The expansion will support the production of Rivian’s midsized SUV, the R2.
May 22, 2024
NORMAL, IL—Electric vehicle manufacturer Rivian plans to increase the capacity of its assembly plant here to produce its midsized SUV, the R2. The company has secured an $827 million incentive package from the Illinois Department of Commerce & Economic Opportunity to support the expansion.
DEERFIELD, IL—Caterpillar Inc. recently announced it will move its global headquarters to the company’s existing office in Irving, TX, from its current location here.
JOLIET, IL—Lion Electric, a Canadian manufacturer of electric trucks and buses, is investing $70 million to build a new assembly plant here that will be able to produce 20,000 vehicles annually.
BELVIDERE, IL — The FCA Belvidere assembly plant, home of the Jeep Cherokee, is the latest plant to be designated silver in the company's World Class Manufacturing (WCM) program.
CHICAGO—Ford Motor Co. will invest $1 billion in its manufacturing operations here to expand production of its Ford Explorer and Lincoln Aviator sport utility vehicles.
BELVIDERE, IL—Yanfeng Automotive is building a new assembly plant here to make cockpit components for the Jeep Cherokee. The factory is expected to create 400 new jobs.
BELVIDERE, IL—The tornado that touched down at an industrial park in Windsor, ON, last week has temporarily halted vehicle production at FCA’s assembly plant here. The plant receives parts from a Windsor supplier, which was severely damaged by the tornado.
TOLEDO, OH—FCA US will invest more than $1 billion in its assembly plants in Illinois and Ohio to retool them to increase production of the Jeep Cherokee and Wrangler.
TOKYO—Mitsubishi Motors Corp. will shut its only North American assembly plant, in Normal, IL, by November if it can’t find a buyer for the factory, and will soon start shipping tooling back to Japan.