Italian car-parts manufacturer CLN-Coils Lamiere Nastri SpA asked bank creditors to write down about 90% of their unsecured loans as it seeks to drastically reduce its debt amid the crisis in the automotive sector.

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

Stellantis is doubling down on its U.S. operations following a meeting between its chairman and Trump. Read more.

Stellantis NV is recommitting to US factory investments agreed to more than a year ago as the maker of Jeep sport utility vehicles seeks the good graces of President Donald Trump.

The move is related to the company’s decision to delay the REV’s 2025 debut and come to market first with the 1500 Ramcharger.

Announcement comes after John Elkann, chair of the Chrysler and Fiat owner, met Donald Trump ahead of his inauguration

STLA Large will provide the backbone for future Dodge, Jeep, Alfa Romeo, Chrysler, Maserati models. Other Stellantis models are expected to use the platform as well. So far, the new incoming all-electric Jeep Wagoneer S and Jeep Recon EVs utilize STLA Large, along with the inbound Dodge Charger EV.

Stellantis Chairman John Elkann has spent four days in Washington meeting with incoming U.S. President Donald Trump and several top administration officials, two people familiar with the matter told Reuters on Tuesday.

Stellantis' Belvidere site has been mothballed since February 2023 after the carmaker temporarily discontinued production of the Jeep Cherokee crossover.

A midsize Ram pickup truck, possibly a domestic version of the unibody Ram Rampage, will be built at Stellantis' currently dormant Belvidere, Illinois plant.

Governor JB Pritzker commended Stellantis, the United Autoworkers (UAW), and other partners who helped secure an investment for the Stellantis