STELLANTIS PLANS ANNOUNCEMENT:

Stellantis has scheduled an announcement today in Kokomo, Ind., for what could be the company’s second North American electric vehicle battery factory. The company says it will give an update on the future of its Kokomo operations this afternoon. Stellantis, formed last year with the merger of Fiat Chrysler and France’s Peugeot, has said it will build two electric vehicle battery factories in North America. In March it announced a joint venture with LG Energy Solution of South Korea to build one of them in Windsor, Ontario.