The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.
Stellantis' chairman detailed several plans for U.S. investments when meeting with President Donald Trump before his Monday inauguration.
The efforts of the United Auto Workers bureaucracy to collaborate with Trump, based on their shared "America First" economic nationalism, have accelerated in since the inauguration.
Stellantis plans to produce a new mid-size pickup truck at its Belvidere plant by 2027, bringing back 1,500 UAW-represented jobs.
(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.
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.
Stellantis faces significant operational challenges and competition despite being a major automotive manufacturer, leading the analyst to maintain a hold rating on the stock.
According to an email, Stellantis Chair John Elkann met with President Donald Trump and discussed the company's plan to reopen the Belvidere plant.
Stellantis NV is recommitting to US factory investments agreed to more than a year ago as the maker of Jeep sport utility vehicles seeks the good graces of President Donald Trump.
WASHINGTON/DETROIT (Reuters) - Chrysler parent Stellantis is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, the company said on Wednesday, ending months of conflict with the United Auto Workers union over delays, and strengthening its U.S. production footprint as President Donald Trump takes office.
Stellantis will also be upgrading its U.S. auto plants across the country — investing $1.2 billion in the Belvidere plant.