Archer Aviation (NYSE: ACHR)* and Stellantis (NYSE: STLA)** said today in Le Bourget, France that their strategic manufacturing partnership is well underway on the world’s first high-volume eVTOL – electric vertical take-off and landing aircraft at a manufacturing facility located in Covington, Georgia outside of Atlanta. Stellantis increased its strategic shareholding of Archer through a series of purchases of Archer stock in the open market on 19 June 2023. (AutoInformed: Paris Air Show – Stellantis and Archer to Debut eVTOL Aircraft)
Stellantis previously said it will provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024, subject to achievement of certain business milestones which Archer predicted will occur during 2023. If AutoInformed’s math is right, manufacturing aircraft at the forecast volumes would make Covington the world’s leading aircraft manufacturing facility. Continue reading










Team Rubicon Disaster Relief Program Announced
Click for more.
Ford Motor Company, the Ford Fund and Team Rubicon today announced a new disaster relief initiative, called Team Rubicon Powered by Ford, As the rate of floods, tornadoes, hurricanes and wildfires continue to increase, Ford and its philanthropic arm are investing in a new endeavor to increase Ford’s support of disaster relief work.
It’s a timely announcement as there are clearly a growing number of communities across the United States that are impacted by hurricanes, tornadoes, earthquakes and wildfires – clear evidence of the pernicious effects of Global Warming from the use of fossil fuels, which Ford Motor and the rest of the entire industry are now addressing with awakened products. Continue reading →