Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production

URLhttps://www.reuters.com/business/autos-transportat
SourceReuters
Date Published07/11/2024
Author NameDavid Shepardson

Additional Reshoring Information:

Company/Division name Stellantis
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):3000
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):1100
Country(ies) from which reshored:Netherlands
City reshored to:Auburn Hills
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEVs
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$1.1 billion in grants
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