Stellantis

Carmaker Stellantis will again stop operations at its key Melfi plant in southern Italy next week, a union representative said on Wednesday, citing shortages of various parts, including semiconductors. Marco Lomio, local head of UILM metalworkers union, said chip shortage was the main problem. "Fortunately the plant has worked regularly all throughout May, but when chips are not shipped we simply cannot build cars," he said after a meeting between the company and local workers' representatives. Stellantis confirmed the…

General Motors plans to convert Buick’s vehicle lineup to all-electric in North America by the end of the decade, targeting a fresh start for the 119-year-old brand.GM said Wednesday that the planned introduction of a new electric sport-utility vehicle in 2024 would mark the beginning of Buick’s conversion to an all-EV portfolio. The company declined to offer details of that model, which would be Buick’s first fully electric vehicle sold in the U.S. General Motorsplans to convert Buick’s vehicle lineup to all-electric…

Stellantis and Toyota have announced a new agreement on large-size commercial vans for the European market. Stellantis and Toyota Motor Europe (TME) have announced the expansion of their existing partnership with an agreement for a new large-size commercial van, including a battery electric version. The new vehicle marks the third body type under the agreement, completing a full LCV line-up, with compact-, mid- and now also…

Stellantis, the parent company of Jeep, Chrysler, and Dodge, has agreed to plead guilty to criminal conduct and pay $300 million to settle a probe into its effort to illegally conceal the amount of pollution created by its diesel engine vehicles, Reuters reports. The guilty plea will settle a years-long probe by the US Department of Justice into the automaker’s efforts to evade emissions requirements for more than 100,000 older Ram pickup trucks and Jeep SUVs available in the US. The plea deal is expected to be…

South Korean Samsung SDI has now confirmed plans to build a US$2.5bn plant to manufacture electric vehicle (EV) battery cells and modules in Kokomo in the US state of Indiana in a joint venture with Stellantis, as Just Auto first reported yesterday before the official confirmation. The announcement was made at an event attended by Indiana governor Eric Holcomb, Kokomo mayor Tyler Moore, Samsung SDI president and CEO Yoonho…

A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America. The venture announced plans to spend more than $2.5 billion on the plant in Kokomo that will supply electric battery modules for a range of vehicles produced at Stellantis North American assembly plants. Construction of the plant is expected to start later this year, with the facility expected to open in early 2025…

Auto maker Stellantis NV and Samsung SDI Ltd. said Tuesday that they would build a new battery plant in Indiana to support the Jeep and Ram manufacturer’s electric-vehicle production plans.The $2.5 billion plant is expected to break ground later this year and open in the first quarter of 2025, they said. Auto maker Stellantis NV and Samsung SDILtd. said Tuesday that they would build a new battery plant in Indiana to support the Jeep and Ram manufacturer’s electric-vehicle production plans.The $2.5 billion plant is…

Kokomo, Indiana, may not be the location the Beach Boys were singing about, but its definitely the current tune of both Stellantis and Samsung SDI, as the two announced a joint venture to build a US EV battery plant there. Together, the global automaker and battery manufacturer will invest over $2.5 billion to bring a slew of new EV jobs to Kokomo and its surrounding areas. Stellantis ($STLA) exists as the latest resurrection of Fiat Chrysler Automobiles (FCA), following a merger with Peugeot S.A. that was…

Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersStellantis CEO Carlos Tavares said he expects shortages of the batteries and raw materials needed to make electric vehicles in the coming years, as the global automotive industry pivots to EVs to meet an expected increase in consumer demand and government regulations.Tavares said he expects a shortage of EV batteries by 2024-2025, followed by a lack of raw materials for the vehicles that…

Last updated: May 24th, 2022 at 20:10 UTC+02:00 Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. Its clients for EV batteries include the likes of Hyundai and Rivian. Last year, the company announced a joint venture with Stellantis to make batteries for electric cars across its various brands. Stellantis owns some of the world’s leading car brands, including but not limited to Maserati, Fiat, Jeep, Dodge, Chrysler, and Citroen. The companies are investing…