DIRS.INFO The most relevant business & tech news

☆ Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. DETROIT — Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions. Stellantis on Friday said the layoffs would affect about 2% of employees in those units "after rigorous organizational reviews." Stellantis employed 11,800 U.S. salaried employees as of the end of last year. A source familiar with the actions confirmed it at about 400 workers, a number first reported Friday by The Wall Street Journal.

Persons: Stellantis, Carlos Tavares Organizations: FCA Headquarters, Technology Center, DETROIT, Wall Street, Fiat Chrysler, French, PSA Groupe Locations: Auburn Hills , Michigan, U.S

☆ Analysis: Taylor Swift would win any popularity contest against MAGA
▼ + stars: | 2024-02-18 | by ( Harry Enten | ) edition.cnn.com time to read: +12 min

Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Ethan Miller/Getty Images Swift performs onstage at the Staples Center in Los Angeles during her 1989 tour in 2015.

Persons: CNN — It’s, Donald Trump, Taylor Swift, Joe Biden’s, Swift, she’s, Trump, Oprah Winfrey, Michael Smerconish, Winfrey, Barack Obama, Obama, Hillary Clinton, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, Travis Kelce, Patrick Smith, propping, It’s, birther, There’s Organizations: CNN, Monmouth University, Marist College, Trump, Democratic, Biden, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Kansas City Chiefs, Chiefs, AFC, Super, Swift, Republicans, NFL, Republican Locations: America, Monmouth, Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta, United States, Hawaii

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

AUBURN HILLS, Mich. (AP) — Automaker Stellantis on Wednesday announced a recall of more than 32,000 of its hybrid Jeep Wrangler SUVs because they pose a potential fire risk. As part of what the company described as a routine review of customer information, Stellantis determined that eight of the hybrid Wranglers had caught fire while they were turned off and parked. The recall covers 2021-2024 models of the Jeep Wrangler 4xe SUVs. All other Wrangler models have been deemed safe by Stellantis, which maintains its U.S. headquarters in Auburn Hills, Michigan. Stellantis plans to contact the owners of the SUVs that need to be fixed.

Persons: Stellantis Organizations: AUBURN, Wednesday, Wranglers Locations: AUBURN HILLS, Mich, Auburn Hills , Michigan

☆ EV maker Rivian beats Q3 delivery estimates after raising production
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

A Rivian R1T electric truck is seen outside Munro & Associates headquarters in Auburn Hills, Michigan, U.S., June 3, 2022. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSAN FRANCISCO, Oct 2 (Reuters) - Electric-vehicle maker Rivian Automotive (RIVN.O) on Monday reported third-quarter deliveries above analysts' estimates, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles (SUVs). Rivian, which makes R1T pickup trucks and R1S SUVs, delivered 15,564 vehicles in the quarter ended Sept. 30, compared with Visible Alpha estimates of 14,740 vehicles and up 23% from the second quarter. It produced 16,304 vehicles at its facility in Normal, Illinois, up from 13,992 in the second quarter. That means Rivian has to make just more than 12,300 vehicles in the current quarter to hit its full-year target.

Persons: Rebecca Cook, Tesla, Rivian, Abhirup Roy, Zaheer Kachwala, Arun Koyyur Organizations: Munro & Associates, REUTERS, FRANCISCO, Rivian, Cox Automotive, U.S, EV, Canalys Research, Thomson Locations: Auburn Hills , Michigan, U.S, The Irvine , California, Normal , Illinois, San Francisco, Bengaluru

Those smaller suppliers have only recently recovered from the shocks of the Covid-19 pandemic and the resulting global shortage of semiconductors. Now, they're coming under pressure to increase their own workers' wages — in an environment where higher interest rates have made it more costly to borrow money — and staring down the threat of ongoing auto workers' strikes. Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Supplier layoffsIn the face of prolonged strikes, some smaller suppliers are already cutting workers or announcing plans to do so. Michael B. Thomas | Getty ImagesAs of Tuesday, two additional Detroit-area auto suppliers had already filed notices of potential layoffs with the state of Michigan.

Persons: Bill Pugliano, Patrick T, Fallon, Dennis Devaney, Devaney, Joe Biden, Matthew Hatcher, MEMA, Biden, Michael B, Thomas, Mary Barra, We've Organizations: United Auto Workers, Getty, Ford Motor, General Motors, U.S . automakers, American Automotive, Council, UAW, Chrysler, Parts Distribution, AFP, GM, Ford, National Labor Relations Board, Equipment Manufacturers Association, White House, Plant, Small Business Administration, LM Manufacturing, Ford Bronco, Manufacturing, Canadian, Magna International, Union, General Motors Wentzville, CIE, Spain's CIE Automotive, Eagle Industries, CNBC, Publicly Locations: Auburn Hills , Michigan, Chrysler Los, Ontario , California, Detroit, Covid, Michigan, Wayne , Michigan, U.S, Wentzville , Missouri

☆ Stellantis to invest $500 million in Rio plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowRIO DE JANEIRO, Sept 22 (Reuters) - Stellantis (STLAM.MI) will invest up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro state, its CEO for South America, Antonio Filosa, said on Friday. The announcement happened at an event at the Guanabara Palace, the Rio state government's headquarters, and the funds are part of an investment cycle that ends in 2025. Of the total, 330 million reais have been invested in developing a modified version of its CMP car platform for producing models from several of the group's brands, compatible with combustion, hybrid and electric engines. Stellantis, which owns brands such as Fiat, Peugeot and Jeep, has two other factories in Brazil and two more in South America.

Persons: Rebecca Cook, Antonio Filosa, Stellantis, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, Jason Neely, David Gregorio Our Organizations: REUTERS, RIO DE, South, CMP, Fiat, Peugeot, Jeep, Thomson Locations: Auburn Hills , Michigan, U.S, RIO DE JANEIRO, Rio de Janeiro, South America, Guanabara, Rio, Brazil

New York CNN —The United Auto Workers union is expanding its strike against GM and Stellantis but said that progress in negotiations with Ford means it won’t expand the number of Ford workers on the picket lines. “At noon Eastern today, all parts distributions centers at General Motors and Stellantis will be on strike,” he said. Still the announcement of progress at Ford raised hopes that the strike, at least at there, could be brought to a relatively quick end. But the UAW’s expanded strike is now targeting the parts distribution centers for GM and Stellantis. As of 10:30 am ET, Stellantis (STLA) is up 0.98%; Ford (F) is up 3.57%; and GM (GM) is up 0.7%.

Persons: Shawn Fain, ”, “, Fain, “ Ford, ” Ford, Ford, Bill Pugliano, ” Shawn Fain, Tesla Organizations: New, New York CNN, United Auto Workers, GM, Ford, UAW, General Motors, Ford Michigan Assembly Plant, Stellantis, Jeep, Dodge, Chrysler, Big, Facebook, UAW International Union Locations: New York, Wayne , Michigan, Wentzville , Missouri, Toledo –, North America, Virginia, California, America, Auburn Hills , Michigan

☆ Could the United Auto Workers strike affect car prices? 'Inevitably yes,' expert says
▼ + stars: | 2023-09-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Members of the United Auto Workers (UAW) union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on September 20, 2023. Regardless of the outcome, the United Auto Workers strike threatens to cause already high car prices to escalate. However, if the strike expands, or, alternatively, if the striking autoworkers' demands are met for a 40% pay raise along with other benefits, that could put pressure on automakers, dealers and, ultimately, car shoppers. Either way, consumers will pay more down the road, he added. "Inevitably yes, no matter what."

Persons: —, Stellantis —, Ivan Drury, Edmunds, Drury Organizations: United Auto Workers, UAW, Big Three, — Ford, GM, Finance Locations: Auburn Hills , Michigan, Missouri , Michigan, Ohio

☆ UAW president invites Biden to join picket line as autoworker strikes expand to dozens of facilities
▼ + stars: | 2023-09-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Emily Elconin | Bloomberg | Getty ImagesUnited Auto Workers President Shawn Fain on Friday invited President Joe Biden to join the picket line as striking workers expanded their walkout to dozens more General Motors and Stellantis facilities. "We still have serious issues to work through, but we do want to recognize that Ford is showing that they're serious about reaching a deal," the UAW president said. Biden sided with the striking workers last Friday when the UAW launched its initial targeted strikes against three facilities in Michigan, Missouri and Ohio. Record profits at Ford, General Motors and Stellantis "have not been shared fairly, in my view, with the workers," Biden said during a brief address last Friday. Members of the United Auto Workers union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on Sept. 20, 2023.

Persons: Shawn Fain, Emily Elconin, Joe Biden, Fain, Evelyn Hockstein, Biden, Bill Pugliano Organizations: GM, United Auto Workers, UAW, Bloomberg, Getty, Motors, General Motors, White, Marine, Washington , D.C, Reuters, Ford Locations: Detroit, United States, Washington ,, Michigan , Missouri, Ohio, Michigan, Auburn Hills , Michigan

☆ Ford could face strike in Canada, adding to U.S. labor pressure
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: +4 min

Ford Motor could face a strike in Canada if no agreement is reached by 11:59 p.m. Monday with the union representing about 5,600 Canadian auto workers, just days after workers at one of its U.S. plants went on strike. On Friday, the United Auto Workers union launched a targeted strike against Ford, General Motors and Chrysler-parent Stellantis , targeting one assembly plant at each company. Canadian union Unifor, whose contract with Ford expires at 11:59 p.m. Monday, said "while we remain at the table the likelihood of a strike increases with each passing hour." Ford has two engine plants in Canada that build V-8 motors for F-series and Super Duty pickups assembled in the United States. Ford on Friday furloughed 600 workers who are not on strike at the Michigan Bronco plant because of the impact of the work stoppage.

Persons: Ford, Stellantis, Shawn Fain, Fain, Janet Yellen, Stellantis's Ram, BlueScope Steel Organizations: Ford, United Auto Workers, General Motors, Chrysler, UAW, Detroit automakers, Union, GM, Chrysler Corp, MSNBC, Ford Bronco, Chevrolet, Michigan Bronco, GM's, Silverado, BlueScope Locations: Canada, United States, Ontario, Kentucky, Dearborn , Michigan, Kansas City , Missouri, U.S, Auburn Hills , Michigan, Detroit, Michigan , Ohio, Missouri, Chevrolet Colorado, Kansas, North America

☆ Stellantis could close 18 facilities under UAW deal — here are the full details of its latest offer
▼ + stars: | 2023-09-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stellantis said the facility would "continue to be our North American headquarters and North America technical center." It's not guaranteed the facilities would close under a labor deal; however, Stellantis is required to include potential closures or sales of any location where a UAW member works, a company source said. Stellantis North American Chief Operating Officer Mark Stewart, who is overseeing the UAW talks, said the company needs to "modernize" the Mopar facilities. Stewart, without disclosing details of the plan, described the company's proposal for Belvidere as a "very compelling offer." The Mopar facilities that could close include Atlanta PDC; Boston PDC; Centerline Warehouse & Packaging; Chicago PDC; Marysville PDC; Milwaukee PDC; New York PDC; Orlando PDC; Sherwood PDC; and Warren PDC.

Persons: Bill Pugliano, Stellantis, Jeff Kowalsky, It's, Mark Stewart, Stewart, Rich Boyer, Michael Wayland, Sen, Bernie Sanders, Boyer Organizations: United Auto Workers, UAW, Big, Getty, DETROIT, CNBC, Belvidere Assembly, Plant, Elliott, FCA, Technology Center, Afp, North, Detroit Free Press, Detroit, General Motors, Ford Motor, Cherokee, GM, Ford, CNBC UAW, U.S, Detroit automakers, Atlanta PDC, Boston PDC, Packaging, Chicago PDC, Marysville PDC, Milwaukee PDC, New York PDC, Orlando PDC, Sherwood PDC, Warren PDC Locations: Detroit , Michigan, U.S, Illinois, Belvidere, Indiana, Trenton, Michigan, Detroit, Stellantis, Auburn Hills , Michigan, North America, Arizona, Belvidere Assembly, Belvidere , Illinois, Belvidere —, Warren, Mich, Fishkill , New York, Macon , Georgia

☆ UAW says Stellantis boosts wage-hike offer to 19.5%, Detroit News reports
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 15 (Reuters) - Stellantis' (STLAM.MI) latest offer to the striking United Auto Workers includes raising wages 19.5% and making salaried workers hourly, the Detroit News reported on Friday, citing the union. The offer from Chrysler's parent company includes consolidating after-sales parts plants and increasing the number of supplemental workers the Jeep maker can use, the report said. UAW President Shawn Fain said on Wednesday that Stellantis had proposed a 17.5% pay hike. Reporting by Chandni Shah and Kanjyik Ghosh in Bengaluru; Editing by Sandra Maler and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, Shawn Fain, Stellantis, Rich Boyer, Chandni Shah, Kanjyik Ghosh, Sandra Maler, William Mallard Organizations: REUTERS, United Auto Workers, Detroit News, UAW, Union, Detroit Three, Ford Bronco, Chevrolet, Thomson Locations: Auburn Hills , Michigan, U.S, Detroit, Chevrolet Colorado, Bengaluru

☆ Stellantis boosts wage hike offer to 19.5%, seeks concessions, UAW says- Detroit News
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: 1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowSept 15 (Reuters) - Stellantis' (STLAM.MI) latest offer to the striking United Auto Workers includes hiking wages by 19.5% and making salaried workers hourly, The Detroit News reported on Friday, citing the union. The offer also includes consolidating aftersales parts plants and increasing the number of supplemental workers the jeep maker can use, the report said. Reporting by Chandni Shah in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, Chandni Shah, Sandra Maler Organizations: REUTERS, United Auto Workers, Detroit News, Thomson Locations: Auburn Hills , Michigan, U.S, Bengaluru

☆ Explainer: Auto industry on tenterhooks ahead of potential UAW strike against 'Detroit Three'
▼ + stars: | 2023-09-11 | by ( Nathan Gomes | ) www.reuters.com time to read: +5 min

Ford's annual filing showed about 57,000 of its hourly employees in the United States were represented by the UAW, while the UAW represents about 43,000 U.S. hourly workers at Stellantis. Stellantis last week offered its U.S. hourly workers a 14.5% wage hike over four years, but no lump sum payments. Fain also is aiming to get agreements that would allow the UAW to represent hourly workers at joint-venture EV battery plants opened or planned by the Detroit Three. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike that shut down its profitable U.S. operations. Contract talks between the UAW and the Detroit automakers have gone on till the strike deadline and beyond in past years.

Persons: Rebecca Cook, Shawn Fain, Stellantis, it's, Fain, Biden, Tesla, GM's, Chris McNally, Nathan Gomes, Ben Klayman, Shounak Dasgupta Organizations: REUTERS, United Auto Workers, UAW, Detroit Three, General Motors, Ford, Chrysler, Detroit, WHO, GM, Stellantis, FROM, Facebook, EV, Lear Corp, Detroit automakers, Anderson Economic Group, Thomson Locations: Auburn Hills , Michigan, U.S, United States, Stellantis, Bengaluru, Ben, Detroit

☆ Auto workers reject Detroit Three contract offers, ready to strike
▼ + stars: | 2023-09-09 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Contract talks between the UAW and the Detroit automakers have gone to the strike deadline and beyond in years past. Stellantis said on Friday it offered U.S. hourly workers a 14.5% wage hike over four years but no lump sum payments. The UAW said the GM and Ford offers would change the formula for calculating profit-sharing, and if it had been in effect last year GM workers would have received 29% less and Ford workers 21%. A UAW strike that shuts the Detroit Three manufacturers could cost carmakers, suppliers and workers over $5 billion, the Michigan-based Anderson Economic Group estimated. GM recorded a $3.6 billion pre-tax loss in 2019 after UAW members went on strike for six weeks, the longest walkout against a Detroit automaker since 1970.

Persons: Rebecca Cook, Shawn Fain, Fain, it's, Ford, Stellantis, Mark Stewart, David Shepardson, Joseph White, Jonathan Oatis, Will Dunham Organizations: REUTERS, United Auto Workers, Detroit, Motors, Ford, Chrysler, Facebook, UAW, Detroit automakers, GM, Anderson Economic Group, Thomson Locations: Auburn Hills , Michigan, U.S, America, Stellantis, Michigan, Washington, Detroit

☆ Chrysler parent Stellantis offers 14.5%, 4-year wage hike to hourly workers
▼ + stars: | 2023-09-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 8 (Reuters) - Chrysler parent Stellantis (STLAM.MI) said Friday it offered U.S. hourly workers a 14.5% wage hike over four years in its offer to the United Auto Workers union ahead of a Sept. 14 contract expiration. The offer is much less than the 46% wage hike being sought by the union. General Motors (GM.N) said Thursday it had offered workers a 10% wage hike and two additional 3% annual lump-sum payments over four years. The Stellantis offer - which did not specify how the 14.5% wage increase would be distributed over four years - is similar to GM and Ford's offers. Stellantis is offering $10,500 in inflation protection payments over the four years, while GM is offering $11,000 and Ford $12,000.

Persons: Rebecca Cook, Stellantis, Mark Stewart, Shawn Fain, David Shepardson, Jonathan Oatis Organizations: REUTERS, Chrysler, United Auto Workers, UAW, General Motors, Ford, GM, Ford's, Detroit Three, Thomson Locations: Auburn Hills , Michigan, U.S, America

☆ Stellantis and Samsung SDI set plan to build second U.S. battery plant
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: +1 min

French-Italian automaker Stellantis and South Korean battery maker Samsung SDI on Monday said they plan to open a second joint-venture plant in the U.S. to build electric vehicle batteries, with a target to start production in 2027. The companies said the transaction still needs to be finalized, and where the plant will be located is under review. Also, how much will be invested at the site and how many people it will employ will be announced later. In 2021, Stellantis said it planned to pump $35 billion into EV production and software globally through 2025. Stellantis said the second U.S. battery plant will be the sixth to support the company's goals.

Persons: Carlos Tavares, Stellantis, Ram, Alfa Romeo Organizations: FCA, Technology Center, Stellantis, Samsung SDI, North, Peugeot, Jeep, Citroen, Opel Locations: Stellantis, Auburn Hills , Michigan, Korean, U.S, Europe

☆ Explainer: Auto industry on tenterhooks as UAW kicks off talks with 'Detroit Three'
▼ + stars: | 2023-07-13 | by ( Nathan Gomes | ) www.reuters.com time to read: +6 min

REUTERS/Rebecca Cook/File PhotoJuly 12 (Reuters) - The United Auto Workers (UAW) union will start contract talks with the Detroit Three automakers beginning Thursday, ahead of the mid-September expiration of current four-year labor deals. WHO IS THE UNION NEGOTIATING WITH? The U.S. labor union will officially open talks first with Stellantis, followed by Ford on Friday and GM on Tuesday. In fiscal 2019, GM's fourth-quarter profit took a $3.6 billion hit from a 40-day UAW strike that shut down its profitable U.S. operations. Fain who took helm of the union in March, has been a UAW member for more than two decades.

Persons: Rebecca Cook, Shawn Fain, Fain, They've, Biden, Tesla, Jim Farley, Ford, Stellantis, GM's, Wells, Colin Langan, Fitch, Steve Brown, Nathan Gomes, Ben Klayman, Shounak Dasgupta Organizations: REUTERS, United Auto Workers, UAW, Detroit Three, General Motors, Ford, Detroit, WHO, GM, EV, Detroit Free Press, Lear Corp, Thomson Locations: Auburn Hills , Michigan, U.S, Detroit, United States, Stellantis, American, Bengaluru, Ben

☆ Taylor Swift changes controversial lyrics for ‘Better Than Revenge’
▼ + stars: | 2023-07-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.

Persons: CNN — Taylor Swift, ” Swift, “, Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, –, Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta

☆ The Majesty of the Cure’s Live Show
▼ + stars: | 2023-06-23 | by ( ) www.nytimes.com time to read: +2 min

Thursday night, I got the sense that this was not something Smith was just doing for show: This is a band that noticeably, palpably cares about its fans. And onstage, Smith emitted a sincere sense of gratitude that I found transfixing. Yes, Smith still styles himself like a kinder, gentler version of the Joker. Here were six guys just playing their instruments, occasionally striking exaggerated rock poses, but mostly just letting this majestic music speak for itself. Today’s playlist is an appreciation for the Cure’s reign as a top-notch live act.

Persons: Smith, palpably, ”, Simon Gallup —, —, Gallup, Reeves Gabrels Locations: Auburn Hills, Mich

☆ Stellantis, LGES implementing 'contingency plans' for battery plant in Canada
▼ + stars: | 2023-05-13 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

[1/2] A Stellantis sign is seen outside the company's headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 12 (Reuters) - Automaker Stellantis (STLAM.MI) and South Korea's LG Energy Solution (373220.KS) (LGES) are implementing "contingency plans" related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday. "As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy Solution will immediately begin implementing their contingency plans," Stellantis said in a brief emailed statement, without elaborating. LGES and Stellantis announced the investment last year to establish a large-scale, domestic, electric vehicle battery manufacturing facility in Canada. Canada's deal with Volkswagen for a battery gigafactory, announced this year, is the biggest single investment ever in the country's electric-vehicle supply chain.

☆ Automaker Stellantis hires ex-Adidas, grocery executive as CFO
▼ + stars: | 2023-04-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Stellantis on Wednesday said it has hired the chief financial officer from global grocery company Ahold Delhaize to replace CFO Richard Palmer, who plans to leave the company at the end of June. Palmer will be succeeded by Natalie Knight, who has served as CFO at the Netherlands-based food retailer since early 2020. The automaker did not release details regarding why Palmer, who served as CFO through two major global mergers, is leaving the company. The resulting automaker then merged with French company PSA Groupe in 2021, forming Stellantis. Stellantis said Knight will be based at the company's U.S. headquarters in Auburn Hills, Michigan, "with extensive travel to Europe and the other regions."

[1/2] A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File PhotoWASHINGTON, April 17 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co (GM.N) to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Franco-Italian automaker Stellantis NV , over bribery allegations involving the United Auto Workers union. Stellantis in a statement praised the court's decision to turn away what it described as "baseless claims" by GM. "Today's decision upholding the district court's dismissal of GM's lawsuit is another reaffirmation that its claims are meritless," Stellantis said. FCA paid a $30 million fine while the UAW agreed to independent oversight to resolve the U.S. Justice Department investigation.

☆ ABB invests in US robot factory as reshoring trend hots up
▼ + stars: | 2023-03-16 | by ( John Revill | ) www.reuters.com time to read: +3 min

ZURICH, March 15 (Reuters) - ABB (ABBN.S) is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The United States is the third largest in the global robotics market, which is worth around $50 billion per year according to estimates by ABB and the International Federation of Robotics (IFR). Rapid growth is expected as US companies bring production closer to home to avoid logistic log jams which have gummed up supply chains since the global pandemic. A survey by ABB last year showed 70% of North American businesses suffered supply chain disruptions in the last year. "The potential for growth in the industrial robots market is huge," Atiya said.

Search resuls for: "Auburn Hills"

25 mentions found