UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
Publishing timestamp: 2023-11-02 20:57:13
Summary
The United Auto Workers union announced that Stellantis plans to invest $18.9 billion in the U.S. by April 2028, including $1.5 billion for a new midsize pickup truck production at an idled factory in Belvidere, Illinois. The investment is part of a 4-year tentative agreement that still needs to be ratified by UAW members. The agreement was reached after targeted labor strikes by the union against Stellantis, General Motors, and Ford Motor. The deal includes significant pay increases, bonuses, and other enhanced benefits for autoworkers.
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Keywords: business news, autos, transportation, labor economy, general motors co, personnel, detroit, ford motor co, breaking news: business, stellantis nv, business,
Source: https://www.cnbc.com/2023/11/02/uaw-stellantis-deal-details-investments.html