Headline: Stellantis Faces Congressional Pressure Over UAW Agreement

Approximately 80 members of the U.S. Congress, including Senate Majority Leader Chuck Schumer and Senator Dick Durbin, have urged Stellantis, the parent company of Jeep and Chrysler, to fulfill its investment commitments to the United Auto Workers (UAW) union. This request from lawmakers came in response to Stellantis' decision to delay the reopening of its assembly plant in Belvidere, Illinois.

Members of Congress expressed concerns that Stellantis' actions, including the delay at the Illinois facility, are not in line with the obligations outlined in their contract with the UAW. In a letter addressed to Stellantis CEO Carlos Tavares, the lawmakers asked the automaker to provide a clear timeline for the planned investments.

Stellantis, traded on the New York Stock Exchange under the symbol NYSE:STLA, had received criticism from dealers and shareholders due to declining sales. The company recently underwent a leadership restructuring to improve its performance in North America.

About a year ago, led by UAW President Shawn Fain, the UAW engaged in a six-week strike against Detroit's Big Three automakers. Now, in response to Stellantis' investment delays, the UAW is considering organizing a nationwide walkout.