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.Randy Harvard , an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis' Ram 1500 plant in Sterling Heights, Mich.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."The work stoppages began Sept. 15 after the sides failed to reach deals covering 146,000 UAW members with the automakers by a strike deadline.
The union said the company also plans to invest $3.2 billion in a new joint-venture battery plant that's slated to open in 2028. The deal further lists previously announced battery investments of $6.2 billion for two joint-venture battery facilities in Kokomo, Indiana., the deal includes significant pay increases, bonuses and other enhanced benefits for autoworkers such as profit-sharing payments and a $5,000 ratification bonus.
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