Stellantis is moving closer to closing its factory in Belvidere, Illinois, as it prepares for the costly transition from internal combustion to electric vehicles.
FILE - The Ram 1500 Revolution electric battery powered pickup truck is displayed during the Stellantis keynote at the CES tech show Thursday, Jan. 5, 2023, in Las Vegas.
In a meeting with reporters Tuesday, Carlos Tavares, CEO of the company formed by combining Fiat Chrysler and France’s PSA Peugeot, said Stellantis is “looking for solutions” for Belvidere, which now has no new vehicle to build. The last Jeep Cherokee small SUV rolled off the plant’s assembly line on Tuesday.
He said the company is not seeking specific concessions from the Belvidere plant. “This is a global issue. This is not a Belvidere issue,” he said.
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