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US to loan $7.54B to Stellantis joint venture
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.54 billion to build two EV battery plants in Kokomo, Indiana.
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.
US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants
The Department of Energy announced a $7.54 billion loan commitment to a Stellantis and Samsung SDI joint venture to build EV battery plants.
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 ...
CarExpert.com.au on MSN
1h
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 ...
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 ...
2d
on MSN
Stellantis' CEO Is Gone Ahead Of 'A Big Year' With A Huge List Of Problems
I think now-former Stellantis CEO Carlos Tavares was an interesting figure for just how unpopular he was. Sure, very few top ...
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.
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 ...
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.
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Samsung
Indiana
United States Department of Energy
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