UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant

South Africa News News

UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
South Africa Latest News,South Africa Headlines
  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

The largest investments under the deal include $1.5 billion each for Belvidere Assembly in Illinois, a Dodge-Jeep plant in Detroit and a Jeep complex in Ohio.

The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9 billion in the U.S. by April 2028.

The deal was reached after roughly six weeks of targeted labor strikes by the union against Stellantis, General Motors and Ford Motor.plans to invest $18.9 billion in the U.S. by April 2028, including $1.5 billion for new midsize pickup truck production at an idled factory in Belvidere, Illinois. Details of the tentative agreement were released Thursday night after local UAW leaders approved the pact, which UAW President Shawn Fain called the"most lucrative contract our union has won in decades."

In addition to Belvidere investments, the deal also promises $1.5 billion each to a Dodge-Jeep plant in Detroit and Jeep complex in Ohio; $1.4 billion at a Ram plant in Sterling Heights, Michigan; and $600 million for Stellantis' Warren Truck plant in suburban Detroit.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nbcchicago /  🏆 545. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UAW leaders send Stellantis contract deal to members for vote -sourceUAW leaders send Stellantis contract deal to members for vote -sourceUAW leaders send Stellantis contract deal to members for vote -source
Read more »

UAW leadership to discuss new deal with StellantisUAW leadership to discuss new deal with StellantisUAW leadership breaks down Stellantis deal.
Read more »

UAW leaders send Stellantis contract deal to members for vote -sourceUAW leaders send Stellantis contract deal to members for vote -sourceUnited Auto Workers union leaders on Thursday agreed to send a tentative contract agreement with Chrysler-parent Stellantis (STLAM.MI) to members for a ratification vote, a source told Reuters.
Read more »

UAW’s Six-Week Strike Was Barely a Speed Bump for Jeep’s HometownUAW’s Six-Week Strike Was Barely a Speed Bump for Jeep’s HometownThe United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company is the last of the three Detroit automakers to reach a new tentative labor deal.
Read more »

Shoppers Are 'Shocked' at How Well This $18 Retinol Lotion Reduces Wrinkles and Sagging SkinShoppers Are 'Shocked' at How Well This $18 Retinol Lotion Reduces Wrinkles and Sagging SkinMedix 5.5’s Retinol + Ferulic Acid Age Rewind Body Lotion is on sale on Amazon. Shop the firming and wrinkle-reducing product for $18.
Read more »

UAW members at first Ford plant to go on strike overwhelmingly OK new contractUAW members at first Ford plant to go on strike overwhelmingly OK new contractMembers of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, west of Detroit voted 82% in favor of the four year-and-eight month deal
Read more »



Render Time: 2025-02-26 11:36:07