STLA Aug 2024 23.000 call
- Investor's Business Daily
GM Stock Breaks Out Amid EV Green Shoots With Ford, Stellantis Making Key Moves
The Big 3 are citing EV demand green shoots in a challenging market. GM stock cleared a buy point. Ford rose ahead of a Stellantis event.
- Reuters
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.
- CNN Business
Stellantis recalls more than 200,000 vehicles over stability control issues
Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail.
