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US to loan $7.54B to Stellantis joint venture
US to loan $7.54B to Stellantis joint venture for 2 EV battery plants
The US DOE says it will loan up to $7.54 billion to a Stellantis and Samsung SDI joint venture to help build two EV battery plants in Indiana.
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
This time, a joint venture between
Stellantis
and Samsung SDI will receive $7.54 billion to build two
EV
battery plants in Kokomo, Indiana. The project is expected to create 3,200 jobs, as well as 2,800 operations jobs at the plants and hundreds more at a ...
U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant
DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.
2d
on MSN
Stellantis CEO Tavares quits: Why his EV bet sparked his departure
Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising ...
1d
on MSN
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
The auto industry is battling slowing EV demand, rising Chinese competition, and potential tariffs on Mexican imports.
9h
Exclusive: 'Radical' targets toppled Tavares at Stellantis, sources say
Targets deemed unrealistic or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares ...
Electrek
1d
This new EV sounds like a French perfume but offers a massive 460-mile range
French luxury brand DS is slowly releasing details on its sleek new all-electric model, the brand’s flagship EV, all bottled ...
CarExpert.com.au on MSN
2h
EV dispute led to Jeep, Ram parent company CEO’s exit – report
The CEO of the world's fourth largest carmaker reportedly called for an aggressive push for EVs and that lost him the support ...
Benzinga.com
2d
Stellantis' Market Value Halves In 2024: Why CEO Tavares' Exit Could Take Things From Bad To Worse
Stellantis
shares drop 47% year-to-date, slashing its market value amid plunging
EV
sales, inventory issues and ...
2d
Stellantis boss quits as Jeep, Maserati, Peugeot sales plunge
The world’s fourth-largest car maker, with brands like Fiat and Ram, has suffered a sharp decline in profits this year.
5d
Stellantis to Halt Production in Turin in December Due to Weak Demand for Fiat 500 EV
MILANO (Reuters) - Stellantis will halt again auto assembly operations at its Mirafiori plant in Italy, which makes the ...
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Samsung
Indiana
United States Department of Energy
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