Renault Could Sell Russian Ops for 1 Cent; GM Hints at European Return – Autoline Daily 3316

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0:10 GM Hints at European Return
0:53 $500 Million Worth of Luxury Cars Stuck in Belgium
1:29 Renault Could Sell Russian Ops for 1 Cent
2:05 U.S. Giving Dealers Tax Relief
3:26 GM & Ford Get Credit Upgrades
4:21 Top 10 Automakers in China
5:09 Mach-E Gets Towing, Charging Upgrades in Europe
6:38 Stellantis to Invest Nearly $3 Billion in Canada
7:03 Stellantis Doubles Down on Mobility Services
7:41 Raw Materials Aplenty for 14 Million EVs
8:25 Biden Admin Provides $3 Billion for EV Batteries

Story Links:
– GM Hints About Going Back to Europe: https://www.freep.com/story/money/cars/general-motors/2022/05/03/gms-barra-we-can-reenter-europe-all-ev-player/9620090002/

– Luxury Cars Stuck at Port in Belgium: https://www.wsj.com/articles/sanctions-strand-thousands-of-russia-bound-luxury-cars-11650726000

– Renault Could Sell Russian Ops for Cheap: https://www.wsj.com/articles/renault-in-talks-to-sell-russia-business-for-one-ruble-11651085654

– GM & Ford Get Credit Upgrades: https://www.fitchratings.com/research/structured-finance/best-and-worst-case-scenario-ratings-by-sector-an-analysis-of-credit-ratings-over-three-year-periods-for-2002-2016-27-03-2020

– Top 10 Automakers in China: https://autonews.gasgoo.com/china_news/70020249.html

– Mach-E Upgrades for Europe: https://media.ford.com/content/fordmedia/feu/en/news/2022/05/03/mustang-mach-e-gets-towing-capacity-boost-as-fords-all-electric-.html

– Stellantis Canada Investment: https://media.stellantisnorthamerica.com/newsrelease.do?id=23747&mid=1

– Free2Move Buys Share Now: https://www.media.stellantis.com/em-en/corporate-communications/press/free2move-reinforces-its-worldwide-leadership-in-mobility-business-by-acquiring-share-now

– EV Battery Raw Material Supply: https://www.reuters.com/business/autos-transportation/enough-nickel-lithium-14-mln-evs-2023-european-climate-group-2022-05-02/

– U.S. Provides $3 Billion for EV Batteries: https://www.reuters.com/business/autos-transportation/us-spend-more-than-3-bln-ev-battery-manufacturing-white-house-2022-05-02/

– To read the transcript for today’s show click here: http://www.autoline.tv/daily/?p=81488#more-81488

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