By Reuters Staff 2 Min Read FILE PHOTO: A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel Becerril (Reuters) – General Motors Co is looking to build a second battery factory in the United States with South Korean joint-venture partner LG Chem Ltd, the… Continue reading GM in talks to build second U.S. battery plant with LG Chem in Tennessee
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GM looking to build second battery plant in U.S.: WSJ
By Reuters Staff 2 Min Read FILE PHOTO: A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel Becerril (Reuters) – General Motors Co is looking to build a second battery factory in the United States with South Korean joint-venture partner LG Chem Ltd, the… Continue reading GM looking to build second battery plant in U.S.: WSJ
Stellantis CEO does not rule out M&A operations: paper
By Reuters Staff 2 Min Read FILE PHOTO: Carlos Tavares, when Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo ROME (Reuters) – The chief executive… Continue reading Stellantis CEO does not rule out M&A operations: paper
Stellantis does not rule out M&A operations but now focusing on itself: CEO
By Reuters Staff 1 Min Read FILE PHOTO: Carlos Tavares, when Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo ROME (Reuters) – Stellantis Chief Executive… Continue reading Stellantis does not rule out M&A operations but now focusing on itself: CEO
Volkswagen considering entry to more sustainable F1 – BBC
By Reuters Staff 2 Min Read LONDON (Reuters) – Porsche and the Volkswagen Group would consider entering Formula One if the next engine regulations due to be introduced in 2025 promote sustainable fuels, the BBC reported on Wednesday. Slideshow ( 2 images ) The broadcaster quoted Porsche Motorsport vice-president Fritz Enzinger as saying it would… Continue reading Volkswagen considering entry to more sustainable F1 – BBC
GM extends production cuts due to chip shortage, Stellantis warns of lingering pain
By Ben Klayman, Nick Carey 4 Min Read DETROIT/LONDON (Reuters) – The global semiconductor chip shortage led General Motors Co on Wednesday to extend production cuts at three North American plants and add a fourth to the list of factories hit, and Stellantis to warn the pain could linger far into the year. Slideshow (… Continue reading GM extends production cuts due to chip shortage, Stellantis warns of lingering pain
Volkswagen CEO tweets, Musk-style, on market-cap milestone
By Thyagaraju Adinarayan, Christoph Steitz 2 Min Read LONDON/FRANKFURT (Reuters) – When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it. FILE PHOTO: An employee fixes a VW sign… Continue reading Volkswagen CEO tweets, Musk-style, on market-cap milestone
GM extends vehicle production cuts due to semiconductor chip shortage
By Ben Klayman 4 Min Read DETROIT (Reuters) – General Motors Co said on Wednesday it was further extending production cuts at three North American plants and adding a fourth to the list of factories hit by the global semiconductor chip shortage. Slideshow ( 2 images ) The extended cuts do not change GM’s forecast… Continue reading GM extends vehicle production cuts due to semiconductor chip shortage
Stellantis sees rebound in 2021, but chip shortage a worry
MILAN (Reuters) – Low global car inventories and cost cuts should boost Stellantis’s profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday. FILE PHOTO: The logo of Stellantis is seen at the main entrance of the FCA Mirafiori plant in… Continue reading Stellantis sees rebound in 2021, but chip shortage a worry
Stellantis aims to lift Fiat Chrysler margins towards PSA levels
By Giulio Piovaccari 2 Min Read MILAN (Reuters) – Carmaker Stellantis, created by the merger of Peugeot-maker PSA and Fiat Chrysler (FCA), aims to lift profit margins this year towards the levels attained by its Chief Executive Carlos Tavares at PSA. Slideshow ( 2 images ) With 14 brands under one roof, including Fiat, Peugeot,… Continue reading Stellantis aims to lift Fiat Chrysler margins towards PSA levels