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Market Chatter: General Motors, Stellantis Risk Losing $1.1 Billion Retooling Grants from US Administration
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Market Chatter: General Motors, Stellantis Risk Losing $1.1 Billion Retooling Grants from US Administration
Oct 8, 2025 4:13 AM

06:58 AM EDT, 10/08/2025 (MT Newswires) -- General Motors ( GM ) and Stellantis ( STLA ) risk losing $1.1 billion retooling grants awarded by the Joe Biden administration last year, Reuters reported Wednesday, quoting official documents.

The US Energy Department is considering revoking these grants, which are among the $12 billion in grants that could be retracted as a result of the ongoing partial government shutdown.

General Motors ( GM ), Stellantis ( STLA ), and the US Energy Department did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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