Stellantis N.V. and Vulcan Energy Resources have signed a binding term sheet for the first phase of a multiphase project that aims to develop new geothermal projects at the Dutch automotive company’s Mulhouse industrial site in France. The Mulhouse industrial site is home to several automobile models, including the DS 7, Peugeot 308 and 308 […]
Dutch car maker Stellantis has launched the FIAT brand in Algeria, with six carlines on offer, namely Fiat 500 Hybrid, Fiat Tipo, Fiat 500X, Fiat Scudo, Fiat Doblò, and Fiat Ducato. The launch of the FIAT brand in the Algerian market is part of the staged investment of Stellantis which concretizes the automotive specifications agreement […]
Stellantis, a Dutch automaker, will acquire a 14.2% equity stake in McEwen Copper for $155 million, becoming the second largest shareholder along with Rio Tinto. McEwen Copper is a subsidiary of Canadian mining company McEwen Mining and holds a 100% stake in the Los Azules copper project in San Juan, Argentina and the Elder Creek […]
Dutch automotive manufacturer Stellantis and Archer Aviation have announced a collaboration to produce the latter’s Midnight eVTOL aircraft, an electric vertical take-off and landing (eVTOL) aircraft for use in urban air mobility networks. Being the exclusive contract manufacturer, the Amsterdam-headquartered Stellantis will mass produce Archer Aviation’s eVTOL aircraft and provide up to $150 million in […]
Plug and Play LLC, a US-based early-stage investor, accelerator, and corporate innovation platform, will open an innovation center in Hyderabad, India in Q1 2022. The Hyderabad innovation center will mark the foray of Plug and Play in India adding to the 35 plus office locations it has around the world. Saeed Amidi — Founder and […]
Archer, an electric aircraft start-up, has agreed to merge with Atlas Crest Investment, a special purpose acquisition company (SPAC), in a deal valued at around $3.8 billion. The merger will enable Archer to become a publicly listed company that will trade on the New York Stock Exchange (NYSE) under the ticker symbol – ACHR. Ken […]