Stellantis to revive Belvidere plant with $5bn US investments

Jan 28, 2025 · Stellantis has confirmed it will reopen its long-idled assembly plant in Belvidere, Illinois, marking a significant milestone for the automotive giant as it charts a path forward with a $5bn investment in US manufacturing.Following the carmaker’s announcement, however, the …

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Stellantis To Revive Belvidere Plant With $5bn US Investments

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Stellantis Plans US Investments Worth More Than $5bn - Financial …

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Jan 22, 2025 · The company’s US plans include a $1.2bn investment in its Belvidere assembly plant in Illinois that would support 1,500 jobs, according to a statement from senators Dick Durbin and Tammy Duckworth.

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Stellantis To Invest $1.2 Billion In Belvidere, Illinois Auto Plant Set ...

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Jan 22, 2025 · Stellantis to invest $1.2B in Belvidere, Illinois auto plant Stellantis' Belvidere Assembly Plant, was indefinitely idled at the end of February 2023. More than 1,000 people were put out of work.

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Stellantis Confirms New Midsize Truck And Dodge Durango For US ...

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Jan 22, 2025 · Back in 2023, Stellantis signed a contract with UAW, committing to a $1.5 billion investment in Belvidere for the production of “midsize trucks” by 2027. However, the facilities that were once ...

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Stellantis-UAW Deal Will Bring $5 Billion Investment And Thousands …

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Nov 3, 2023 · Eight months after “indefinitely” idling the Belvidere Assembly Plant, Stellantis has committed to investing nearly $5 billion to retool it for production of a new midsize truck, build an ...

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Stellantis To Delay Reopening The Shuttered Belvidere Assembly Plant

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Aug 20, 2024 · The UAW is threatening a national strike against Stellantis for allegedly violating a labor agreement reached last year in which it committed to investing $5 billion to restart the Belvidere plant ...

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Stellantis Plant In Belvidere, Illinois, Gets $334M From Feds For ...

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Jul 11, 2024 · The parent company of Chrysler, Dodge, Jeep, Fiat, and several other vehicle brands, Stellantis indefinitely idled the Belvidere plant at the end of February 2023, putting more than 1,300 ...

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UAW Local 1268 Sets New Expectation For Stellantis’ Reopening Of ...

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Dec 4, 2024 · In 2023, Stellantis agreed to a $5 billion investment in the plant, with a battery plant and electric midsize truck production on deck. By August, the company delayed Belvidere’s return due to ...

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Stellantis Announces Timeline For Belvidere Assembly Plant ... - Yahoo

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Nov 3, 2023 · Automaker Stellantis has committed to invest nearly $5 billion to retool the Belvidere Assembly Plant for new production, which includes a midsize pickup truck, adjacent electric vehicle battery ...

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FAQs about Stellantis to revive Belvidere plant with $5bn US investments Coupon?

Will stellantis reopen a plant in Belvidere?

The plant, located in Belvidere, closed last year after Stellantis decided to invest over one hundred million dollars in three plants in Indiana. Leaders plan to reopen the plant in Belvidere to build electric vehicles. ✍️ The assignment: Ensure the future of the auto industry is Made in America. ...

How much will stellantis invest in Belvidere?

Stellantis will invest $19 billion in assembly operations by the end of the four-year agreement, with $4.8 billion earmarked for Belvidere. The plan for Belvidere, outlined Thursday, includes investing $1.5 billion in the plant to build up to 100,000 units of an all-new midsize truck beginning in 2027. ...

How many jobs will stellantis have in Belvidere?

If the plant does operate on two shifts, Frantzen said that will likely put about 2,500 workers on the assembly line, opening the door for former employees to transfer back to Belvidere as well. In addition, Stellantis will invest $3.2 billion in an adjacent EV battery plant that will create a projected 1,300 jobs, according to the UAW. ...

When will stellantis reopen?

In late October, Stellantis announced plans to reopen the plant after reaching an agreement on a new labor contract with the United Auto Workers. The plant is expected to reopen sometime next year. There are also plans for a new Mopar distribution site and battery facility in Belvidere. ...

Why did stellantis invest $5 billion?

In November, Stellantis committed to investing nearly $5 billion to retool the plant for production of a new midsize truck, build an adjacent electric vehicle battery plant and create a “megahub” parts distribution center. ...

How many jobs will stellantis bring back?

U.S. Senate Democratic Whip Dick Durbin and Sen. Tammy Duckworth (D-Illinois) said the plant is also bringing back about 1,500 jobs. Stellantis will also be upgrading its U.S. auto plants across the country — investing $1.2 billion in the Belvidere plant, according to Durbin and Duckworth. ...