Volkswagen to sell majority stake in payments business to JPMorgan
JPMorgan said it plans to invest in and rebrand the payments business and expand its mobility-focused payments to other industries.
Dongfeng sells 1.15% of Stellantis for $710M as part of merger deals
The Chinese company sold 36.1 million shares as part of an agreement as a former PSA investor. Dongfeng retains a 4.5 percent stake in Stellantis.
Intel to set aside production in Ireland for auto chips
Intel could invest as much as 80 billion euros ($94.77 billion) in Europe over the next decade to boost the region’s chip capacity.
Ford hires away executive leading Apple’s car project
The automaker on Tuesday revealed that it’s bringing on Doug Field, who’s been a vice president in Apple’s special projects group.
Stellantis JV with GAC to close one of two plants
The joint venture will will transfer production from Guangzhou to Changsha.