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Volvo Building U.S. Battery Assembly Plant

Volvo has announced plans to build a battery assembly plant in the U.S. The plant will help support the brand's bold electrification plans, including assembling a battery for an electric version of the XC90 crossover.  The plant is part of a planned $600 million investment Volvo is making into its Ridgeville, South Carolina assembly plant, according to Automotive News. The…

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FCA Passenger Cars Will Leverage PSA Platforms

The mechanics of the pending merger between Fiat Chrysler Automobiles and PSA Group have been disclosed, but the nuts and bolts of its impact on the respective companies product development have not been discussed - until now. Reportedly, FCA is going to lean very heavily on switching its vehicles to PSA architectures.  According to Automotive News the combined automaker plans to quickly…

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FCA, PSA Group Sign $50 Billion Merger Deal

Fiat Chrysler Automobiles and PSA Group have reportedly signed off on a merger deal worth about $50 billion.  The deal will create a combined automaker that sells around 8.7 million vehicles per year.  Reuters reports the two automakers could make the formal merger announcement as early as later this week. The announcements will undoubtedly provide additional details of the combination, but…

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GM, LG Chem Form Joint Venture To Build Batteries

General Motors and battery supplier LG Chem are taking their long-standing relationship a step further with the formation of a new joint venture company. This new JV will aid the automaker in building electric vehicles, starting with a new battery cell production site.  The partnership's first manufacturing facility will be at a greenfield site near Lordstown, Ohio, a community that…

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Fiat Chrysler, UAW Reach Tentative Deal

Fiat Chrysler Automobiles and the United Auto Workers union have reached a tentative collective bargaining deal. Both sides have confirmed the deal, which is coming amid significant turmoil for both parties.  The deal reportedly includes a $4.5 billion investment commitment from FCA, which translates into 7,900 UAW jobs over the course of the four-year deal. The $4.5 billion pledge is…

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Fiat Chrysler, PSA Group Agree to Merger

Fiat Chrysler Automobiles and PSA Group have announced plans for a merger of equals between the two automakers. The proposed deal will create the world's fourth largest automaker; bringing iconic brands such as Jeep and Peugeot together, under one roof.  The automakers are valuing the deal at $48 billion and calling it a 50/50 merger. The merged entity will sell about…

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PSA Groupe, Fiat Chrysler Confirm Merger Talks

It wasn't long ago Fiat Chrysler was in talks with Renault regarding a potential merger, but that isn't stopping FCA from courting someone else. Both FCA and French automaker PSA Groupe have confirmed the two automakers are currently engaged in merger talks.  The confirmation came from both parties after recent reports suggested the two were interested in potentially merging. Talks…

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UAW Officially Ends GM Strike; Ford Talks Starting

The United Auto Workers and General Motors have confirmed the UAW's membership has ratified a new four-year contract between the two parties. The new agreement puts an end to a six-week labor strike that started back on Sept. 16th.  “General Motors members have spoken,” said Terry Dittes, UAW vice president and director of the UAW-GM Department. “We are all so…

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GM, UAW Reach Tentative Deal

General Motors and the United Auto Workers union have reached a tentative deal after a 31-day labor strike. Details of the deal have yet to be released, but union officials are claiming some "big wins" for the members.  Both GM and the union have issued official statements confirming the deal, but neither have offered any details. Some sources are suggesting…

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