The United Auto Workers (UAW) revealed details of its deal with Stellantis N.V., including $18.9 billion of investments in plants in the United States by April 2028. The automaker agreed to reopen the Belvidere Assembly Plant in Illinois, investing $3.2 billion in a new electric vehicle battery plant in the town. Two new battery plants are planned for Kokomo, Indiana, worth $6.2 billion.
In addition, the top rate for hourly workers will grow by 33%, and UAW members will receive a $5,000 ratification bonus and improved benefits. Salaried workers will see their wages increase by 11% upon the ratification of the deal, among other gains.
