Stellantis (NYSE: STLA) in Amsterdam today announced it is investing more than $406 million in three Michigan facilities to support its multi-energy strategy.* It confirmed that the Sterling Heights Assembly Plant (SHAP) will be the Company’s first U.S. plant to build a fully electric vehicle. The Ram 1500 REV electric light-duty pickup truck (BEV) will launch in late 2024. The range-extended all-new 2025 Ram 1500 Ramcharger will be built alongside internal combustion engine (ICE) models in Sterling Heights. Additional investments will be made to retool the Warren Truck Assembly Plant for production of a future electrified Jeep® Wagoneer, and the Dundee Engine Plant for battery tray production and beam machining for the STLA Frame architecture and STLA Large batteries.
“Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement,” said Stellantis CEO Carlos Tavares. “Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. With these investments supporting both Jeep and Ram, we’re adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand.”** Continue reading







Strange Clean Energy Bedfellows – GM and Hyundai
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General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) said today that they have signed an agreement to explore collaboration across key strategic areas. The culturally different companies will look at joint product development, manufacturing and future clean energy technologies. They will also review prospects for combined sourcing in battery raw materials, steel and other areas. This calls into question is GM’s existing similar agreements with Honda Motor.*
“GM and Hyundai have complementary strengths and talented teams. Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,” said GM Chair and CEO Mary Barra. Continue reading →