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 and add 5,000 total U.S. jobs by 2028, the UAW said last week. The labor deals reached with the Detroit Three automakers, which include a 25% pay hike, better retirement benefits and other significant improvements through April 2028, remain subject to ratification votes.
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