Nov 7 (Reuters) – President Joe Biden on Thursday will meet with United Auto Workers President Shawn Fain and tout the decision of Chrysler-parent Stellantis to reopen a shuttered assembly plant in Belvidere, Illinois, a White House official said.
Stellantis agreed to build a new $3.2 billion battery plant and invest $1.5 billion in a new mid-size truck factory in Illinois under its tentative labor agreement, the UAW said last week. The labor deals reached with the Detroit Three automakers includes a 25% pay hike, better retirement benefits and other significant improvements through April 2028.
© 2023 Thomson/Reuters. All rights reserved.
Read the full article here