The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.
Big Three automaker Stellantis (STLA) is making a number of US moves in response to the new Trump administration and its focus on building products in America. In a letter to employees, Stellantis North America COO Antonio Filosa acknowledged that group chairman John Elkann met with Trump ahead of his inauguration and noted Trump’s “enthusiasm”
Stellantis, one of America’s largest automakers, announced plans to build a new mid-size pickup truck at its Belvidere plant by 2027.
Stellantis announced plans Wednesday to reopen the Belvidere Assembly Plant in 2027 with plans to build a new vehicle.
(Reuters) - Chrysler parent Stellantis is recalling 63,082 crossover SUV's in the United States over concerns of loss of drive power due to a power transfer unit issue, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain 2017-2019 model year Jeep Cherokee vehicles.
Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
Stellantis (STLA) closed the most recent trading day at $13.11, moving -0.83% from the previous trading session.
Automaker Stellantis plans to produce a new midsize pickup truck at the assembly plant near Rockford. The move will put about 1,500 UAW-represented employees back to work.
The news, announced in a letter to employees from North America Chief Operating Officer Antonio Filosa on Wednesday, also provided some good news to workers in Detroit, where the next generation Dodge Durango will be built and those in Toledo, Ohio, and Kokomo, Indiana, where investments are planned.
The UAW believed the company was going back on its plant investment commitments. Now, as Trump takes office, the automaker has renewed its U.S. plans.
An internal memo reveals future investments in Stellantis' US plants, discussed during John Elkann's recent meeting with Donald Trump