Monday, March 2, 2026

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

A 100,000 Ounce Per Year Gold Plan in Utah | Scott Trebilcock — Revival Gold

Can Australia Rival the Athabasca for Uranium? | Marnie Finlayson – DevEx Resources

This Could Be the Next Multi-Million Ounce Gold Camp | Mike Bennett

Recommended

Silver47 Launches 7,000-Meter Hughes Drill Program In Nevada

Advanced Gold Acquires Nevada Property With Historic Production At 1,611 g/t Silver

Related News

Will Coca-Cola Switch to Cane Sugar Just Because Trump Said They Would?

The Coca-Cola Company (NYSE: KO) offered a diplomatically worded response Wednesday after President Donald Trump...

Thursday, July 17, 2025, 03:44:00 PM

Auto Workers, Automakers Back To Negotiation Table As Firms Strike Back

The weekend brought the United Auto Workers (UAW) and major automakers back to the negotiation...

Monday, September 18, 2023, 02:04:00 PM

Trump Insists Trade Talks Underway, Beijing Firmly Denies

US President Donald Trump on Thursday insisted trade talks with China are taking place, directly...

Friday, April 25, 2025, 10:49:00 AM

Regulatory Changes Needed for Canadian Pipelines, Enbridge CEO Says

Enbridge Inc (TSX: ENB) Chief Executive Greg Ebel said on Tuesday that Canada should declare...

Thursday, March 6, 2025, 11:36:00 AM

Krugman: Trump’s Tariff “Fantasy” Is Collapsing

Nobel Prize-winning economist Paul Krugman has issued a sharp warning that President Donald Trump’s tariff...

Monday, April 28, 2025, 12:55:00 PM