The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected.
Many companies and investors are eager to recycle batteries but it could take a decade or more before enough used lithium-ion batteries become available.
The result, at a plant owned by General Motors and a South Korean company, is a milestone for the auto union in organizing electric vehicle workers.
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.
The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.
The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.
More electric cars will be sold in the country this year than in the rest of the world combined, as its domestic market accelerates ahead of the global competition.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.
The private sector now sees climate as an opportunity for job creation and economic revitalization.
The agreement is a rare example of cooperation between a traditional carmaker and an upstart.
The country’s success with two- and three-wheeled vehicles that sell for as little as $1,000 could be a template for other developing countries.
The plan is part of a global push by the automaker to develop and produce electric vehicles.
There's a dirty side to creating clean cars.
The announcement comes as the auto industry ramps up its efforts to switch to electric vehicles.