Under the new deal, the groups said independent repair shops will continue to have access to the same diagnostic and repair information automakers make available to their authorized dealer networks even as technology evolves. That access also applies to telematics data needed to diagnose and repair a vehicle, if not otherwise available. It also covers…
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Stellantis and Vulcan sign a deal for French geothermal projects
Stellantis has signed a new agreement with Australia-listed lithium supplier Vulcan Energy Resources aiming to help decarbonize its European operations, the two groups said. As global demand for electric-vehicle batteries rises, Stellantis has signed deals with multiple miners to secure key minerals, including with Vulcan, in which the automaker is now the second largest investor….
M&A activity related to electric vehicles will decrease in the automotive industry in 2023
In value terms, electric vehicles-related deal activity increased by 425% in Q1 2023 compared with the previous quarter’s total of $419.2m and fell by 16% as compared to Q1 2022. Related deal volume decreased by 23% in Q1 2023 versus the previous quarter and was 19% lower than in Q1 2022. The top-ranked financial advisors…