Click for more information.
Stellantis (NYSE: STLA) and Archer Aviation (NYSE: ACHR) said today that they will host the European debut of Midnight electric vertical take-off and landing (eVTOL) Aircraft at 2023 Paris Air Show. On display in Hall 5 at Le Bourget Airport during the 54th edition of the Paris Air Show starting 19 June 2023. (AutoInformed:Stellantis to Make Archer Electric Airplanes)
Archer’s Midnight aircraft will be the featured eVTOL aircraft at the Paris Air Show, positioned in the center of the Air Mobility event, which is located in Hall 5 at Le Bourget Airport. Devoted to the latest innovations and emerging technologies in eVTOL, the Paris Air Show’s Air Mobility event will bring together key participants of the emerging sector with three days of discussions on the maturation of advanced air mobility and its impact on the future of aerospace.
Click for more information.
Midnight is claimed to be safe, sustainable, quiet with an expected payload of more than 1000 pounds. It can carry four passengers plus a pilot. With a range of 100 miles, Midnight is meant for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between. All this of course is dependent on The Federal Aviation Administration issuing a type certificate and approving other air worthiness requirements including pilot training, flight procedures and operating limitations. The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer.
This partnership in the eVTOL aircraft industry between Archer* and Stellantis** will leverage each company’s respective strengths and competencies to bring the Midnight aircraft to market at scale, the disparate companie claim. To complement Archer’s team of eVTOL aircraft, electric powertrain and certification experts, Stellantis is contributing advanced manufacturing technology and expertise, experienced personnel and capital to the partnership. The combination is intended to enable the rapid scaling of aircraft production to meet Archer’s commercialization plans, while allowing Archer to strengthen its path to commercialization by helping it avoid hundreds of millions of dollars of spending during the manufacturing ramp up phase.
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 expects to occur in 2023.
Inevitable Stock Exchange Footnotes
* Forward looking statements regarding Archer’s future business plans and product roadmaps, including statements regarding the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this release. Archer undertakes no obligation to update these statements as a result of new information or future events.
** Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Paris Air Show – Stellantis and Archer to Debut eVTOL Aircraft
Click for more information.
Stellantis (NYSE: STLA) and Archer Aviation (NYSE: ACHR) said today that they will host the European debut of Midnight electric vertical take-off and landing (eVTOL) Aircraft at 2023 Paris Air Show. On display in Hall 5 at Le Bourget Airport during the 54th edition of the Paris Air Show starting 19 June 2023. (AutoInformed:Stellantis to Make Archer Electric Airplanes)
Archer’s Midnight aircraft will be the featured eVTOL aircraft at the Paris Air Show, positioned in the center of the Air Mobility event, which is located in Hall 5 at Le Bourget Airport. Devoted to the latest innovations and emerging technologies in eVTOL, the Paris Air Show’s Air Mobility event will bring together key participants of the emerging sector with three days of discussions on the maturation of advanced air mobility and its impact on the future of aerospace.
Click for more information.
Midnight is claimed to be safe, sustainable, quiet with an expected payload of more than 1000 pounds. It can carry four passengers plus a pilot. With a range of 100 miles, Midnight is meant for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between. All this of course is dependent on The Federal Aviation Administration issuing a type certificate and approving other air worthiness requirements including pilot training, flight procedures and operating limitations. The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer.
This partnership in the eVTOL aircraft industry between Archer* and Stellantis** will leverage each company’s respective strengths and competencies to bring the Midnight aircraft to market at scale, the disparate companie claim. To complement Archer’s team of eVTOL aircraft, electric powertrain and certification experts, Stellantis is contributing advanced manufacturing technology and expertise, experienced personnel and capital to the partnership. The combination is intended to enable the rapid scaling of aircraft production to meet Archer’s commercialization plans, while allowing Archer to strengthen its path to commercialization by helping it avoid hundreds of millions of dollars of spending during the manufacturing ramp up phase.
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 expects to occur in 2023.
Inevitable Stock Exchange Footnotes
* Forward looking statements regarding Archer’s future business plans and product roadmaps, including statements regarding the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this release. Archer undertakes no obligation to update these statements as a result of new information or future events.
** Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.