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Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall

Trump tells Detroit 3 CEOs he wants more US jobs, calls environmentalists 'out of control'

As expected, President Donald J. Trump met with top executives from FCA, Ford, and General Motors this morning as part of a larger push to generate jobs in America. "I want new plants to be built here for cars sold here!", Trump said in a tweet ahead of the meeting. Not everything said in the meeting was made public, but the President later tweeted that he had a "Great meeting with automobile industry leaders." FCA CEO Sergio Marchionne, Ford chief Mark Fields, and GM's Mary Barra all echoed the positive vibes after the meeting. In a statement, Barra called the discussion "very constructive and wide-ranging," adding that it focused on "policies that support a strong and competitive economy and auto industry," and "that supports the environment and safety." That's noteworthy, because Trump is reported to have said "I am to a large extent an environmentalist. I believe in it, but it's out of control." Fields, speaking to reporters after the meeting, said, "We're excited about working together with the president and his administration on tax policies, on regulation and on trade to really create a renaissance in American manufacturing." The Ford CEO was specifically talking about Trump's withdraw from the Trans-Pacific Partnership. "We've repeatedly said that the mother of all trade barriers is currency manipulation, and TPP failed in meaningfully dealing with that, and we appreciate the president's courage to walk away from a bad trade deal," he said. Marchionne focused on American manufacturing in his statement after the meeting. "I appreciate the President's focus on making the US a great place to do business. We look forward to working with President Trump and members of Congress to strengthen American manufacturing." Perhaps equally as interesting as what was said and who was invited are what wasn't said and who wasn't invited. Trump has been very vocal about his distaste for US automakers' plants in Mexico, but no mention was made of the North American Free Trade Agreement by Trump or any of the Detroit CEOs after the meeting. We also have to wonder if Trump plans to meet with representatives from German, Japanese, and Korean automakers that have made massive investments into American plants and produce a large number of cars in this country. Related Video: News Source: Reuters, General Motors, Fiat Chrysler Automotive, Donald J.

Dodge Challenger ACR rumored finally on its way using Viper ACR as benchmark

In 1995, Dodge released the ACR Neon, an unlikely combination of cheap, compact American sedan and high-performance parts and engineering marked by initials standing for American Club Racer. Dodge sold a heap of them, so the automaker flexed the ACR brand's potential with the first ACR Viper in 1999. The racy coupes made huge noise for Dodge and the Viper. After the fourth-gen Viper ended production in 2010, Dodge took a Challenger ACR concept to SEMA in 2011. But instead of carrying the coupe to production, Dodge resurrected the Viper for 2013 and got one more Viper ACR model out during the last Viper's final years. With the Viper gone again, it appears Dodge is sorting out that Challenger ACR concept for real. Last October, Mopar Insiders reported the automaker was trying to get a Challenger ACR prepared for the model's 50th anniversary this year. The timing looks highly unlikely, but an Allpar source says the track-happy coupe is still coming, and with bonkers expectations and gear. We're talking about a big-boi widebody Challenger tuned to do hard laps, fast, around twisty circuits, all day long. An Allpar insider known as "Muther," a code name to tug at John le Carre's heart, said Dodge is considering two engines. Because the point of the car is to be raced and some series don't accept forced induction, one trim would fit the naturally aspirated 392 Hemi from the R/T Scat Pack. There's no telling if that motor would get a power bump, but the Challenger ACR concept upped its output slightly with measures like a cat-back exhaust. The other trim, naturally, would fit the 6.2-liter Hellcat Redeye V8.     Muther told Allpar that if engineers can get the car under 4,000 pounds, the math points to being within two seconds of the time set by the Viper ACR-E at Road America. That "E" represents the Extreme Aero Package, with addenda like a deeper front splitter, dive planes, and an adjustable, dual-element rear wing that helped the Viper ring up 14 lap records on U.S. tracks. The fastest time we know of for a Viper at Road America is from 2011, factory race driver Kuno Wittmer doing 2:20 even in a Gen IV Viper ACR. Wittmer's ride weighed 3,408-pounds. Dodge boffins want to get the Challenger ACR under 4,000 pounds. Achieving the weight goal would mean cutting at least 387 pounds from a standard R/T Scat Pack Widebody, and 512 pounds from the Hellcat Redeye Widebody if that trim has the same target.