Stellantis has announced it will be closing a Jeep Cherokee assembly plant in Illinois in February, laying off 1,350 workers.
Michael Lohscheller has been named president of Nikola Corp., charged with leading the electric truck maker’s global growth.
In addition to electric vehicle battery plants that are already in operation in the United States, 13 additional plants have been announced and are expected to be operational within the next 5 years.
After Amazon announced it would become the first customer for Stellantis’ ProMaster electric van, Rivian stock tumbled, dropping more than 20% at one point.
When electric vehicle maker Rivian makes its public debut, perhaps as early as next week, it could be at a valuation that rivals Ford’s.
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
A global semiconductor chip shortage continues to affect auo factories on both sides of the United States-Mexico border.
