Stellantis and Samsung SDI announced Wednesday plan to invest $3.2 billion into a new EV battery plant in Kokomo, Indiana. This is Stellantis' sixth battery plant globally and its second in the United
The plans were announced in the middle of contentious U.S. labor strikes and contract negotiations between Stellantis and the United Auto Workers union.
The auto maker has announced the location for a second facility in the country in a joint venture with Samsung SDI.
Samsung has chosen Indiana for a second time to host a new electric vehicle battery plant it is planning to build with Stellantis.
Stellantis NV (NYSE:STLA, EPA:STLA) has announced it will build its second US battery manufacturing facility in Kokomo, Indiana as part of its StarPlus Energy joint venture with Samsung SDI. The Jeep
Stellantis NV and Samsung SDI Co Ltd. plan to build a second U.S. battery manufacturing facility, the companies said Wednesday.
South Korea's Samsung SDI Co Ltd said on Wednesday that it has chosen the U.S. state of Indiana to build its second joint electric vehicle (EV) battery plant with carmaker Stellantis NV.
Ford, General Motors and Stellantis all laid off more workers as the United Auto Workers strike against Detroit's Big Three automakers entered its fourth week.
General Motors Company (NYSE:GM) is dealing with strikes on both sides of the US-Canada border after roughly 4,300 walked off a trio of plants in Ontario on Tuesday.  Unifor, the Canadian autoworker
Layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.

New Strong Buy Stocks for October 10th

08:16am, Tuesday, 10'th Oct 2023
CMPR, PARR, SCS, STLA and HLLY have been added to the Zacks Rank #1 (Strong Buy) List on October 10, 2023.

Canadian autoworkers go on strike at GM plants

07:34am, Tuesday, 10'th Oct 2023
More than 4,000 autoworkers in Canada are on strike against General Motors after the Unifor union and the company failed to agree to a deal similar to the one the union previously reached with Ford.

Best Value Stocks to Buy for October 10th

06:46am, Tuesday, 10'th Oct 2023
STLA, PARR and TH made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 10, 2023.
The Canadian autoworkers will join roughly 9,200 United Auto Workers members who are on strike against GM in the U.S.
The United Auto Workers' limited strike against Ford, General Motors and Stellantis has already cost the economy more than any other strike in the industry this century.
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