resolve construction stalemate

Canadas Industry Minister, Francois-Philippe Champagne announced Tuesday that the country has increased its planned support to carmaker Stellantis (NASDAQ: STLA) in an effort to end a stalemate between the two entities and continue construction on a battery plant in Windsor, Ontario.

The automaker halted construction Monday due to a disagreement with the federal government regarding subsidies.

To break the "stalemate," it is important that Ontario "pay its fair share," Champagne told reporters at a news... More

Stellantis (STLA) to Acquire Equal Stake with Faurecia and Michelin in Symbio

Stellantis to Acquire Equal Stake with Faurecia and Michelin in Symbio, a Leader in Zero-emission Hydrogen Mobility

Faurecia, a company of the FORVIA group, Michelin and Stellantis (NYSE: STLA) announce today the signing of a binding agreement for Stellantis to acquire 33.3% stake in Symbio, a leader in zero-emission... More

Stellantis (STLA) halts plant construction in Windsor over subsidy disagreement

Stellantis (NYSE: STLA), on Monday, made an announcement stating that it has halted the construction of its electric vehicle battery manufacturing facility in Windsor, Canada. According to a company spokesperson, this decision was made due to a disagreement with the federal government regarding subsidies.

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said.

The move follows an agreement between... More

Strikes disrupt production at Stellantis (STLA) plant in southern Italy

Stellantis (NYSE: STLA), the parent company of Dodge, Chrysler, Alfa Romeo and others, has experienced a slow in production at its plant in southern Italy the past few days due to strikes by employees protesting over working conditions, the FIOM union said on Friday.

The automaker assembles the recently launched Alfa Romeo Tonale SUV, production of which is ramping up, and the Fiat Panda small car at the... More