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Stellantis (NYSE: STLA) late yesterday announced plans to invest $13 billion during the next four years to increase its sales in the critical United States market and to expand its domestic manufacturing footprint. Part of this are required updates to aging vehicles to stay competitive and defend market share and adhere to the UAW contract. Some was previously planned and announced for other vehicles – notably EVs but is now being redirected to internal combustion engine products because of the relaxation of environmental rules and the elimination of EV buying incentives, and CAFE fines or fees on vehicles that inordinately pollute the air causing dire human health problems by the Environmental Pillage Agency, aka EPA, under the Trump – “Global warming is a Chinese hoax” administration or reign. (Read AutoInformed.com on: Environmental Pillage Agency attacks California)*
“This investment in the U.S. – the single largest in the Company’s history – will drive our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,” said Antonio Filosa, Stellantis CEO and North America COO. “As we begin our next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offerings and giving them the freedom to choose the products they want and love.” (Investments detailed in this release are subject to the successful negotiation and final approval of development packages with appropriate state and local governments. In short, taxpayer subsidies. – AutoCrat) Continue reading
UAW Endorses Graham Platner for U.S. Senate in Maine
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The United Auto Workers* said today that it has endorsed Graham Platner who is running in the Democratic primary for the 2026 United States Senate election in Maine. The UAW represents ~2000 workers in Maine, including marine draftsmen at Bath Iron Works, non-profit employees, workers at the Portland Museum of Art, and graduate employees across the University of Maine System.
“Inequality is out of control in our country. Today, the top 1% have more wealth than the bottom 95% of humanity combined. Graham understands this, and at a time when too many politicians take their cues from billionaires and corporate lobbyists, he has chosen to stand with the working class,” said UAW President Shawn Fain. Continue reading →