This executive says spending in a specific sector will drive the renaissance of Chrysler, Dodge, Jeep, and Ram trucks.

Carmaker Stellantis, brands of which include Fiat, Peugeot and Vauxhall, said it had agreed to buy full control of its joint venture with Belgium's Punch Powertrain, strengthening its position in hybrid vehicle technology.

Stellantis NV and its supplier Yanfeng have settled a legal fight that started more than a year ago when a cyberattack disrupted Ram and Jeep production in Detroit and Mexico.

Stellantis executives laid out their plan to turn around a dismal sales trend in 2025. Dealers gathered in New Orleans said they bought in.

Stellantis' Belvidere Assembly Plant, was indefinitely idled at the end of February 2023. More than 1,000 people were put out of work.

The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.

The UAW announced it would suspend its grievances against the company after Stellantis announced it would reopen the Belvidere plant in Illinois and call back 1,500 workers, and make major investments in others, including its Detroit Assembly Plant.

Stellantis is making big changes to turn its U.S. business around after a tough 2024 and the departure of CEO Carlos Tavares.

The UAW believed the company was going back on its plant investment commitments. Now, as Trump takes office, the automaker has renewed its U.S. plans.

In a dramatic turnabout that defuses months of wrangling with the UAW, Stellantis says it will restart its idled Belvidere Assembly Plant in Illinois and build the next-generation Dodge Durango in Detroit.

Saving the Belvidere factory from permanent closure was a key part of a new contract with the United Auto Workers in 2023. Stellantis originally agreed to make an electric truck at Belvidere, create a new EV battery facility and expand its parts-distribution facility into a regional megahub.

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