EV battery maker ACC halts German factory, delays Italy plant-February 2024-www.financetom.com

EV battery maker ACC halts German factory, delays Italy plant

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

EV battery maker ACC halts German factory, delays Italy plant

Jun 4, 2024 6:28 AM

PARIS, June 4 (Reuters) - ACC, an electric vehicle

battery joint venture between carmakers Stellantis ( STLA )

and Mercedes and Saft, a subsidiary of France's

TotalEnergies, has halted work on a factory in

Germany, the company said on Tuesday.

The venture has also postponed plans for a gigafactory in

Italy, it said, as it reviews its strategy to adapt to growing

demand for lower-cost electric vehicles.

Previous page： Canadian Airbus A220 workers to start pressure tactics after rejecting contract Next page： Soccer-Man United hope thrilling Cup win over Liverpool will turn season around

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Canadian Airbus A220 workers to start pressure tactics after rejecting contract

Mar 17, 2024

MONTREAL, March 17 (Reuters) - Canadian Airbus A220 production workers will initiate pressure tactics on Monday to slow jet production after voting on Sunday to reject a proposed contract and give strike authorization, a union official said. Around 99% of the estimated 1,000 members represented by the International Association of Machinists and Aerospace Workers (IAM) who voted rejected the contract,...

Soccer-Man United hope thrilling Cup win over Liverpool will turn season around

Mar 17, 2024

MANCHESTER, England, March 17 (Reuters) - Manchester United's ( MANU ) stunning 4-3 comeback victory over Liverpool in extra time in the FA Cup quarter-finals on Sunday kept their trophy dreams alive and manager Erik ten Hag hopes it will also be the catalyst to turn around their Premier League fortunes. Amad Diallo practically blew the roof off Old Trafford...

Exclusive-Reddit's IPO as much as five times oversubscribed, sources say

Mar 17, 2024

NEW YORK (Reuters) - Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market debut, it means the company is poised...

Soccer-Man City to face Chelsea in FA Cup semi-finals, Man Utd play Coventry

Mar 17, 2024

March 17 (Reuters) - Holders Manchester City will play Chelsea in the FA Cup semi-finals in an all-Premier League clash next month while Manchester United ( MANU ) take on Coventry City after the draw for the last four was made on Sunday. United won a thrilling quarter-final against Liverpool, beating their arch rivals 4-3 in extra time to deny...