Stellantis is closing its assembly plant in Belvidere, Illinois, in February 2023. The Illinois plant employs about 1,350 workers, who are expected to be laid off. Stellantis cited the rising costs of electric vehicle production for the closure. The company said the replacement of the Jeep Cherokee SUV, along with other vehicles on a new electrified platform, will be produced in Toluca, Mexico. Stellantis has said it will invest over $31.6 billion through 2025 on electrifying its vehicle lineup. It also has said it expects EVs to make up 100 percent of its sales in Europe and 50 percent in...