Category: OEMs

@Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180

AMSTERDAM – Stellantis N.V. announced today that FCA Italy S.p.A., a wholly owned subsidiary, and Stellantis’ other Italian subsidiaries, have repaid the €6.3 billion credit facility to Intesa Sanpaolo.The credit facility, entered into in June 2020, was structured to support the restart and transformation of Italy’s automotive sector after the COVID-19 outbreak by providing liquidity… Continue reading @Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180

@Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179

Dongfeng Peugeot Citroën Automobile achieved turnaround, selling more than 100,000 vehicles  Jeep® Wrangler reached historic record in annual sales and Jeep Brand ranked No. 1 in vehicle quality and dependability  Significant advancement in independent aftermarket business AMSTERDAM – In 2021, Stellantis strengthened its business position in China laying a solid foundation for the Company’s long-term… Continue reading @Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179

@niche: Lucid stock falls after rival Tesla warns about supply chain001603

Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges.  Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints. … Continue reading @niche: Lucid stock falls after rival Tesla warns about supply chain001603

‘We Wanna Lead In EVs’: GM CEO Mary Barra Speaks On Investments In Electric Vehicles – CBS Detroit

(CBS Detroit) — General Motors announced plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. In an exclusive interview, CEO Mary Barra discussed the future as well as its setbacks. READ MORE: Tesla Posts Record Profit, Won’t Produce New Models In… Continue reading ‘We Wanna Lead In EVs’: GM CEO Mary Barra Speaks On Investments In Electric Vehicles – CBS Detroit

GM, Ford asked by Biden to help support stalled Build Back Better bill – Automotive News

WASHINGTON — President Joe Biden on Wednesday sought to revive his stalled economic plan, Build Back Better, hosting corporate executives at the White House who support the legislation. “A lot of folks refer to this as just social spending,” Biden said at the event. “I see it this way: The Build Back Better plan lowers… Continue reading GM, Ford asked by Biden to help support stalled Build Back Better bill – Automotive News

@Honda: Production, Sales and Export Results for December, 2021

Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of December 2021. World Production 　 December 2021 YOY Jan.- Dec.2021 YOY Japan 66,411  108.0% 615,587 84.4% Outside of Japan 308,666  84.2% 3,520,431 95.9% Total 375,077 87.6% 4,136,018 94.0% Production in Main Regions North America 90,723 … Continue reading @Honda: Production, Sales and Export Results for December, 2021

@Ford: Ford Adds Money-Back Guarantee to Used-Vehicle Marketplace, Enhancing Customer Experience, Increasing Peace of Mind

Ford Blue Advantage, powered by industry leader Autotrader, lets customers search a wide selection of Ford and non-Ford products to find their ideal used vehicle through a personalized shopping experience that includes a search-by-vehicle option and preference for home delivery, at-home test drive and video walkaround New 14-day/1,000-mile money-back guarantee is the best offered by… Continue reading @Ford: Ford Adds Money-Back Guarantee to Used-Vehicle Marketplace, Enhancing Customer Experience, Increasing Peace of Mind

@GM: GM Investing Nearly $154 Million in Western New York for Production of Electric Motor Components

GM Investing Nearly $154 Million in Western New York for Production of Electric Motor Components 2022-01-21 Electric motor stator module built at GM Lockport Components plant will help power future Ultium Platform-based electric truck and SUV products Investment another example of GM bringing U.S. workforce along on journey to all-electric future LOCKPORT, N.Y. – General… Continue reading @GM: GM Investing Nearly $154 Million in Western New York for Production of Electric Motor Components