Stellantis (STLA) announced a $388M investment to develop a state-of-the-art Metro Detroit Megahub in Van Buren Township, Michigan, further advancing the efficiency and sustainability of its Mopar service parts distribution network. The new facility, set to launch in 2027, will feature cutting-edge technology, including AutoStore automated storage and retrieval systems, ensuring a modern and safe working environment for employees. The AutoStore system uses compact robots that navigate tracks above a high-density grid of storage bins to retrieve parts and deliver them to workstations, where employees pack and process final shipments. The workforce for the Metro Detroit Megahub will consist of employees from the Center Line, Warren, Warren Sherwood and Milwaukee PDC locations, facilitating the transition for approximately 488 UAW-represented employees. Accordingly, the workforce from the Marysville location will transition to the Warren and Warren Sherwood PDC locations where they will operate until the full integration into the Megahub and the Warren Sherwood facility is final.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Ford Stock (NYSE:F) Slips, Losing Ground with Suppliers
- GM Slams California’s 2035 Gas-Car Ban as ‘Out of Touch,’ Escalating EV Policy Clash
- LA28 Olympics Choose Archer Aviation – Stock Ready to Take Off After High-Profile Deal
- Paramount Stock (NASDAQ:PARA) Gains: George Cheeks the Weakest Link?
- Trump says tax bill to include tax break for built-in-America car purchases
