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Stellantis to Invest $13 Billion in Rust Belt, Bringing Overseas Production Back
President Donald Trump's 25 percent tariffs on foreign-made cars have scored the nation's Rust Belt a major manufacturing victory.
www.breitbart.com
President Donald Trump’s 25 percent tariffs on foreign-made cars have scored the nation’s Rust Belt a major manufacturing victory as Stellantis announces a $13 billion investment and plans to reshore production from overseas.
On Wednesday, Stellantis executives said the automaker would be investing billions into the United States market, including more than $600 million to reopen the Belvidere Assembly Plant in Belvidere, Illinois, after having closed it under the Biden administration.
“This investment in the U.S. – the single largest in the Company’s history – will drive our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,” Stellantis CEO Antonio Filosa, Stellantis CEO, said in a statement.
“As we begin our next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offerings, and giving them the freedom to choose the products they want and love,” Filosa said.
