Wednesday, August 6, 2025

Stellantis to Restore 1,500 Jobs at Shuttered Illinois Plant

Italian-American automaker Stellantis unveiled sweeping domestic investment plans Wednesday, pivoting toward US manufacturing operations just days after Chairman John Elkann met with President Donald Trump.

The company will resurrect operations at its dormant Illinois facility to build a new midsize pickup truck. The Belvidere plant revival will bring back 1,500 union workers, reviving a facility that became a focal point during the United Auto Workers’ six-week strike in late 2023.

Stellantis had agreed in 2023 to invest $3.2 billion in a new battery plant and $1.5 billion in Belvidere by 2027, but delayed these plans in August. The UAW filed unfair labor practice charges the following month over the delays.

“This victory is a testament to the power of workers standing together and holding a billion-dollar corporation accountable,” UAW President Shawn Fain said in a statement.

North America COO Antonio Filosa announced the company will keep next-generation Dodge Durango production in Detroit, addressing union concerns about potential plans to move the SUV’s production to Canada. 

The company will also upgrade tooling operations at its Toledo plant to make more critical components in-house for the Jeep Wrangler and Gladiator, while expanding its Kokomo, Indiana facility to produce a new four-cylinder engine.

A Stellantis spokesperson said the new Belvidere pickup truck will offer traditional gasoline, plug-in hybrid, and fully electric versions. 

The announcements come as Trump considers imposing 25% duties on imports from Mexico and Canada starting February 1. The investments also mark the first major strategy shift since CEO Carlos Tavares stepped down in December.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

No Relief for Shein and Temu Customers as White House Maintains Small Package Tariffs

Despite a new trade deal that temporarily reduces tariffs on many Chinese goods, the White...

Tuesday, May 13, 2025, 07:32:00 AM

Major IPOs Shelved as Trump’s Tariff Announcement Rattles Markets

At least two major companies have postponed their initial public offerings following market turbulence triggered...

Monday, April 7, 2025, 07:30:40 AM

Canada Is Nearly Last In Growth Among OECD Countries

Canada ranks near the bottom of OECD countries in real GDP per capita growth from...

Sunday, April 27, 2025, 07:47:00 AM

Macron-Aligned Renew Europe Blasts “Unbalanced” US-EU Deal As Bloc Fact-Checks Trump’s Claims

Just hours after the US and EU reached a trade agreement, significant dissent has emerged...

Tuesday, July 29, 2025, 11:34:00 AM

Trump Tariffs Hits Ottawa With 35% Levy on Canadian Imports

President Donald Trump has warned that all Canadian goods not shielded by the USMCA will...

Friday, July 11, 2025, 10:36:00 AM