Morning Update: Stellantis Drives Canada’s EV Ambitions Off Course

Tichys Einblick

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Ownership

Investment stop at Stellantis. At least in Germany. The European automotive company, which manufactures the Opel, Peugeot and Citroën brands under its umbrella, is turning away from its European locations. On Monday, the company announced that over the next four years, it will invest 13 billion US dollars in the US site and expand American production by 50 percent. 5000 new jobs will be created at the plants in Illinois, Ohio, Michigan and India…