1973 Opel Gt on 2040-cars

Auto blog

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

Submit your questions for Autoblog Podcast #299 LIVE!

We record Episode #299 of the Autoblog Podcast tonight, and you can drop us your questions and comments via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #299
2013 Honda Accord

Junkyard Gem: 1957 Opel Olympia Rekord P

Starting in the middle 1950s, General Motors made a real effort to sell Americans its vehicles built on the other side of the Atlantic. Pontiac dealers here got the British-built Vauxhall Victor, while Buick dealers sold the Victor's cousin, the German-built Opel Olympia. We saw a discarded '58 Victor Super Estate a few years back, and today's Junkyard Gem showed up recently at the very same car graveyard in northeastern Colorado. The Olympia name goes way back in Opel history, when the 1936 Berlin Olympic Games inspired its selection. You'd think that the notoriety of the 1936 Olympics as a Nazi Party propaganda festival might have encouraged Opel to change the car's name after World War II, but Olympia badges went on various Opels (with some pauses) through 1970. Just as the Malibu name began its life as a trim-level designation for the Chevelle, so did the Rekord name get appended onto the Olympia. The Rekord name eventually took over completely, with the last Rekords coming off the assembly line in 1986. The "P" in this car's name comes from the panoramic wraparound front and rear glass, a feature inspired by the gorgeous machinery coming from GM's Detroit car divisions at the time. Starting in 1959, this model became known as just the Opel Rekord. The influence from snouts seen on the 1955 Buick and 1955 Oldsmobile is unmistakable. There's a great deal of 1956 Chevrolet inspiration visible in the side view. The MSRP for this car in the United States was $1,995, which amounts to $21,818 in 2023 dollars. The similar 1957 Vauxhall Victor sedan cost $1,988 here ($21,741 in today's money). The cheapest possible 1957 Chevrolet four-door sedan (the One-Fifty with straight-six engine and three-on-the-tree manual transmission) cost $2,048 ($22,397 now). Of course, this Opel would have been in a showroom with far more upscale 1957 Buicks, which started at $2,660 ($29,090 after inflation) for a four-door. Still, this was a small car that got good fuel economy and was easy to park, yet boasted up-to-the-minute American styling. Buick dealers managed to move some of them here, though Opels became far more commonplace on our roads starting in the late 1960s. Yes, I bought this beautiful hood ornament; it now lives on my garage wall. The engine is a 1.5-liter overhead-valve straight-four, rated at 51.3 horsepower and 78.8 pound-feet. The ancestry of this engine goes all the way back to the 1937 Olympia.