Stellantis bets over $800 million on Belvidere and the next Jeep Cherokee

Reuters reports Unifor received notice from Stellantis that it is considering selling its Brampton, Ontario plant. Brampton closed for retooling in 2024, was to reopen in 2025 for Jeep Compass, but production shifted to Illinois after Trump tariffs. Unifor contract talks with Stellantis cover Brampton, Windsor and Etobicoke; current contract expires Sept. 20.

The Trump administration announced a $3 billion federal investment in U.S. critical-minerals projects tied to EV and battery supply chains, including a $1.4 billion conditional Pentagon loan to Sila Nanotechnologies for silicon anode materials. Lithium Americas received the first $435 million draw from a $2.23 billion DOE loan for Thacker Pass. Other funding includes graphite and magnet projects.

Detroit automakers say proposed changes to a revised U.S.-Mexico-Canada trade deal could raise costs by at least $2 billion annually per company, Reuters reported. The U.S. wants 50% U.S.-made content for lower tariffs and higher North American content. GM expects $2.5B to $3.5B gross tariff expenses this year; Ford estimates about $1B net. Ford will shift Lincoln production to U.S. from China.

Detroit automakers warned that proposed changes to the U.S.-Mexico-Canada trade deal could add billions in annual costs. A 50% U.S.-made content rule and higher North American content could raise expenses by at least $2B per automaker, on top of existing tariffs. GM expects $2.5B-$3.5B gross costs; Ford estimates about $1B net. Ford will shift Lincoln production from China to U.S. factories.

Reuters reports Detroit automakers plan to tell the Trump administration that proposed changes to a revised North American trade deal could add billions in annual costs. A U.S. proposal for at least 50% U.S.-made content and higher North American content could cost each automaker at least $2B/year, on top of existing tariffs. GM expects $2.5B-$3.5B tariff gross costs in 2025; Ford estimates about $1B net.

The Trump administration is shifting EV policy by scrapping consumer EV tax credits and stalling charging funding, while also launching support for EV supply chains. It unveiled $3 billion for critical mineral projects and Ex-Im Bank loans, including $25 million for Westwater Resources’ graphite processing plant. It also backed Sila Nanotechnologies with $1.4 billion and Niron Magnetics with $150 million.