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Archer Aviation announces manufacturing relationship with Stellantis worth $400 million
archer
Evan Newton
Published: Aug 9, 2024, 7:57 PM
Key terms for a manufacturing deal between aircraft company Archer Aviation and automaker Stellantis have been announced. According to Archer Aviation’s Q2 2024 newsletter released on Aug. 8, Stellantis will contribute up to $400 million that will assist in covering manufacturing labor costs and certain capital expenditures as Archer’s new facility in Covington.
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