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Ontario boosts financial support for Stellantis (STLA) to resume battery plant

May 19, 2023 1:42 PM EDT

On Friday, Premier Doug Ford of Ontario announced that his government would increase its financial support to help Stellantis (NYSE: STLA)) resume construction of its battery plant in Canada.

Stellantis on Monday halted construction at its $3.7 billion electric-vehicle battery plant in Canada, which is being built in partnership with South... More

U.S. administration announces $51M investment towards EV charging network

May 19, 2023 11:12 AM EDT

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

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

May 17, 2023 10:29 AM EDT

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

May 17, 2023 9:59 AM EDT

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

May 17, 2023 9:59 AM EDT

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