Stellantis to Shut Down Historic Luton Plant After 120 Years: Promises Fair Treatment for All Employees

November 28, 2024 – Stellantis, the parent company of the British automotive brand Vauxhall, announced yesterday its decision to shut down its car manufacturing plant in Luton, UK, where Vauxhall has been producing vehicles since 1905, and consolidate its operations in the country. Currently employing around 1,100 workers, the Luton plant manufactures internal combustion engine…

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U.S. Department of Energy Backs Rivian with $6.6 Billion Loan for EV Expansion

November 27, 2024 – Yesterday, local time in California, Rivian, the American pure electric vehicle company, announced that the U.S. Department of Energy has conditionally committed to providing a total loan of 6.6billionundertheATVM(AdvancedTechnologyVehiclesManufacturing)program.Thisloan,whichincludes6 billion in principal and $600 million in capitalized interest, is intended to support Rivian’s expansion plans. If finally approved, the loan will…

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Apple’s Declining Interest in (PRODUCT) RED Revealed

November 27, 2024 – According to a report published by technology media outlet MacRumors on November 26th, Apple seems to be gradually “phasing out” its (PRODUCT) RED line of products, with no active plans to introduce new ones. A Brief on Apple’s (PRODUCT) RED Initiative Apple began participating in the (PRODUCT) RED program in 2006,…

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Musk Surprised: California EV Subsidies to Exclude Tesla

November 26, 2024 – On Monday, California Governor Gavin Newsom declared that if President Trump decides to abolish the federal tax credit for electric vehicles (EVs) upon taking office, the state of California will introduce a separate rebate program for EV buyers. However, he also mentioned that the current proposal excludes Tesla’s popular models, and…

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