Canada autoworker union: Stellantis considering sale of Canada plant

The Trump administration announced a $3 billion federal investment in U.S. critical-minerals projects tied to EV and battery supply chains, including a $1.4 billion conditional Pentagon loan to Sila Nanotechnologies for silicon anode materials. Lithium Americas received the first $435 million draw from a $2.23 billion DOE loan for Thacker Pass. Other funding includes graphite and magnet projects.

Detroit automakers say proposed changes to a revised U.S.-Mexico-Canada trade deal could raise costs by at least $2 billion annually per company, Reuters reported. The U.S. wants 50% U.S.-made content for lower tariffs and higher North American content. GM expects $2.5B to $3.5B gross tariff expenses this year; Ford estimates about $1B net. Ford will shift Lincoln production to U.S. from China.

Detroit automakers warned that proposed changes to the U.S.-Mexico-Canada trade deal could add billions in annual costs. A 50% U.S.-made content rule and higher North American content could raise expenses by at least $2B per automaker, on top of existing tariffs. GM expects $2.5B-$3.5B gross costs; Ford estimates about $1B net. Ford will shift Lincoln production from China to U.S. factories.

Reuters reports Detroit automakers plan to tell the Trump administration that proposed changes to a revised North American trade deal could add billions in annual costs. A U.S. proposal for at least 50% U.S.-made content and higher North American content could cost each automaker at least $2B/year, on top of existing tariffs. GM expects $2.5B-$3.5B tariff gross costs in 2025; Ford estimates about $1B net.

The Trump administration is shifting EV policy by scrapping consumer EV tax credits and stalling charging funding, while also launching support for EV supply chains. It unveiled $3 billion for critical mineral projects and Ex-Im Bank loans, including $25 million for Westwater Resources’ graphite processing plant. It also backed Sila Nanotechnologies with $1.4 billion and Niron Magnetics with $150 million.

FCA US, a unit of Stellantis NV, recalled 48,777 vehicles due to rear outboard seat belts that may twist and fail to retract or maintain tension. The recall covers 40,386 2023-25 Dodge Hornets and 8,391 2023-26 Alfa Romeo Tonales. FCA US reported no injuries but 484 warranty claims, and said Autoliv ASP supplied the belt parts.