Latest in Dodge maker Stellantis and China's CATL team up to build $4.3 billion EV battery plant in Spain
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Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says
Stellantis will extend the stoppage of car production at its Italian Mirafiori plant by a further two weeks, until Jan. 20, the head of the FIOM-Cgil trade union at the site said on Thursday. ...Yahoo Sports - 33m -
FirstFT: Qatar’s sovereign fund plans to deploy cash ‘aggressively’
Also in today’s newsletter, Microsoft poaches Google DeepMind staff, and court blocks The Onion’s purchase of InfowarsFinancial Times - 20h -
Adani drops US financing for strategic Sri Lanka port
Conglomerate pulls out of $500mn loan deal as it wrestles with bribery allegationsFinancial Times - 1d -
China's CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain
Chinese electric battery company CATL and automaker Stellantis say they will build a major battery factory in northern SpainABC News - 1d -
Ford’s cutting jobs in Germany. Scholz wants Europe to step in.
German chancellor Olaf Scholz called for subsidies for battery makers to protect jobs and drive the transition towards “electromobility”MarketWatch - 1d -
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Dodge maker Stellantis and China's CATL team up to build $4.3 billion EV battery plant in Spain
Stellantis and CATL have announced plans to jointly build a 4.1 billion euro ($4.3 billion) lithium iron phosphate battery plant in Spain.CNBC - 1d -
Stellantis, CATL to Invest $4.3 Billion in Battery Plant in Spain
The companies said production is planned to start by end of 2026 and the plant could reach 50 gigawatt hours of capacity.The Wall Street Journal - 1d -
Toyota vows to move ahead with $13.9bn battery plant in North Carolina
Trump’s criticism of EV incentives casts a cloud over largest US investment in clean tech by any foreign automakerFinancial Times - 1d -
China’s CATL to build $4.3bn battery factory with Stellantis in European expansion
Deal for Spanish plant comes despite EU efforts to reduce reliance on Chinese technologyFinancial Times - 1d -
China Evergrande liquidators put founder’s private jet up for sale
Airbus plane was one of several markers of wealth amassed by Hui Ka Yan during now-collapsed developer’s boom yearsFinancial Times - 2d -
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO's exit
DETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned.NBC News - 2d -
EV batteries may last much longer than expected: Study
The shelf-life of electric vehicle (EV) batteries may be as much as 40 percent greater than previously assumed, a new study has found. Stanford University scientists uncovered this possibility by ...The Hill - 2d -
Stellantis Shakes Up North American Executive Ranks
The moves mark the automaker’s most visible shake-up under an interim management committee headed by Chairman John Elkann.The Wall Street Journal - 2d -
We're building up our position in this asset manager that's been on a buying spree
Its recent deals should help fetch the company a higher valuation in the market.CNBC - 2d -
Ex-Sabres Star Heating Up With New Team
After a slow start to the season, this former Sabres forward is starting to bounce back.Yahoo Sports - 2d -
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO's exit
Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned.CNBC - 2d -
Chargers takeaways: Justin Herbert dodges a bullet, team still can't finish off Chiefs
Takeaways after the Chargers once again falter against the Chiefs, including the wide receivers stepping up in Ladd McConkey's absence on Sunday night.Yahoo Sports - 2d -
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Kevin O'Connell: Vikings are systematically building up Daniel Jones
Former Giants quarterback Daniel Jones is still getting his feet week on the Vikings' practice squad.Yahoo Sports - 5d -
Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs
Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's electric vehicle tariff scheme. The ...Yahoo Sports - Dec. 5 -
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
Facebook’s parent company Meta says it will build a $10 billion artificial intelligence data center in northeast LouisianaABC News - Dec. 4 -
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
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GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
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Tesla's China Sales Fall as Competition Heats Up
The U.S. electric-vehicle maker’s China-made car sales fell 4.3% in November.The Wall Street Journal - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Chip war ramps up with new US semiconductor restrictions on China
Biden administration broadens limits on Chinese access to advanced microchip technology, with Donald Trump expected to go even further . The US has announced new export restrictions targeting ...The Guardian - Dec. 3 -
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.CNBC - Dec. 2 -
G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.The New York Times - Dec. 2
