Archer just raised $300m—here’s how it’s set to transform military aviation
Archer Aviation Inc. has secured $301.75 million in equity financing from leading institutional investors, including funds managed by BlackRock, reinforcing its strong financial standing and ... Read More
One Equity takes majority stake in automation and robotics firm Comau
One Equity Partners (OEP), a middle-market private equity firm, has successfully completed its majority investment in Comau S.p.A., a global leader in industrial automation and ... Read More
DOE backs $7.54bn loan for Stellantis-Samsung SDI’s EV battery plants in Indiana
The U.S. Department of Energy (DOE) has conditionally committed to a monumental loan of $7.54 billion to StarPlus Energy, a joint venture between Stellantis N.V. ... Read More
Stellantis fights to survive: Industry crash, Chinese EV takeover, and strikes leave company in crisis
In a stark admission of the deepening challenges facing the global auto industry, Stellantis, one of the world's largest carmakers, has slashed its financial forecasts ... Read More
U.S. Energy Department pumps $166m into Element 25’s game-changing battery facility
Element 25 Limited, a key player in the battery materials sector, has announced a significant financial milestone with its high-purity manganese project receiving a US$166 ... Read More
Stellantis job cuts alert: Over 2,000 workers face uncertainty at Detroit-Area plant
Stellantis has issued a warning to union workers about potential job cuts, affecting as many as 2,450 employees at the Warren Truck Plant located just ... Read More
Stellantis expands hydrogen fuel cell vehicle production in Europe
Stellantis, a frontrunner in the automotive industry, has significantly expanded its production capabilities for hydrogen fuel cell vehicles. This development, focusing on both mid-size and ... Read More
Stellantis advances automotive AI with $415m CloudMade acquisition
Stellantis N.V. has announced a pivotal move in the automotive industry with the acquisition of artificial intelligence (AI) framework, machine learning models, intellectual property rights, ... Read More
Stellantis sets new standards with BEV-native STLA large platform unveiling
Stellantis N.V. has taken a significant leap forward in the automotive industry by unveiling the STLA Large, a revolutionary Battery Electric Vehicle (BEV)-native platform, poised ... Read More
Archer Aviation secures $215m funding boost for eVTOL aircraft
Archer Aviation Inc. has announced significant Q2 operating and financial results for the period ending June 30, 2023. Notably, the company has confirmed a substantial ... Read More