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

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

Trump’s Mailbox Diplomacy Issues Fresh Tariff Letters Up to 70% Duties Worldwide

President Donald Trump has abandoned traditional bargaining in favor of a two-pager ultimatum, sending more...

Thursday, July 10, 2025, 07:21:00 AM

Trudeau Bends Over For Stellantis

Stellantis NV (NYSE: STLA) is likely to earn more subsidies for a new electric-vehicle battery...

Saturday, June 3, 2023, 03:35:00 PM

Trump Copper Tariff Announcement Sends Prices to Record Highs

Copper prices exploded to historic levels Tuesday after President Donald Trump declared during a White...

Wednesday, July 9, 2025, 10:38:00 AM

US Announces Major Tariff Hike on Chinese Graphite in Battery Trade War

US officials unveiled 93.5% import duties on Chinese graphite Thursday, escalating tensions over electric vehicle...

Friday, July 18, 2025, 02:17:00 PM

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