Stellantis to invest $406 million at 3 factories, a step toward meeting commitments in UAW contract
3 months, 4 weeks ago

Stellantis to invest $406 million at 3 factories, a step toward meeting commitments in UAW contract

Associated Press  

DETROIT — Jeep and Ram maker Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts to support a strategy of making vehicles powered by both gasoline and batteries. With its investment announcement Wednesday, the company is taking a step toward meeting some commitments that it agreed to in a new contract ratified last fall by the United Auto Workers union after a bitter six-week strike. Stellantis also said it will sink about $97.6 million into the Warren Truck Plant, also north of Detroit, so it can build electric versions of the Jeep Wagoneer large SUV, one of four Jeep EVs scheduled to be produced globally by the end of next year. Yet no date has been given for the company to restart the factory or to open a new battery plant and a new parts warehouse, both which were also promised in the contract agreement that ended the UAW’s strike against Stellantis last year.

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History of this topic

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants
1 month, 1 week ago

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

Associated Press  

DETROIT — A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The Energy Department didn’t directly answer a question about whether the loan would be funded before the inauguration, but said it would be irresponsible for …

Stellantis lays off about 400 salaried workers as automakers continue electric vehicle transition
9 months, 2 weeks ago

Stellantis lays off about 400 salaried workers as automakers continue electric vehicle transition

Associated Press  

DETROIT — Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles. Last year Stellantis offered buyout and early retirement packages to about 6,400 nonunion salaried workers, but it has not said how many took the offers. But during contentious contract talks last year with …

Stellantis lays off about 400 salaried workers to handle uncertainty in electric vehicle transition
9 months, 2 weeks ago

Stellantis lays off about 400 salaried workers to handle uncertainty in electric vehicle transition

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeep maker Stellantis is …

Auto Workers And Stellantis Reach Tentative Contract Deal That Follows Model Set By Ford
1 year, 2 months ago

Auto Workers And Stellantis Reach Tentative Contract Deal That Follows Model Set By Ford

Huff Post  

File - Picketers strike outside of the General Motors assembly plant, Tuesday, Oct. 24, 2023, in Arlington, Texas. General Motors and Jeep maker Stellantis will meet with United Auto Workers bargainers Thursday to see if they can reach a tentative contract agreement that mirrors a deal reached with crosstown rival Ford on Wednesday. via Associated Press DETROIT — Jeep maker …

UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory
1 year, 2 months ago

UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory

Associated Press  

DETROIT — Jeep maker Stellantis reached a tentative contract agreement with the United Auto Workers union on Saturday as it escalated strikes against General Motors by adding a plant in Tennessee. Like the Ford agreement, it will take just three years for new workers to get to the top of the assembly pay scale, the union said. The union also …

Union targets Stellantis factory, signals Ford and GM to improve offers
1 year, 2 months ago

Union targets Stellantis factory, signals Ford and GM to improve offers

Hindustan Times  

The United Auto Workers union has once again escalated its strikes against big Detroit automakers, this time adding a factory that makes Ram pickup trucks for Stellantis. The newest strike action comes just three days after union President Shawn Fain reported progress in talks with General Motors and Stellantis but said the companies will have to make better offers. By …

Stellantis reports progress in talks with auto workers and plans to make another offer Monday
1 year, 3 months ago

Stellantis reports progress in talks with auto workers and plans to make another offer Monday

Associated Press  

DETROIT — Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit’s three automakers. “We are on a good path and remain committed to reaching a tentative agreement.” UAW President Shawn Fain on Friday called counter offers from Stellantis, General Motors and Ford inadequate. On Friday, Stellantis, which …

Stellantis CEO dangles a potential factory relaunch as autoworkers say a strike is possible
1 year, 5 months ago

Stellantis CEO dangles a potential factory relaunch as autoworkers say a strike is possible

Associated Press  

MILAN — Stellantis CEO Carlos Tavares on Wednesday dangled a potential relaunch of a shuttered Illinois factory if it can be made more competitive as the United Auto Workers Union says a strike is possible. Tavares told reporters during an earnings conference call that the Belvidere factory, which was shut down indefinitely in the spring, could get a new production …

Stellantis Aims to Double Revenue by 2030; Plans to Roll Out EVs of Jeep SUVs, RAM Pickup Trucks
2 years, 10 months ago

Stellantis Aims to Double Revenue by 2030; Plans to Roll Out EVs of Jeep SUVs, RAM Pickup Trucks

News 18  

Stellantis aims to double revenue to 300 billion euros a year by 2030 and keep profit margins high, as it steps up efforts to roll out electric versions of its cars, profitable Jeep SUVs and RAM pickup trucks. The world's No.4 carmaker said in a strategy update on Tuesday it would have 75 battery electric vehicle models on the market …

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