Stellantis NV on Thursday announced a $229 million investment in three Kokomo, Indiana, plants in a move it said would help accelerate its electrification plans. The investment, which the transatlantic automaker said would retain 662 jobs, will fund the retooling of the three plants to produce electrified eight-speed transmissions. The next-generation transmissions can be used… Continue reading Stellantis to invest $229 million in three Indiana plants for electrified transmissions
Tag: FCA
@FCA: Stellantis Announces $229 Million Investment in Kokomo, Indiana, Operations to Accelerate Electrification Plans
October 7, 2021 , KOKOMO, Indiana – Stellantis today announced it would invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the U.S. by 2030. This announcement, which will retain 662 jobs, comes three months after the company… Continue reading @FCA: Stellantis Announces $229 Million Investment in Kokomo, Indiana, Operations to Accelerate Electrification Plans
German union criticizes Stellantis over use of furlough scheme at Opel plant
Union officials fear that Opel, which is bound by an agreement struck last year not to make any workers in Germany redundant until 2025, is placing Eisenach workers on furlough as a temporary fix that could evolve into a longer-term shutdown. Workers at Opel’s Eisenach plant, which was shut down last week until the end… Continue reading German union criticizes Stellantis over use of furlough scheme at Opel plant
@niche: Sono Motors Presents Light Electric Vehicle ARI Motors Prototype With Solar Integration at the Intersolar Exhibition001287
First Light Electric Vehicle Prototype From ARI Motors With Solar Integration Premieres at the Intersolar Exhibition From 6-8 October in Munich The Solar Integration on the Cargo Box of the Prototype Will Be Providing up to 450 Watts Peak, Enabling a Range Extension of 20 KM on Average per Day Another Premiere: Sono Motors Signs… Continue reading @niche: Sono Motors Presents Light Electric Vehicle ARI Motors Prototype With Solar Integration at the Intersolar Exhibition001287
@Ferrari: Ferrari N.V.: completion of the fourth tranche of the disclosed multi-year share repurchase program and announcement of the fifth tranche000161
Maranello (Italy), October 4, 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the fourth tranche of the common share buyback program announced on March 11, 2021 (“Fourth Tranche”), additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading @Ferrari: Ferrari N.V.: completion of the fourth tranche of the disclosed multi-year share repurchase program and announcement of the fifth tranche000161
Ferrari N.v.: Completion of the Fourth Tranche of the Disclosed Multi-Year Share Repurchase Program and Announcement of the Fifth Tranche
Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the fourth tranche of the common share buyback program announced on March 11, 2021 (“Fourth Tranche”), additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange (MTA) and on the New York… Continue reading Ferrari N.v.: Completion of the Fourth Tranche of the Disclosed Multi-Year Share Repurchase Program and Announcement of the Fifth Tranche
Zenvo to launch next supercar by 2023 – Autocar
Supercar maker Zenvo is working on a hybrid successor to its 1177bhp TSR-S that will arrive within the next two years and will be key to plans to dramatically grow its production output. The Danish company was founded in 2004, initially producing the 1089bhp ST1. Having built just 15 examples of that car between 2009 and 2016,… Continue reading Zenvo to launch next supercar by 2023 – Autocar
Foxconn secures first EV plant in U.S. with Lordstown deal
TAIPEI — Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase. The Taiwanese tech giant said on Friday morning it will take a roughly 4% stake in Lordstown for around… Continue reading Foxconn secures first EV plant in U.S. with Lordstown deal
@FCA: FCA Reports Q3 2021 U.S. Sales
October 1, 2021 , Auburn Hills, Mich. – FCA US LLC reported U.S. total sales for the quarter were 410,917 vehicles compared with 507,351 for the same period in 2020. Retail sales were 348,084 vehicles for the quarter. Fleet accounted for 15% of total sales. “While the various supply chain issues facing our industry continue to impact… Continue reading @FCA: FCA Reports Q3 2021 U.S. Sales
@FCA: FCA Canada Reports Q3 2021 Sales Results
October 1, 2021 , Windsor, Ontario – FCA Canada today reported third-quarter 2021 total sales of 35,717 vehicles, down from the prior year. For the calendar year, sales total 122,284 units. “Despite the ongoing global challenges facing our industry, new models from the Jeep® brand were standout performers this past quarter,” said David Buckingham, President and CEO,… Continue reading @FCA: FCA Canada Reports Q3 2021 Sales Results