Stellantis to invest $13 billion in U.S. operations, plans to add 5,000 jobs

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]