The investments are expected to be completed during the term of the 4½-year tentative agreement, which must still be ratified by the roughly 43,000 UAW members covered by the proposed contract at Stellantis.
The tentative labor agreement was reached Saturday after roughly six weeks of targeted strikes by the union against Stellantis, General Motors and Ford Motor.
The work stoppages began Sept. 15 after the sides failed to reach deals covering 146,000 UAW members with the automakers by a strike deadline.
"For the first time in a long time, we've done the unthinkable: Reopened a plant," Fain said during an online broadcast Thursday, referring to the Belvidere plant, which was idled in February 2022.
Heading into the talks, UAW Vice President Rich Boyer, who led the Stellantis talks, made product commitments a priority and stressed that the Belvidere plant was a make-or-break issue.
Persons:
Randy Harvard, Stellantis, Shawn Fain, we've, Fain, Rich Boyer
Organizations:
United Auto Workers, DETROIT –, Chrysler, UAW, Stellantis, General Motors, Ford Motor
Locations:
Sterling Heights, Mich, DETROIT, U.S, Belvidere , Illinois, Stellantis, Belvidere