Stellantis' chairman detailed several plans for U.S. investments when meeting with President Donald Trump before his Monday inauguration.
This executive says spending in a specific sector will drive the renaissance of Chrysler, Dodge, Jeep, and Ram trucks.
The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.
Filosa also moved Jeff Kommor back to his previous role as U.S. head of sales after a disastrous year that saw Stellantis lose nearly 2 points of market share while inventory piled up at dealerships. Tavares had reassigned Kommor to a commercial sales role in February 2024.
John Elkann, chairman of Jeep-maker Stellantis, wasted no time reassuring President Trump of the global automaker’s commitment to U.S. manufacturing. The scion of Italy’s famous Agnelli family met with Trump last week to emphasize the company’s support for American workers.
The UAW believed the company was going back on its plant investment commitments. Now, as Trump takes office, the automaker has renewed its U.S. plans.
Stellantis Chairman John Elkann revealed a series of significant U.S.investment plans during a meeting with President Donald Trump.Key elements of Stellantis' reworked investment strategy include producing a midsize pickup truck at the previously idled Belvidere Assembly Plant in Illinois plant 2027,
Stellantis is making big changes to turn its U.S. business around after a tough 2024 and the departure of CEO Carlos Tavares.
The global car maker Stellantis has announced that it would be heavily focusing on investing in its US operations in the coming future, in order to increase its sales volume and market share.
In a memo obtained by Crain’s, the automaker said it will build a new midsize truck at the long-idled plant, but it did not provide a timeline.
Big Three automaker Stellantis is making a number of moves in the US, in response to the new Trump administration and its focus on building products in America.
According to an email, Stellantis Chair John Elkann met with President Donald Trump and discussed the company's plan to reopen the Belvidere plant.