Stellantis to temporarily lay off 900 US workers
Digest more
Top News
Impacts
Stellantis is also temporarily laying off 900 U.S. workers while it "assesses the effects" of the new import taxes.
From Yahoo
Wall Street's major indexes plunged on Thursday, as President Donald Trump's sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic...
From Reuters
Read more on News Digest
The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.
Stellantis will revive its Belvidere plant in Illinois in 2027 and produce there a mid-size Ram pickup – but it’s also canceling a battery plant project.
Stellantis, whose profit fell a whopping 70 percent in 2024, anticipates a rebound in late 2025, but in the meantime, things keep getting worse including in Canada. Efforts to adjust production, limit stocks and reduce prices are slow to yield actual results.
Fact-checking Donald Trump on whether automobile plants are ‘being built at levels we’ve never seen’
The Trump White House downplayed the value of Biden-era investments, pointing to a Financial Times analysis that found roughly 40% of the investments funded by the Inflation Reduction Act and another Biden-signed bill, the CHIPS and Science Act, were paused or delayed, totaling $84 billion.
Stellantis NV has offered hourly employees ... and reopening its Belvidere Assembly Plant in Illinois, after previously putting that plan on pause. But the Jeep and Ram maker’s momentum toward ...
The automaker confirmed on Friday that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois. "Stellantis continues to review its operations to improve ...