Donald Trump has been president for 3 days and one of many massive automakers, Stellantis, is already asserting the reopening of a plant in Illinois which can make new Durango vehicles in Detroit.
This isn’t a coincidence. That is what occurs when the US has a frontrunner who cares about American jobs and constructing merchandise in America.
That is additionally a reminder of why so many American union members backed Trump within the 2024 election, regardless that union leaders backed Kamala Harris.
Do you assume this plant could be reopening if Harris had gained?
Yahoo Finance experiences:
Stellantis responds to Trump’s tariff risk, will restart Illinois plant and construct new Durango in Detroit
Huge Three automaker Stellantis (STLA) is making a lot of US strikes in response to the brand new Trump administration and its give attention to constructing merchandise in America.
In a letter to staff, Stellantis North America COO Antonio Filosa acknowledged that group chairman John Elkann met with Trump forward of his inauguration and famous Trump’s “enthusiasm” for his sturdy dedication to the US and rising jobs and the US economic system.
Stellantis — which owns Ram, Jeep, Dodge, and different manufacturers — confirmed a lot of particular actions it’s going to take to “entail a multibillion-dollar funding in our individuals, nice merchandise, and revolutionary know-how, all right here within the US,” Filosa stated.
To that finish, Stellantis stated it might construct a brand new midsize pickup truck on the not too long ago shuttered Belvidere, In poor health., meeting plant. Stellantis beforehand ended manufacturing at Belvidere for the Jeep Cherokee SUV, angering UAW representatives and staff. Now Stellantis stated it’s going to return roughly 1,500 UAW members to work, a reversal of the transfer by former CEO Carlos Tavares, who resigned in early December.
Trump is already delivering.
Below President Trump’s management, @Stellantis is bringing 1,500 jobs again to Illinois, reopening Belvidere, and investing in Detroit, Ohio, and Indiana.
America’s manufacturing revival is right here—WELCOME TO THE GOLDEN AGE! pic.twitter.com/UzpLcZEI4b
— The White Home (@WhiteHouse) January 22, 2025
There may be far more to come back over the following few years.
(Picture:Source)
