Core Insights - Stellantis has delayed the unveiling of its new strategic plan to provide CEO Antonio Filosa more time to address significant challenges facing the company [1][2] - The revised timeline for the strategic plan is now set for the first half of 2026, instead of the previously indicated first quarter [2] - The company is grappling with a $1.7 billion issue related to tariffs, particularly affecting its operations in the U.S. market [3][4] Business Challenges - Stellantis faces substantial hurdles including U.S. tariffs and regulatory issues in Europe, which are expected to complicate managerial decisions [2] - The company reported a 6% decline in global shipments in the second quarter, totaling 1.4 million vehicles, with North American shipments projected to drop by 25% or 109,000 units due to reduced manufacturing and imports [5] - The company imports 40% of the vehicles it sells in the U.S. from Mexico and Canada, which are subject to a 25% auto tariff [3][4] Strategic Focus - CEO Antonio Filosa is shifting the company's focus from a Europe-first strategy to a U.S.-based approach, which includes significant investments in North America to regain customer trust [6][9] - The CEO's office is being relocated to Detroit, Michigan, and a $388 million "megahub" is planned for construction in Van Buren Township, near Detroit [9]

Core Insights - Stellantis plans to invest $13 billion in the United States, creating 5,000 new jobs and expanding vehicle production across several plants [1][1][1] Investment Details - The investment includes the production of a next-generation Dodge Durango in Detroit and new engines in Kokomo, Indiana [1][1] - The Belvidere, Illinois plant will reopen to produce two new Jeep models, the Cherokee and the Compass, after previous plans to shut it down were halted due to UAW negotiations [1][1] - A midsize truck production will shift to Toledo, Ohio, while a range-extended electric vehicle will be produced in Warren, Michigan [1][1] Market Position and Strategy - Stellantis has seen a decline in U.S. sales, dropping from approximately 2.2 million vehicles sold in 2018 to about 1.3 million last year, now ranking sixth in U.S. sales [1][1] - The new CEO, Antonio Felosa, aims to revitalize the Jeep and Ram brands, which are crucial to the company's identity and have struggled in recent years [1][1] Production Capacity and Demand - A significant portion of the investment will enhance existing manufacturing capacity rather than solely creating new facilities [1][1] - The company believes there is sufficient demand for Jeep and Ram vehicles, which are considered marquee brands in the U.S. market [1][1] Regulatory Context - Stellantis acknowledges the importance of U.S. manufacturing in response to previous administration policies encouraging domestic production [1][1]

Core Insights - Stellantis plans to invest $13 billion over the next four years to enhance its manufacturing capabilities in the U.S., marking the largest investment in the company's history [2] - The investment will support the production of five new vehicles, indicating a strategic expansion in product offerings [2] Investment Details - The $13 billion investment is aimed at expanding manufacturing capabilities, which is crucial for meeting future demand and enhancing competitiveness in the automotive market [2] - This investment reflects a significant commitment to the U.S. market, highlighting the importance of local production in the company's overall strategy [2]

Core Points - The automaker plans to increase American production by 50% [1] - This expansion will create 5,000 new jobs at plants located across the Midwest [1]

Chrysler parent Stellantis said on Tuesday that it would invest $13 billion in the United States to help expand production in the country. ...

Core Viewpoint - Stellantis plans to invest $13 billion in U.S. manufacturing operations over the next four years as part of a domestic turnaround strategy under CEO Antonio Filosa [1]. Group 1: Investment Details - The investment will create more than 5,000 jobs within the company's workforce [2]. - New products will be introduced at manufacturing plants located in Michigan, Illinois, Indiana, and Ohio [2].

Core Points - Stellantis plans to invest $13 billion over the next four years to expand its operations in the United States, marking the largest single investment in the company's 100-year history [2][5][6] - The investment will increase annual finished vehicle production by 50% and create over 5,000 new jobs across various states [3][12] - The investment includes the launch of five new vehicles and 19 product actions planned through 2029 [4][12] Investment Details - Illinois: Over $600 million will be invested to reopen the Belvidere Assembly Plant for Jeep® Cherokee and Jeep Compass production, creating approximately 3,300 jobs [6] - Ohio: Nearly $400 million will be allocated for the assembly of a new midsize truck at the Toledo Assembly Complex, expected to create more than 900 jobs [7] - Michigan: Approximately $100 million will be invested to develop a new range-extended EV and internal combustion engine large SUV at the Warren Truck Assembly Plant, adding over 900 jobs [9][10] - Indiana: More than $100 million will be invested in Kokomo facilities to produce the new GMET4 EVO engine, creating over 100 jobs [11] Strategic Goals - The investment aims to strengthen Stellantis' manufacturing footprint and enhance its product offerings in the U.S. market [5][12] - The company emphasizes customer-centric strategies and aims to accelerate growth in the U.S. as a priority for its future [5]

Sales of electric vehicles in the United States hit an all-time high in the third quarter. Normally a welcome piece of news for EV makers, the record was prompted by the end of tax incentives for EV buyers, which expired at the end of September. From now on, it’s likely to be bad news for car companies with EV plans. Kelley Blue Book reported sales of electric cars in the quarter to September shot up by 40.7% on the previous quarter and by 29.6% on the year. This trend pushed the average car price for the ...

Alfa Romeo reveals the new 2026Â Tonale, strengthening the premium compact SUV's position as a leader in its segment. Blending iconic Italian design, class-leading driving dynamics and cutting-edge technology, the 2026 Tonale debuts a bold new special edition, three new exterior colors and a series of refined interior appointments that underscore Alfa Romeo's unwavering commitment to performance and style. Striking Italian Design With a commanding new front fascia, featuring a concave scudetto grille inspir ...

Core Insights - Jeep is undergoing a significant overhaul of its Grand Wagoneer lineup for the 2026 model year as part of a long-term turnaround strategy aimed at revitalizing the brand [2][5] - The new Grand Wagoneer will start at under $65,000, which is competitive with current market pricing and includes additional features [3][5] - The revamped model will introduce a new extended-range powertrain, making it the first SUV to feature range-extended electric vehicle (EREV) technology [4][6] Group 1: Product Changes - The Grand Wagoneer will simplify its model lineup by eliminating the standalone "Wagoneer" nameplate and focusing on a unified branding strategy [2][5] - The initial pricing for the previous models exceeded $111,000, which was considered high for the brand [1] - The new model will feature updated exterior styling and a more straightforward ordering process to reduce consumer confusion [2][3] Group 2: Market Positioning - Jeep aims to regain market share and strengthen its brand presence in North America, which is crucial for Stellantis [4][5] - The turnaround plan includes reworking pricing strategies that had previously inflated above market norms, addressing dealer relationships, and introducing new products [5] - The Grand Wagoneer is positioned to compete effectively against rivals by aligning its pricing and features with market expectations [3][5]