Stellantis pours billions more into Canada, electric

May 2, 2022, 11:50 AM | Updated: 2:10 pm
FILE - In this file photo taken on Jan. 19, 2021, the Stellantis sign is seen outside the Chrysler ...

FILE - In this file photo taken on Jan. 19, 2021, the Stellantis sign is seen outside the Chrysler Technology Center, in Auburn Hills, Mich. Automaker Stellantis said Monday, May 2, 2022 it will invest $3.6 billion Canadian dollars ($2.8 billion) to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy. (AP Photo/Carlos Osorio, File)

(AP Photo/Carlos Osorio, File)

NEW YORK (AP) — Automaker Stellantis said Monday it will invest $3.6 billion Canadian dollars ($2.8 billion) to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy.

Combined with its March announcement of a joint venture battery plant with LG Energy Solution, the new investment gives Stellantis an overall investment in Ontario of CN$8.6 billion.

“These investments re-affirm our long-term commitment to Canada and represent an important step as we move toward zero-emission vehicles that deliver on our customers’ desire for innovative, clean, safe and affordable mobility,” said Stellantis North America Chief Operating Officer Mark Stewart.

Amsterdam-based Stellantis was formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot and is the world’s fourth-largest automaker.

Its long-term global strategy is to invest CN$45 billion through 2025 in electrification and software. The company plans to sell 5 million electric vehicles by 2030, with 50% of its North American passenger-car and light-truck sales going fully electric by 2030. It plans to sell only electric passenger cars in Europe by 2030.

In March, Stellantis announced that a joint venture between it and South Korea’s LG Energy Solution to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people just across a river from Detroit.

That venture plans to spend CN$5 billion to build the new plant on a field in the Canadian city. It’s expected to open early in 2024 and will be able to make battery cells and modules for over 500,000 electric vehicles per year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Today in History: July 2, Amelia Earhart disappears

Today in History Today is Saturday, July 2, the 183rd day of 2022. There are 182 days left in the year. Today’s Highlight in History: On July 2, 1937, aviator Amelia Earhart and navigator Fred Noonan disappeared over the Pacific Ocean while attempting to make the first round-the-world flight along the equator. On this date: […]
23 hours ago
Associated Press

Baby’s father charged in slaying of stroller-pushing NYC mom

NEW YORK (AP) — The ex-boyfriend of a New York City woman shot dead Wednesday as she pushed their infant daughter in a stroller has been arrested and charged with killing her, police said Friday. Slain mother Azsia Johnson’s family identified suspect Isaac Argro as the baby’s father and said he routinely abused Johnson, beating […]
23 hours ago
Associated Press

Judge: Sheriff must post bail after anti-harassment order

TACOMA, Wash. (AP) — The sheriff of Pierce County, Washington, was ordered to post $100,000 bail while he awaits trial on false-reporting charges related to his controversial confrontation last year with a Black newspaper carrier. Judge Jeffrey Jahns on Friday imposed the bail — 10 times the amount requested by prosecutors — during a hearing […]
23 hours ago
FILE - Lights illuminate a coal mine at twilight, Jan. 13, 2022, in Kemmerer, Wyo. With the nearby ...
Associated Press

Court leaves dwindling paths for Biden’s climate mission

WASHINGTON (AP) — More than 500 days into his presidency, Joe Biden’s hope for saving the Earth from the most devastating effects of climate change may not quite be dead. But it’s not far from it. A Supreme Court ruling Thursday not only limited the Environmental Protection Agency’s ability to regulate climate pollution by power […]
23 hours ago
Associated Press

Sheriff: People getting out of Texas trailer were work crew

SAN ANTONIO (AP) — A group of people who were spotted getting in and out of a parked semitrailer in San Antonio were part of a work crew, not a human-smuggling operation, authorities said Friday. Authorities checked the vehicle after someone alerted a deputy constable to it, just days after 53 migrants died when they […]
23 hours ago
Lauren Wright, a Navy spouse whose family was sickened by jet fuel in their tap water, shows her su...
Associated Press

Distrust remains after Navy report on tainted Hawaii water

HONOLULU (AP) — Lauren Wright continues to be leery of the water coming out of the taps in her family’s U.S. Navy home in Hawaii, saying she doesn’t trust that it’s safe. Wright, her sailor husband and their three children ages 8 to 17 were among the thousands of people who were sickened late last […]
23 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
...
Christina O’Haver

BE FAST to spot a stroke

Every 40 seconds—that’s how often someone has a stroke in the United States. It’s the fifth leading cause of death among Americans, with someone dying of a stroke every 3.5 minutes.
Stellantis pours billions more into Canada, electric