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☆ Automaker Stellantis has discussed moving pickup truck production from the U.S. to Mexico, union leader says
▼ + stars: | 2023-08-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

WARREN, Mich. – Automaker Stellantis has threatened to move production of the current Ram 1500 pickup truck from a factory in suburban Detroit to Mexico, a union leader said Sunday. United Auto Workers Vice President Rich Boyer, who heads the union's Stellantis unit, said the automaker has discussed the move during ongoing contract negotiations that are occurring simultaneously but separately between the UAW and General Motors, Stellantis and Ford Motor . Boyer said the company's plans would include producing a new all-electric Ram pickup truck at the Sterling Heights Assembly Plant, which currently produces most of the Ram light-duty pickups. "He don't give a s*** about the American auto worker," Boyer said wearing a red UAW shirt with "UNITED WE STAND DIVIDED WE FALL." "They have said they want to take the Ram 1500 ICE and send it to Mexico."

Persons: WARREN, Stellantis, Rich Boyer, Boyer, There's, didn't, Carlos Tavares Organizations: Sunday, United Auto Workers, UAW, General Motors, Stellantis, Ford Motor, Sterling Heights Assembly, Solidarity, ICE Locations: Mich, Detroit, Mexico, Sterling Heights

Western automakers are rattled, with Carlos Tavares, the CEO of Peugeot-to-Fiat carmaker Stellantis (STLAM.MI), warning last month of an "invasion" of cheap Chinese EVs in Europe. But Chinese brands are likely to struggle to sell cars in Europe as cheaply as at home. CONSUMER TRUSTWhile some Chinese brands, such as MG, are well known in Europe, others like XPeng (9868.HK) and Nio need to build trust. Surveys indicate most potential EV buyers in Europe do not recognise Chinese brands. But among those aware of Chinese brands, 1% or fewer would consider buying one.

Persons: Annegret, Carlos Tavares, Chen Shihua, ” Shihua, Spiros Fotinos, Alexander Klose, BYD, Geely’s Lynk, Tesla, Aiways, Zeekr's Fotinos, ” Fotinos, Klose, Victoria Waldersee, Zhang Yan, Gilles Gillaume, Giulio Piovaccari, Mark Potter Organizations: REUTERS, HK, Allianz . Western, Peugeot, Fiat, EV, New Energy Vehicle, Jato Dynamics, Logistics, Geely, South Korean, YouGov, GAC, Victoria, Thomson Locations: Berlin, Germany, Europe, BERLIN, China, Beijing, Munich, Milan

☆ Stellantis invests more than $100 million in California lithium project
▼ + stars: | 2023-08-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

"This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Controlled Thermal had separately agreed to supply lithium to General Motors (GM.N) by 2024, but that goal has been pushed to 2025, Colwell said. GM said it has a "close working relationship" with Controlled Thermal but deferred comment on technical questions to its junior partner.

Persons: Gonzalo Fuentes, Stellantis, Rod Colwell, Berkshire Hathaway, Colwell, There's, Carlos Tavares, Goldman Sachs, Ernest Scheyder, Jamie Freed Organizations: REUTERS, Resources, Chrysler, Berkshire, Koch Industries, General Motors, GM, Vulcan Energy Resources, Thomson Locations: Velizy, Villacoublay, Paris, France

☆ UAW leader defends union's lofty demands, (literally) trashes Stellantis contract proposals
▼ + stars: | 2023-08-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union's members who work for the Detroit automakers, while calling recent contract proposals from Stellantis "trash." Fain laid out reported changes to the contract involving holiday and vacation days, absenteeism, 401(k) contributions, profit-sharing payments and other proposals that he described as "concessionary." "Stellantis' proposals are a slap in the face. Contract talks between the union and automakers usually begin in earnest in July ahead of mid-September expirations of the previous four-year agreements. Fain also criticized Stellantis CEO Carlos Tavares for not meeting with union leaders to open the negotiations.

Persons: Shawn Fain, Fain, Stellantis, it's, Carlos Tavares, Tavares Organizations: United Auto Workers, Detroit automakers, UAW, Chrysler, Ford Motor, General Motors, Detroit Locations: Europe

Delivering affordable electric vehicles (EVs) has become a priority for car makers worldwide as the shift to cleaner driving has come with high prices, due largely to battery costs. In 2022, Chinese car makers had a 9% share of Europe's EV market, nearly double the previous year's figure, according to forecasts by consultancy Inovev. Tavares said Western car makers needed to use "the same weapons" as their Chinese rivals, sourcing parts in lower cost countries and striking partnerships with battery suppliers that offer the best combination of energy, cost and weight. Once-dominant Western automakers are also striving to regain ground in China itself, the world's largest car market, after losing share to local manufacturers. Mercedes-Benz (MBGn.DE) said on Thursday it was sticking to its strategy and would not engage in a price war to "buy" market share in China.

Persons: France's, Thierry Pieton, Luca de Meo, Tesla, Carlos Tavares, Tavares, Mercedes, Ola Kaellenius, Kaellenius, Victoria Waldersee, Silvia Aloisi, Mark Potter Organizations: Western, France's Renault, Finance, Renault, SAIC, Inovev, Jato, Tesla, Peugeot, Fiat, Benz, Mercedes, Thomson Locations: Europe, U.S, Western, China, Berlin

Tesla, which accounted for more than 60% of U.S. EV sales last year, has the largest network of fast-chargers with almost 18,000 Superchargers. Tesla said earlier this year it would open part of that charging network to EVs from rivals in order to be eligible for a share of funding from $7.5 billion in federal subsidies. The new charging company will support both charging standards but will compete with Tesla's network. CEOs of the seven auto brands said a charging network built out like gas stations with restrooms, food service and retail operations would support a faster EV rollout. Automakers, however, lack the necessary electricians or experience working with retailers, said Andres Pinter, co-CEO at installation and maintenance company Bullet EV Charging Solutions.

Persons: Tesla, Mercedes Benz, Akshay Singh, Karine Jean, Pierre said, Biden, TESLA, Carlos Tavares, Steve Marcus, –, Andres Pinter, Andre Barlow, Doyle Barlow, Mazard, Abhirup Roy, Jarrett renshaw, Kevin Krolicki, Ben Klayman, Paul Lienert, Diane Bartz, Chizu Nomiyama, Bernadette Baum, Marguerita Choy Organizations: General Motors, Hyundai Motor, Kia, Honda, BMW, EV, Tesla, Industry, White House, U.S, REUTERS, GM, Hyundai, BMW –, American, Solutions, VW, Daimler, Ford, Justice, Justice Department, White, Thomson Locations: U.S, North America, Las Vegas , Nevada, America, Europe, San Francisco, Washington

☆ Stellantis CEO says Tesla margins hurt as EV maker faces reality check
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

"They were more profitable than Stellantis, now they are less profitable than Stellantis". Tavares said all automakers including Tesla would also have to face growing competition from Chinese EV makers in their domestic markets. "What has been said by the Tesla CEO (Elon Musk), whom I respect totally, is that they prefer growth to profitability. "If we are racing for the bottom in terms of facing the Chinese with price cuts, Tesla will have problems with that strategy before we do, because we are more profitable than Tesla," Tavares added. Tesla kicked off a round of price cuts this year, including in China, putting pressure across the board on automakers and suppliers to contain costs.

Persons: Carlos Tavares, " Tavares, Tesla, Tavares, Elon, Giulio Piovaccari, Keith Weir Organizations: MILAN, Tesla, U.S, Franco, Thomson Locations: Italian, China

☆ Stellantis wants Italy government support to hit million model mark
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Companies Stellantis NV FollowMILAN, July 26 (Reuters) - Stellantis CEO Carlos Tavares said a production target of one million vehicles in Italy it is discussing with Rome was well within reach but it could not be a one-sided commitment and the government must support it. "We are not afraid of the one million mark," Tavares told reporters in a post-earnings roundtable. According to some forecasts its output in Italy will likely rise to over 800,000 units this year. Fiat Chrysler, which merged with France's PSA in early 2021 to create Stellantis, last produced over one million vehicles in Italy back in 2017. Reporting by Giulio Piovaccari Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Tavares, Rome, Tavares, Adolfo Urso, Alfa Romeo, Giulio Piovaccari, Keith Weir Organizations: Italy's Industry, Fiat, Alfa, Fiat Chrysler, France's PSA, Thomson Locations: Italy, Rome

☆ Stellantis tops forecasts, looks to cost cuts to keep margins strong
▼ + stars: | 2023-07-26 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

[1/2] A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. The world's third largest automaker by sales said its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. Milan-listed shares in Stellantis were up 1.6% by 0725 GMT, outpacing a 0.15% rise in Italy's blue-chip index (.FTMIB). He argued that the Stellantis margin performance was still better than those of Tesla (TSLA.O) and GM (GM.N), which he said posted margins of 10.5% and 8.3% respectively. Its first-half EBIT margin fell 60 basis points to 17.5% in North America, the group's most profitable region.

Persons: Benoit Tessier, EBIT, Carlos Tavares, Stellantis, Alfa Romeo, Ram, Natalie Knight, Tesla, Giulio Piovaccari, Gilles Guillaume, Federico Maccioni, Jason Neely, Keith Weir Organizations: REUTERS, Milan, GM, Fiat, Peugeot, Jeep, Thomson Locations: Paris, France, MILAN, Stellantis, North America, China, Europe, Milan

☆ In challenge to Tesla, major automakers launch EV charging network
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

July 26 (Reuters) - A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla and a bid to take advantage of Biden administration subsidies. Tesla (TSLA.O), which accounted for more than 60% of U.S. EV sales last year, has the largest current network of fast-chargers with almost 18,000 Superchargers in the United States. The new charging company will support both CCS and the Tesla standard. “A strong charging network should be available for all – under the same conditions – and be built together with a win-win spirit,” Stellantis CEO Carlos Tavares said in a statement. The new company would compete against established EV charging companies, including Volkswagen's (VOWG_p.DE) Electrify America, ChargePoint (CHPT.N) and EVGo (EVGO.O), which are also looking to accelerate the rollout of chargers with federal funding.

Persons: Tesla, Mercedes Benz, Tesla’s, –, ”, Carlos Tavares, Biden, Kevin Krolicki, Ben Klayman, Chizu Organizations: General Motors, Hyundai Motor, Kia, Honda, BMW, EV, Tesla, U.S, Hyundai, BMW –, American, CCS, Thomson Locations: United States, U.S, North America, America

☆ Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
▼ + stars: | 2023-07-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9 billion euros. The company confirmed its 2023 guidance while raising its growth outlook in Europe and the Middle East & Africa from 5% to 7%. Global battery electric vehicle (BEV) and low emission vehicle (LEV) sales were up 24% and 28% year-on-year to 169,000 units and 315,000 units, respectively. "It takes a united effort and open mindset across all our employees to embark on our no-compromise transformation journey while protecting the Company from external challenges."

Persons: Carmaker Stellantis, BEV, Stellantis, Carlos Tavares Organizations: Dodge, Peugeot, Fiat Chrysler, France's PSA Group, Global Locations: Europe, East, Africa, American

☆ Stellantis, Samsung SDI set plan to build second US battery plant
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +3 min

Stellantis said the second U.S. battery plant will be the sixth to support the company's goals. "The second plant will accelerate our market penetration into the U.S.," Samsung SDI CEO Yoon-ho Choi said in the statement. In May 2022, Stellantis and Samsung SDI said they would invest more than $2.5 billion to build their first joint battery plant, to open in the first quarter of 2025 in Kokomo, Indiana. Stellantis is also building a joint-venture battery plant in Windsor, Ontario, in Canada with South Korea's LG Energy Solution (373220.KS). Samsung SDI shares extended gains after Monday's announcement, rising to as much as 4.1% versus a 0.8% increase in the benchmark KOSPI (.KS11).

Persons: Carlos Tavares, Stellantis, Ram, Alfa Romeo, Yoon, Choi, Ben Klayman, Heekyong Yang, Christopher Cushing Organizations: Samsung SDI, North, Peugeot, Jeep, Citroen, Opel, Samsung, South Korea's LG Energy, General Motors, United Auto Workers union, Stellantis, GM, Ford, Thomson Locations: Korean, U.S, Europe, Kokomo , Indiana, Indiana, Windsor , Ontario, Canada, Detroit, Seoul

☆ 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

☆ Stellantis to build new Jeep Compass as fifth model in Melfi
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

MILAN, July 13 (Reuters) - Stellantis will build the new Jeep Compass, one of the carmaker's bestsellers in Europe, as the fifth model for its Melfi plant in southern Italy, two sources close to the matter told Reuters on Thursday. The new model will be a development from the Compass SUV the Franco-Italian group currently produces in Melfi, one of its main assembly sites in the country. The new Jeep Compass will join four other new models the carmaker had promised for Melfi but which it has not yet officially announced. The production of models in Melfi underpinned by the new Stellantis platform for medium-sized cars is expected to start during 2024. Stellantis currently also builds Jeep's Renegade and Fiat's 500X models in Melfi.

Persons: Stellantis, Carlos Tavares, Adolfo Urso, Melfi, Germany's, Italy's Lancia, Giulio Piovaccari, Gilles Guillaume, Keith Weir Organizations: MILAN, Jeep, Reuters, Compass, Jeep Compass, Germany's Opel, Thomson Locations: Europe, Melfi, Italy, Italian, Paris

☆ Factbox-Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/IllustrationFollowing are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. * Dowa Holdings, the world’s top producer of high-purity gallium used in products such as wafers and LEDs, said it was investigating the situation. * A spokesperson for Fujitsu said the company “is currently not active in the semiconductor business, so we are not directly impacted by the export regulations. * Microchip Technology said its initial assessment is that there will not be a material impact. * Stellantis Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to “decouple” from China.

Persons: Florence Lo, chipmaker, Carlos Tavares, ” Tavares Organizations: Reuters, REUTERS, Semiconductor, Association of Japan, Dowa Holdings, Fujitsu, Nichia, Sumitomo Chemical, Nasdaq, Semiconductors, Technology, Intel, Infineon, European Union, Navitas Semiconductor Corp Locations: China, United States, U.S

☆ Factbox: Companies respond to China's curbs on gallium and germanium exports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation. * Microchip Technology (MCHP.O) said its initial assessment is that there will not be a material impact. * Stellantis (STLAM.MI) Chief Executive Carlos Tavares said the restrictions on gallium and germanium exports should not push Western companies to "decouple" from China.

Persons: chipmaker, Carlos Tavares, Tavares, Catherine Evans, Josephine Mason Organizations: Volkswagen, Nasdaq, Intel, Infineon, European Union, Navitas Semiconductor Corp, Thomson Locations: China, United States

☆ Western businesses must find a way to work with China-Stellantis CEO
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

Companies Stellantis NV FollowMILAN, July 5 (Reuters) - The head of carmaker Stellantis (STLAM.MI) said Beijing's decision to restrict exports of two metals widely used in semiconductors and electric vehicles should not push Western companies to reduce their exposure to China. "It's not realistic nor it is in the interest of Western companies," Tavares said. However it does work with a number of Chinese companies, including ones using gallium and germanium for products the carmaker is buying from them, Tavares said. Its first application will be for new Peugeot 3008 SUV, whose production will start this year at Sochaux facility in France. With the STLA Medium "we're really entering the race," Tavares told reporters, underlining the company's ambition in electric cars.

Persons: carmaker, Carlos Tavares, Tavares, Giulio Piovaccari, Gilles Guillaume, Keith Weir Organizations: Monday, European Union, Peugeot, Sochaux, Thomson Locations: China, France, Italy, Germany, North America

☆ Automakers' contract negotiations will decide potential EV future for idled Illinois plant
▼ + stars: | 2023-07-05 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +6 min

The real question is how long will UAW workers stay off the job, said Mark Wakefield, co-head of AlixPartners' automotive practice. Around 1,680 union workers company-wide agreed to take the buyout, according to a union representative. He opted for a voluntary transfer to a Stellantis plant in Toledo, Ohio. Illinois Governor J.B. Pritzker has also stepped up efforts to salvage the 58-year-old Belvidere plant that once employed 4,500 union workers. Reporting by Bianca Flowers in Belvidere, Illinois Additonal reporting by Joseph White in Detroit Editing by Ben Klayman and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Matt Frantzen, Tesla, Shawn Fain, Fain, Mark Wakefield, Wakefield, Mary Barra, Jim Farley, Barra, Farley, Carlos Tavares, Stellantis, Robert Stacy, Auston Gore, Joe Biden, J.B, Pritzker, Brandon Campbell, Bianca Flowers, Joseph White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, automakers, UAW, General Motors, Ford, Detroit, CNBC, Detroit Free Press, Stellantis, U.S, Illinois, EVs, Thomson Locations: BELVIDERE , Illinois, Illinois, Belvidere, idled, U.S, Washington, EVs, Toledo , Ohio, Chicago, Belvidere ., Michigan, Indiana, Belvidere , Illinois, Detroit

☆ Stellantis unveils new platform underpinning move to electric vehicles
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

It has plans to move all its future products onto four new BEV platforms, STLA Small, Medium, Large and Frame, starting with STLA Medium from Europe this year. The STLA Medium platform will support several propulsion configurations; in full electric configuration it will feature a standard range of over 500 kilometres, which can be raised to up to 700 kilometres with a 'performance pack'. "BEV is the focus of the design of this platform," Tavares said. Stellantis said it currently offered 26 models in the market segments which will be served by the STLA Medium platform. Aimed at the mid-sized cars, the STLA Medium platform will be the base for up to two million Stellantis vehicles a year, built in several plants across the world, the Italian-French group said in a statement.

Persons: BEV, Carlos Tavares, Stellantis, Tavares, Ram, Alfa Romeo, Giulio Piovaccari, Keith Weir Organizations: MILAN, Wednesday, Fiat Chrysler, Peugeot, PSA, Citroen, Opel, Thomson Locations: Europe, France, Italy, Germany, North America, Italian

☆ Stellantis will need one or two additional U.S. battery plants - Tavares
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

BILLY-BERCLAU, France, May 30 (Reuters) - Stellantis (STLAM.MI) will need one or even two additional large factories for electric vehicles batteries in the United States to reach its output targets, the company's chief executive, Carlos Tavares, said on Tuesday. Speaking to journalists at the inauguration of a so-called gigafactory in northern France, Tavares said the Franco-Italian carmaker would need more similar plants in North America, where it already announced plans for two sites. The U.S. Inflation Reduction Act had created "very favourable" investment conditions in the country, Tavares added. Stellantis, whose brands include Fiat and Peugeot, is targeting a global battery production capacity of battery cells equivalent to 400 gigawatt-hours (GWh) by 2030. Reporting by Gilles Guillaume, writing by Tassilo Hummel, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ The Venice Architecture Biennale puts Africa center stage
▼ + stars: | 2023-05-30 | by ( Marianna Cerini | ) edition.cnn.com time to read: +11 min

Venice, Italy CNN —Until recently, the Venice Architecture Biennale — arguably the world’s largest architecture exhibition — has drawn crowds for its (mainly Western) star appeal. In a May 20 Facebook post titled “Venice Biennale Blues,” Zaha Hadid Architects’ principal, Patrik Schumacher, wrote that “the ‘Architecture’ Biennale is mislabeled and should stop laying claim to the title of architecture. The German pavilion, which is displaying construction waste produced by 2022’s Venice Art Biennale is a case in point. The German Pavilion at the 18th Architecture Biennale is displaying and repurposing constuction waste from the city's Art Biennale last year. The British Pavilion curators Meneesha Kellay, Joseph Henry, Jayden Ali and Sumitra Upham, with commissioner Sevra Davis, photographed in London.

☆ Stellantis says UK needs to change Brexit deal -BBC
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

Companies Stellantis NV FollowMay 16 (Reuters) - Stellantis (STLAM.MI), one of the world's biggest automakers, has said that UK needs to renegotiate parts of its Brexit deal or risk losing parts of its car industry, the BBC reported on Tuesday. The carmaker urged the government to reach an agreement with the European Union about keeping the current rules till 2027, or else "trade between the UK and EU would be subject to 10% tariffs," BBC quoted Stellantis as saying. Stellantis said its UK investments were based on meeting the strict terms of the post-Brexit free trade deal, citing a submission to a Commons inquiry into electric car production, said the report without mentioning when the statements were made. Under the trade deal, starting 2024, 45% of the value of EVs should originate in the EU or UK to qualify for trade without tariffs, the BBC said. Stellantis' submission says that uncompetitive electric vehicle costs will mean "manufacturers will not continue to invest" and will "relocate manufacturing operations outside of the UK", the report said.

☆ Toronto face high-stakes uphill climb in Stanley Cup playoffs
▼ + stars: | 2023-05-08 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it feels a lot more like what we've been through in the past," Maple Leafs head coach Sheldon Keefe said on a video call with reporters on Monday. The Maple Leafs' win over Tampa Bay in the first round had convinced many that the team, a talented but long-underachieving group, would finally deliver the franchise its first Stanley Cup since 1967. "Our job is to win one hockey game and not get focused or bogged down by anything beyond that," said Keefe. "We can't control the big picture, we can only control one game and give us an opportunity to bring the series back to Toronto (for Game Five)." Reporting by Frank Pingue in Toronto Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Panthers beat Maple Leafs to grab commanding 2-0 series lead
▼ + stars: | 2023-05-05 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

Mandatory Credit: John E. Sokolowski-USA TODAY SportsTORONTO, May 4 (Reuters) - The Toronto Maple Leafs were considered Stanley Cup favourites when the second round began but now have their backs to the wall and are staring at a 2-0 series deficit following a 3-2 loss to the Florida Panthers on Thursday. The Maple Leafs, who will play the next two games on the road, now face an uphill climb as NHL teams that have won the first two games of a best-of-seven playoff series have advanced 86% of the time. To be down 2-0 is not what we want but it's a long series and there's lot of hockey left," said Toronto forward Ryan O'Reilly. "We knew they were going to come out with a big push and they came out good," said Panthers forward Sam Bennett. But the Panthers roared back from a 3-1 series deficit to eliminate Boston and are now surprisingly in complete control while the Maple Leafs are reeling.

☆ Maple Leafs oust Lightning for first playoff series win since 2004
▼ + stars: | 2023-04-30 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it's a bit of a monkey off our back and we still got plenty of work to do but this one obviously feels really great," said Maple Leafs forward Auston Matthews. Toronto's last postseason series win came long before the arrival of gifted goal scorer Matthews (2016), explosive winger Mitch Marner (2016) and durable captain Tavares (2018). And for once the Maple Leafs, who had gone 0-11 in series-clinching games since they last advanced, gave their eternally optimistic fan base a reason to celebrate. The Tavares goal less than five minutes into overtime allowed the entire Maple Leafs organization and their fan base to breathe a collective sigh of relief. The Maple Leafs will next face the winner of Sunday's game between the top-seeded Boston Bruins and Florida Panthers.

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