One of the biggest investments currently being made in the European car industry is going to the next phase, as the definitive «green light» for the construction of a new battery factory. The transition to electric drive continues to be one of the biggest priorities of European automobile companies, with manufacturers investing billions of euros in new plants, [...]
Stellantis announced an investment of more than one billion euros in France, aimed at the development of the new STLA One platform and the production of three new electrified Peugeot models. The investment was formalized on Tuesday, June 2 by the chairman of the Stellantis group, Antonio Filosa, during a visit to the group's mill in Milouz [...]
The transition to electric drive is proving particularly cost-effective for the major Detroit manufacturers, with damage amounting to tens of billions of dollars. However, these economic performances do not seem to affect the rewards of top executives. General Motors went on to write down $7.9 billion related to the review of its strategy in [...]
