Stellantis N.V. (STLA)
Pre-Market:
- Reuters
Exclusive-Stellantis Mexico unit okays independent union; U.S. trade probe to end
A Mexican unit of carmaker Stellantis expects to resolve a complaint from Washington in several days, it said after it agreed to recognize an independent union, a move workers attributed to U.S. pressure under a recent trade pact. Stellantis-owned Teksid Hierro de Mexico said the complaint, which alleged rights abuses at an auto parts plant in the northern border state of Coahuila, was set to close without going to a dispute panel. The U.S. Trade Representative (USTR) is negotiating a remediation plan with Mexico's government on the matter under the 2020 United States-Mexico-Canada Agreement (USMCA), and will provide more information in the coming days, a USTR spokesman said in response to questions from Reuters.
- Bloomberg
Electric Cars’ Surging Prices Mean Fewer Buyers Can Use Tax Credit
(Bloomberg) -- Vehicle-price caps included in a push by US Senate Democrats to expand a popular consumer incentive for electric cars could put pressure on automakers to lower costs of upcoming plug-in models. Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteA breakthrough deal between Senators Chuck Schumer and Joe Manchin would allow carma
- Bloomberg
Automakers Blitz Congress to Fix an EV Tax Credit They Can’t Use
(Bloomberg) -- Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric-vehicle credits.Most Read from BloombergHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysAn extension
