US may revoke $1.1 billion in auto plant funding for Stellantis, GM-March 2024-www.financetom.com

US may revoke $1.1 billion in auto plant funding for Stellantis, GM

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US may revoke $1.1 billion in auto plant funding for Stellantis, GM

Oct 7, 2025 12:21 PM

WASHINGTON (Reuters) -The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors ( GM ) last year by the administration of President Joe Biden, according to a document seen by Reuters.

The projects are among a list of $12 billion in awards that could be canceled as the partial government shutdown persists.

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