Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Amazon’s newest product lets companies build their own Alexa assistant for cars, apps and video games
Amazon is selling access to the underlying technology stack of Alexa to let companies — starting with Fiat Chrysler Automobiles — build their own intelligent assistants with unique voices, skills and wake words. The new Alexa Custom Assistant pro.....»»
EV maker Electric Last Mile to move HQ in suburban Detroit
The startup, which plans to go public through a reverse merger, said it will build initial battery pack and electric motor prototypes as well as complete preproduction vehicles at the new location......»»
Fiat Chrysler to pay $3.5 billion special dividend to shareholders Jan. 29
FCA and PSA expect to complete their $52 billion merger to create Stellantis on Saturday after their investors gave their blessing to the plan last week......»»
Mahindra expects to bring back some N.A. employees, report says
The Indian automaker had cut more than half of its North American work force due to the COVID-19 pandemic and an ongoing legal dispute with Fiat Chrysler, Reuters reported. But last month it won a favorable ruling in the case......»»
Fiat Chrysler teams with Silicon Valley startup on new air taxi
The automaker’s low-cost supply chain and expertise in advanced materials and engineering will help to make Archer’s vehicle more affordable, the companies said. Archer plans to unveil its aircraft early this year and start production in 2023......»»
The automotive industry has got SPAC madness, and it may not end well
Combination of electric vehicle mania and blank-check companies proves volatile. Enlarge / Fisker now has a market cap of $4.1 billion thanks to a SPAC reverse merger in 2020. It says that the Ocean SUV will be the most sustainable vehicle ever.....»»
Air taxi startup Archer is partnering with automaker FCA on production of its electric aircraft
Archer, a company that’s looking to develop an airline of electric vertical take-off and landing (eVTOL) aircraft for use in urban transport, will work with automaker Fiat Chrysler Automobiles (FCA) in a new partnership to benefit from the latt.....»»
Lucid Motors in talks to go public via merger, report says
The EV maker, which is backed by Saudi Arabia’s sovereign wealth fund, is in talks with a special-purpose acquisition company run by former Citigroup executive Michael Klein, Bloomberg reported......»»
EV startup Faraday in talks to go public via merger, report says
Property Solutions Acquisition Corp., a special-purpose acquisition company, is seeking to raise more than $400 million in equity to support the deal which is slated to value the combined entity at around $3 billion, Bloomberg reported......»»
SoFi to go public in merger with Chamath Palihapitiya’s newest SPAC
Consumer financial services startup SoFi is going public via a merger with special purpose acquisition company Social Capital Hedosophia Holdings Corp V, one of a series of blank-check companies formed by venture capital investor Chamath Palihapitiya.....»»
Fiat Chrysler will invest $250M in India to build Jeep models
The automaker will manufacture a new midsize model, launch an updated version of its Compass and begin assembly of the Wrangler and Cherokee vehicles......»»
FCA execs Manley, Palmer eligible for millions in Stellantis retention awards, documents show
FCA CEO Mike Manley could receive nearly $63 million and CFO Richard Palmer $20 million after the merger with PSA closes, provided they remain at Stellantis and meet certain conditions, according to a shareholders' prospectus......»»
Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Fiat Chrysler-PSA merger nears finish line after shareholder approvals
The deal to create the new, combined automaker that will have 14 brands was approved by overwhelming majorities at separate shareholder meetings. The merger is expected to be completed on Jan. 16 and Stellantis shares will begin trading Jan. 18. .....»»
Lidar startup Aeva adds $200 million to SPAC deal
The investment from hedge fund Sylebra Capital Management is expected to boost total proceeds from a planned merger with a special-purpose acquisition company to $563 million......»»
Fiat Chrysler, PSA shareholders back merger to form Stellantis
The deal to create the new, combined automaker that will have 14 brands was approved by overwhelming majorities at separate shareholder meetings. The merger is expected to be completed on Jan. 16 and Stellantis shares will begin trading Jan. 18. .....»»
PSA shareholders approve merger with Fiat Chrysler
At a special shareholder meeting, the plan to form Stellantis was backed by more than 99 percent of the votes cast by the company's top investors, including the Peugeot family and Dongfeng Motor......»»
T-Mobile says hackers accessed some customer call records in data breach
T-Mobile, the third largest cell carrier in the U.S. after completing its recent $26 billion merger with Sprint, ended 2020 by announcing its second data breach of the year. The cell giant said in a notice buried on its website that it recently disco.....»»
Fiat Chrysler-PSA merger moves to a shareholder vote
Shareholders vote Monday on whether to approve the merger to create Stellantis, a new company with global reach and 14 vehicle brands that will be one of the biggest automakers by volume......»»
Fiat Chrysler will build Jeep, Alfa Romeo EVs in Poland
Fiat Chrysler said new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy, Poland. The company wants to start production of the first of three new models in 2022......»»