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Stellantis to Invest $2.8 Billion Towards Canadian Operations

Rebecca Urena05/02/2022

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Stellantis (NYSE: STLA), parent company to Chrysler, revealed Monday it is set to invest USD2.8 Billion to restore two Ontario factories and use them to manufacture electric and hybrid...

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Intel CEO Believes Chip Shortage Will Stretch into 2024

Rebecca Urena04/29/202204/29/2022

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The shortage of semiconductors within the U.S. will carry on through 2024 according to Intel (NASDAQ: INTC) CEO Pat Gelsinger. The CEO highlighted that the scarcity of chips had...

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Stellantis & LG Energy Solution to Invest $4.1 Billion in EV Battery Plant

Rebecca Urena03/23/202203/23/2022

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Stellantis (NYSE: STLA) and LG Energy Solution are set to invest USD4.1 Billion amid a joint venture to create the first large, domestic, electric vehicle battery manufacturing facility in...

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Lordstown Motors Shares Tumble Amid Disappointing Production Plans

Rebecca Urena02/28/202202/28/2022

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Lordstown Motors (NASDAQ: RIDE) revealed that it expects to only produce and sell approximately 3,000 vehicles through next year. The company intends to sell 500 vehicles this year as...

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Beyond Meat Shares Fall Amid Disappointing Revenue

Rebecca Urena02/25/202202/25/2022

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Beyond Meat (NASDAQ: BYND) reported disappointing fourth-quarter earnings Thursday as it strives to scale production for fast-food launches. Despite a plan to reduce spending, the company’s stock tumbled 11%...

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Tritium Reports Location of New US Manufacturing Facility in Tennessee

Andy Liao02/08/2022

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Tritium DCFC Limited (NASDAQ: DCFC) has reported plans for expansion of its American footprint with a new manufacturing facility in Lebanon, Tennessee. The company plans to house up to...

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General Motors Set to Invest $3 Billion in EV Michigan Plant

Rebecca Urena12/10/202112/10/2021

207

General Motors (NYSE: GM) is set to invest approximately USD3 Billion to manufacture electric vehicles and batteries in Michigan, according to a report in the Wall Street Journal. The...

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Samsung to Purchase New $17 Billion Chip Factory

Rebecca Urena11/24/202111/24/2021

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Samsung (KRX: 005930) is set to build a new USD17 Billion semiconductor manufacturing facility in Taylor, Texas. The investment is expected to aid in the global chip shortage. “The...

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