EVs take a backseat in Stellantis' $13B U.S. investment plan

Stellantis, the international automaker that owns Chrysler, Jeep, and Ram, said it will invest $13 billion to beef up its U.S. manufacturing over the next four years as part of a broader revival plan directed by its new CEO.Five new vehicles will be developed and produced through 2029 as part of the investment into factories in Illinois, Ohio, Michigan, and Indiana. The investment will also support the production of a new four-cylinder engine and reopen the Belvidere Assembly Plant in Illinois, which will a ...