• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
Stellantis Will Restart Illinois Factory That U.A.W. Pushed to Revive

Stellantis Will Restart Illinois Factory That U.A.W. Pushed to Revive

January 23, 2025
What Happens if Bitcoin Reaches $1 Million?

What Happens if Bitcoin Reaches $1 Million?

August 14, 2025
Google’s Gemini AI will get more personalized by remembering details automatically

Google’s Gemini AI will get more personalized by remembering details automatically

August 14, 2025
Windows 10 users looking for a new OS? Apple’s $599 MacBook can’t come at a better time

Windows 10 users looking for a new OS? Apple’s $599 MacBook can’t come at a better time

August 14, 2025
Soft Manager – Trading Ideas – 5 August 2025

Smart Loss Reduction: Cutting Risk When Trades Recover – Other – 13 August 2025

August 14, 2025
Stocks making the biggest moves midday: PSKY, CAVA, CPRI, SAIL

Stocks making the biggest moves midday: PSKY, CAVA, CPRI, SAIL

August 14, 2025
Why a Fed rate cut could lead to bad news for Big Tech stocks

Why a Fed rate cut could lead to bad news for Big Tech stocks

August 14, 2025
investingLive Asia-Pacific FX news wrap: Yen rises on Bessent meddling, hits Nikkei

investingLive Asia-Pacific FX news wrap: Yen rises on Bessent meddling, hits Nikkei

August 14, 2025
The Australian dollar has jumped alongside the huge surge in full time employment data

The Australian dollar has jumped alongside the huge surge in full time employment data

August 14, 2025
Bitcoin leverage hits 5-year high – How ONE move could trigger pullback

Bitcoin leverage hits 5-year high – How ONE move could trigger pullback

August 14, 2025
Older student loan delinquencies reach 18% in Q2 2025

Older student loan delinquencies reach 18% in Q2 2025

August 14, 2025
Crypto Lawyer Signals Challenge To NY AG With Lawfare Message

Crypto Lawyer Signals Challenge To NY AG With Lawfare Message

August 14, 2025
I found a 36-in-1 multitool that absolutely belongs in your kitchen drawer – here’s why

I found a 36-in-1 multitool that absolutely belongs in your kitchen drawer – here’s why

August 14, 2025
Thursday, August 14, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Market Updates

Stellantis Will Restart Illinois Factory That U.A.W. Pushed to Revive

by Investor News Today
January 23, 2025
in Market Updates
0
Stellantis Will Restart Illinois Factory That U.A.W. Pushed to Revive
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Stellantis, the corporate that owns Chrysler and Jeep, mentioned on Wednesday it deliberate to reopen a manufacturing unit in Illinois and enhance manufacturing elsewhere in the USA, a transfer that’s more likely to resolve a number of simmering disputes with the United Car Staff union.

The reopening can be doubtless to assist the corporate in its relations with the Trump administration, and is among the many first huge adjustments made by an interim administration workforce that has been working the corporate since its chief government, Carlos Tavares, resigned in December.

“These actions are a part of our dedication to put money into our U.S. operations to develop our auto manufacturing and manufacturing right here,” Antonio Filosa, the corporate’s chief working officer in North America, mentioned in a press release.

The announcement follows a current assembly between Stellantis’s chairman, John Elkann, and President Trump, the corporate mentioned. Mr. Elkann advised the president that Stellantis, whose headquarters are in Amsterdam, aimed to strengthen its U.S. manufacturing base and was dedicated to safeguarding American jobs and to the broader U.S. economic system.

Stellantis, which additionally owns Fiat, Dodge, Ram and Peugeot, idled the Illinois plant, in Belvidere, in early 2023. Later that 12 months, it agreed in a brand new contract with the U.A.W. to reopen it. In August 2024, the corporate mentioned it was delaying the reopening after its gross sales and revenue tumbled.

The U.A.W. responded by submitting grievances with the Nationwide Labor Relations Board, alleging that Stellantis was not abiding by the 2023 contract.

Stellantis mentioned on Wednesday that it deliberate to make a medium-size pickup truck in Belvedere, and that it might rehire some 1,500 union employees.

The corporate additionally mentioned it might transfer ahead with plans to supply a brand new Dodge Durango sport-utility car at a plant in Detroit. The U.A.W. had feared Stellantis was getting ready to maneuver manufacturing of the car to Mexico, and the union had filed grievances on that difficulty as properly.

“This victory is a testomony to the ability of employees standing collectively and holding a billion-dollar company accountable,” the U.A.W. president, Shawn Fain, mentioned in a press release on Wednesday. “We’ve proven that we are going to do what it takes to guard the great union jobs which are the lifeblood of locations like Belvidere, Detroit, Kokomo and past.”

The White Home press workplace didn’t instantly reply to a request for remark.

In its assertion, Stellantis additionally mentioned it might make investments in its crops in Toledo, Ohio, the place it makes the Jeep Wrangler and Gladiator fashions. Extra investments may also come to an engine plant in Kokomo, Ind., the corporate mentioned.



Source link

Tags: factoryIllinoisPushedRestartReviveStellantisU.A.W
Share196Tweet123
Previous Post

‘Neo-Nazi Madness’: Meta’s Top AI Lawyer on Why He Fired the Company

Next Post

Trump set to sign executive order

Investor News Today

Investor News Today

Next Post
Trump set to sign executive order

Trump set to sign executive order

  • Trending
  • Comments
  • Latest
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Niels Troost has a staggering story to tell about how he got sanctioned

Niels Troost has a staggering story to tell about how he got sanctioned

December 14, 2024
Housing to remain weakest part of economy in the 2nd half, Goldman says

Housing to remain weakest part of economy in the 2nd half, Goldman says

August 4, 2025
Best High-Yield Savings Accounts & Rates for January 2025

Best High-Yield Savings Accounts & Rates for January 2025

January 3, 2025
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
What Happens if Bitcoin Reaches $1 Million?

What Happens if Bitcoin Reaches $1 Million?

August 14, 2025
Google’s Gemini AI will get more personalized by remembering details automatically

Google’s Gemini AI will get more personalized by remembering details automatically

August 14, 2025
Windows 10 users looking for a new OS? Apple’s $599 MacBook can’t come at a better time

Windows 10 users looking for a new OS? Apple’s $599 MacBook can’t come at a better time

August 14, 2025
Soft Manager – Trading Ideas – 5 August 2025

Smart Loss Reduction: Cutting Risk When Trades Recover – Other – 13 August 2025

August 14, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today