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Stellantis confirms Belvidere investment plans are delayed
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Stellantis confirms Belvidere investment plans are delayed
Aug 20, 2024 5:53 AM

Aug 20 (Reuters) - Stellantis ( STLA ) on Tuesday

confirmed it had notified the United Auto Workers (UAW) union

that its plans for investments at Belvidere, Illinois, will be

delayed but the automaker is not scrapping the planned outlay.

On Monday, the UAW said some of its local units representing

workers at Stellantis ( STLA ) are preparing to file grievances and could

launch a nationwide strike, accusing the automaker of not

honoring production commitments.

"(Stellantis ( STLA )) has not violated the commitments made in the

investment letter included in the 2023 UAW collective bargaining

agreement and strongly objects to the union's accusations," the

company said in a statement on Tuesday.

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