Stellantis’s Belvidere site has been mothballed since February 2023 after the carmaker temporarily discontinued production of the Jeep Cherokee crossover.
Europe-based auto giant Stellantis is expanding its American manufacturing, but social media claims that auto jobs would be moved from Canada to the United States after Donald Trump assumed the presidency are false.
Stellantis (NYSE: STLA), the parent company of Chrysler and Jeep, expressed optimism about adapting to U.S. policy changes announced by President Donald Trump. On Tuesday, Trump proposed a 25% tariff on imports from
The global car maker Stellantis has announced that it would be heavily focusing on investing in its US operations in the coming future, in order to increase its sales volume and market share.
President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor's legacy when it comes to electric vehicle promotion.
Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.
President-elect Donald Trump’s proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
Shawn Fain admits that the UAW does not agree with Trump on much of his domestic agenda but the union can find common ground with the new President
President Donald Trump’s first day back in at the White House resulted in a flurry of executive orders and actions. And though he didn't follow through on his much promised tariffs, he said they're coming soon — and they could lead to big problems for automakers.
Stellantis Chairman John Elkann revealed a series of significant U.S.investment plans during a meeting with President Donald Trump.Key elements of Stellantis' reworked investment strategy include producing a midsize pickup truck at the previously idled Belvidere Assembly Plant in Illinois plant 2027,
The changes under Donald Trump promise to be sweeping and will affect industries around the world, including the automotive sector.
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.