Stellantis idles Illinois plant, takes step toward closure

Canada News News

Stellantis idles Illinois plant, takes step toward closure
Canada Latest News,Canada Headlines
  • 📰 fox32news
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Stellantis is moving closer to closing its factory in Belvidere, Illinois, as it prepares for the costly transition from internal combustion to electric vehicles.

, as it prepares for the costly transition from internal combustion to electric vehicles.

Belvidere’s future is likely to be a lightning-rod issue in national contract talks coming up this summer with the United Auto Workers union, one that could bring a painful strike."This economic dislocation is a choice made by Stellantis to reap even higher profit," union Vice President Rich Boyer said in a statement. "We will highlight their corporate greed to workers, community, taxpayers, and consumers.

He said the company is not seeking specific concessions from the Belvidere plant. "This is a global issue. This is not a Belvidere issue," he said.

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:

fox32news /  🏆 547. in US

Canada Latest News, Canada Headlines

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

Stellantis idles Belvidere plant as last Jeep Cherokee rolls off the line - AutoblogStellantis idles Belvidere plant as last Jeep Cherokee rolls off the line - AutoblogStellantis moves closer to closing its factory in Belvidere, Illinois, as it prepares for the costly switch from internal combustion to electric vehicles.
Read more »

Stellantis seeks 'solution' for shuttered Illinois Jeep plant, CEO saysStellantis seeks 'solution' for shuttered Illinois Jeep plant, CEO saysStellantis NV Chief Executive Carlos Tavares said the automaker is 'looking for a solution' for an Illinois assembly plant scheduled to stop producing Jeep SUVs on Tuesday, but the high costs of producing electric vehicles there may make it hard to keep the plant open.
Read more »

Stellantis Idles Illinois Plant, Takes Step Toward ClosureStellantis Idles Illinois Plant, Takes Step Toward ClosureThe factory, which employs about 1,350 workers, officially was placed on “idle” Tuesday; that term means the company intends to shut down the plant. Belvidere’s future is likely to be an issue in national contract talks coming up with the United Auto Workers union, one that could bring a strike.
Read more »

As an Illinois auto factory closes, layoffs and economic worries extend into surrounding cityAs an Illinois auto factory closes, layoffs and economic worries extend into surrounding cityOver a thousand automotive workers in Illinois will clock out of a Jeep assembly plant for the last time Tuesday, stopping what a local union president described as the 'heartbeat' of the small city.
Read more »

Does Market Share Really Make Car Firms More Money? | CarscoopsAnalyst contrasts profitability of Hyundai and Stellantis groups, which have different strategies to generate cash
Read more »



Render Time: 2025-02-27 13:10:05