Saturday, March 21, 2026

Latest

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

The $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Steadright Closes Out Financing, Raising $1.6 Million For Moroccan Strategy

Related News

Trump’s Tariff Tightrope: US Mulls Rollback On Tariffs After Retaliatory Moves

After months of threats and sweeping declarations, President Donald Trump appears poised to soften his...

Thursday, March 6, 2025, 10:02:00 AM

Markets In Turmoil Fueled By Tariff-Induced Crashes

US markets appear locked in a downward spiral on Monday, marking a third consecutive trading...

Monday, April 7, 2025, 12:40:58 PM

Oil Tariffs: Lose-Lose For Both Canada And US, Study Finds

A Goldman Sachs study projects a lose-lose situation for both Canadian oil producers and American...

Thursday, February 27, 2025, 11:01:00 AM

How Tariffs Became US’s New Swiss Army Knife

While mainly an economic tool, tariffs are now being used to chase security objectives and...

Saturday, August 16, 2025, 09:24:00 AM

Trump Delays Suspension of De Minimis Provision Against China

The Trump administration announced on Friday a delay in suspending the de minimis provision, a...

Saturday, February 8, 2025, 01:12:00 PM