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

Eldorado Gold: The $3.8 Billion Foran Mining Acquisition

Silver Tiger’s $2.35B Silver Blueprint: Two Mines, One Perfect Metals Market

Gold Is At Records. Barrick Mining Is Printing Cash. The Stock Still Fell. | Q4 Earnings

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Stellantis CEO Tavares Resigns After Board Dispute

Stellantis NV (NYSE: STLA) Chief Executive Carlos Tavares has stepped down following a dispute with...

Monday, December 2, 2024, 07:34:52 AM

China’s 25,000 Ton Gold Stash:  Preparing to Kill the Dollar? | Craig Hemke

In this interview, Craig Hemke from TF Metals Report provides a dive into the complex...

Thursday, April 17, 2025, 02:14:00 PM

US Warns Blanket 10% Levy To 100 Nations as Truce on Trump Tariffs Runs Out

The 90-day truce that has kept most of President Donald Trump’s “reciprocal” import taxes at...

Monday, July 7, 2025, 10:44:00 AM

Canada To Adjust Steel Tariffs Against US On July 21

Canada will adjust its retaliatory tariffs against US steel and aluminum imports on July 21,...

Friday, June 20, 2025, 11:17:00 AM

US Implements EU Trade Deal, Cuts Auto Tariffs to 15%

The Trump administration on Wednesday formally implemented its trade agreement with the European Union, confirming...

Friday, September 26, 2025, 12:53:00 PM