Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules

Ontario boosts financial support for Stellantis (STLA) to resume battery plant

On Friday, Premier Doug Ford of Ontario announced that his government would increase its financial support to help Stellantis (NYSE: STLA)) resume construction of its battery plant in Canada.

Stellantis on Monday halted construction at its $3.7 billion electric-vehicle battery plant in Canada, which is being built in partnership with South... More

U.S. administration announces $51M investment towards EV charging network

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Canada increases subsidy support for Stellantis (STLA) battery plant in effort to resolve construction stalemate

Canadas Industry Minister, Francois-Philippe Champagne announced Tuesday that the country has increased its planned support to carmaker Stellantis (NASDAQ: STLA) in an effort to end a stalemate between the two entities and continue construction on a battery plant in Windsor, Ontario.

The automaker halted construction Monday due to a disagreement with the federal government regarding subsidies.

To break the "stalemate," it is important that Ontario "pay its fair share," Champagne told reporters at a news... More

Stellantis (STLA) agrees to acquire 33.3% of Symbio

Automaker, Stellantis (NASDAQ: STLA) on Tuesday, made an announcement regarding its partnership with Faurecia and Michelin. They have signed a binding agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent company specializing in zero-emission hydrogen mobility. Faurecia and Michelin will continue to be shareholders, each holding a 33.3% stake in Symbio.

This announcement marks a notable milestone in the efforts to decarbonize the mobility industry and showcases Symbio's exceptional expertise in hydrogen fuel cell advancements. With Stellantis coming on board as a shareholder, Symbio's growth will receive a substantial boost, both... More

Stellantis (STLA) to Acquire Equal Stake with Faurecia and Michelin in Symbio

Stellantis to Acquire Equal Stake with Faurecia and Michelin in Symbio, a Leader in Zero-emission Hydrogen Mobility

Faurecia, a company of the FORVIA group, Michelin and Stellantis (NYSE: STLA) announce today the signing of a binding agreement for Stellantis to acquire 33.3% stake in Symbio, a leader in zero-emission... More

Stellantis (STLA) halts plant construction in Windsor over subsidy disagreement

Stellantis (NYSE: STLA), on Monday, made an announcement stating that it has halted the construction of its electric vehicle battery manufacturing facility in Windsor, Canada. According to a company spokesperson, this decision was made due to a disagreement with the federal government regarding subsidies.

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said.

The move follows an agreement between... More

Newmont, Magellan Midstream, Ford and Meta rise premarket; ONEOK falls

Investing.com -- Stocks in focus in premarket trade on Monday, May 15th. Please refresh for updates.

Newmont Goldcorp (NYSE: NEM) stock rose 0.6% after Australian target Newcrest Mining (OTC: NCMGF) said it would back the U.S. gold... More

Ford (F) aims to reduce costs in China in attempt to boost business

Ford (NYSE: F) announced Monday that the American automaker is working to reduce costs in China as it strives to recover from a long sales slump in the world's largest auto market.

Our costs are not competitive, and we are working... More

Ford says it will reduce costs to boost China business

SHANGHAI/BEIJING (Reuters) - Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world's largest auto market.

Our costs are not competitive, and we are working internally and with our partners to reduce... More

Ford (F) PT Raised to $12.80 at Citi

Citi analyst Itay Michaeli raised the price target on Ford (NYSE: F) to $12.80 (from $12.50) while maintaining a Neutral rating.... More