Stellantis Announces Cancellation of CES® 2024 Plans
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Stellantis (STLA) and Dongfeng to expand Chinese auto exports through asset transfer deal
October 19, 2023 2:53 PM EDTChina's Dongfeng Motor Group and Chrysler-parent Stellantis (NYSE: STLA) announced plans Thursday to boost their vehicle and component export operations through an asset sale, aiming to capitalize on the growing Chinese automotive sector.
In line with the asset transfer agreement, Dongfeng, a state-owned enterprise, will acquire land use-rights and buildings in... More
British minister ‘optimistic’ on finding solution to EV tariffs
October 18, 2023 3:37 PM EDTOn Wednesday, British Business Secretary Kemi Badenoch expressed strong confidence in finding a resolution for automakers to circumvent imminent tariffs on the trade of electric vehicles (EVs) with the European Union, stating that she was very optimistic about the prospects.
"We're regularly raising this with EU counterparts, and it is just simply the nature of trade negotiations and trade policy," said Badenoch during an even... More
