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Stellantis invests more than $100 million in California lithium project

Stellantis said it would invest more than $100 million in California's Controlled Thermal Resources, its latest bet on the direct lithium extraction (DLE) sector amid the global hunt for new sources of the electric vehicle battery metal. The investment by the Chrysler and Jeep parent announced on Thursday comes as the green energy transition and U.S. Inflation Reduction Act have fueled concerns that supplies of lithium and other materials may fall short of strong demand forecasts. DLE technologies vary, but each aims to mechanically filter lithium from salty brine deposits and thus avoid the need for open pit mines or large evaporation ponds, the two most common but environmentally challenging ways to extract the battery metal. Stellantis, which has said half of its fleet will be electric by 2030, also agreed to nearly triple the amount of lithium it will buy from Controlled Thermal, boosting a previous order to 65,000 metric tons annually for at least 10 years, starting in 2027. "This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. The company plans to spend more than $1 billion to separate lithium from superhot geothermal brines extracted from beneath California's Salton Sea after flashing steam off those brines to spin turbines that will produce electricity starting next year. That renewable power is expected to cut the amount of carbon emitted during lithium production. Rival Berkshire Hathaway has struggled to produce lithium from the same area given large concentrations of silica in the brine that can form glass when cooled, clogging pipes. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. DLE equipment licensed from Koch Industries would then remove the lithium. "We're very happy with the equipment," he said. "We're going to deliver. There's just no doubt about it." Stellantis CEO Carlos Tavares called the Controlled Thermal partnership "an important step in our care for our customers and our planet as we work to provide clean, safe and affordable mobility." Both companies declined to provide the specific investment amount. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Goldman Sachs is leading the search for additional debt and equity financing, he added.

Ram 1500 Rebel TRX and Jeep Grand Wagoneer | Autoblog Podcast #642

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by News Editor Zac Palmer. The big news this go-around is the reveal of the 2021 Ram Rebel TRX and Jeep previewing the 2022 Grand Wagoneer. They also discuss a mysterious BMW M8 mule and the F1-inspired Delage D12. Next, they talk about driving the Lincoln Navigator and Mercedes-AMG C 63 S Coupe before revisiting a recent "Spend My Money" segment with an update from the sender. Autoblog Podcast #642 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2021 Ram Rebel TRX debuts as a Hellcat-powered, desert-running Raptor killer Jeep previews 2022 Grand Wagoneer again What's hiding beneath this mystery BMW M8 mule? (Update) Historic French brand Delage returns with the D12 Cars We're Driving: 2020 Lincoln Navigator 2020 Mercedes-AMG C 63 S Coupe Spend My Money update Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

2020 Ram EcoDiesel gets a price, will be a $4,995 option

Ram just officially announced pricing for the 2020 Ram 1500 EcoDiesel pickup truck. The cheapest diesel you’ll be able to buy starts at $38,585, including the $1,695 destination charge. That price gets you the Tradesman Quad Cab with rear-wheel drive. As a standalone option, the engine is listed at $4,995, which makes it the priciest engine on the Ram 1500Â’s list of powertrains. The next most expensive engine is the 5.7-liter V8 eTorque powertrain, which lists for $2,645 on RamÂ’s 2019 configurator. YouÂ’ll be able to get the EcoDiesel engine on any trim, including the Ram Rebel — this marks the first time that the Rebel is offered with a diesel option. The base price of only $38,585 on the Tradesman trim makes it the cheapest diesel option of the bunch, with both FordÂ’s and ChevyÂ’s diesel engines coming in at higher trims and higher prices. FordÂ’s F-150 Power Stroke starts at $46,255, and the Silverado Duramax comes in at $42,385. Step up to comparable trim levels in the Ram, and things get more competitive. However, if you want the cheapest diesel out there, the Ram is your best bet. What youÂ’re getting is a 260-horsepower 480-pound-foot 3.0-liter turbocharged V6 engine. The max towing capacity is also the highest among the three at 12,560 pounds. You can pair rear-wheel drive or four-wheel drive with the engine.  WeÂ’re still waiting on EPA fuel economy figures, but itÂ’ll be difficult to beat the Chevy Duramax in this area. That truck is capable of 33 mpg on the highway, while the F-150 can hit 30 mpg in its most fuel-efficient trim. Chevy says it gave a little bit up in towing to hit that spectacular figure, so weÂ’ll be curious to see what the towing king of the segment will be able to muster. Ram says the numbers will be available when the truck goes on sale early in the fourth quarter this year. Until then, the 2019 Ram 1500 Classic is available with the previous-generation EcoDiesel engine, and it can be had for $40,835.