Stellantis appears to be feeling the pressure from the union as it announces plans to invest more than $406 million in three Michigan plants “to execute (a) multi-energy strategy,” which calls for producing battery-electric, hybrid and internal-combustion vehicles.
Tier 1 suppliers are caught between changing consumer demand and their automaker customers’ plans. Magna International CEO Swamy Kotagiri, one of the leading CEOs in the auto industry, talks to WardsAuto about the challenges of electrification and BEV startups.
