Stellantis-backed ACC drops plans for Italian, German gigafactories, union says

https://www.reuters.com/business/stellantis-backed-acc-drops-plans-italian-german-gigafactories-union-says-2026-02-07/

cross-posted from : https://lemmy.zip/post/58750124

The Stellantis-backed Automotive Cells Company (ACC) told unions it had dropped plans to build gigafactories in both Italy and Germany, the Italian metalworkers' union UILM said in a statement on Saturday.

26 points · 2 comments · view on lemmy.world

2 Comments

Buffalox@lemmy.world · 3 pts · 199d

Stellantis is not doing so well, their stock is only worth a fourth what it was 2 years ago.
Here in Denmark, some of their traditionally popular European brands and models are beginning to recover, after they've finally made electric versions that aren't horrible.

https://www.google.com/search?q=Stellantis+stock

Dingleberry@piefed.ca · 2 pts · 199d

I believe they're being sued by the Canadian government as well for taking the cash and running...