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…
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