Stellantis unveils massive $13 billion US investment spend to build more Jeep, Dodge, and Ram trucks

Core Points - Stellantis announced a historic investment of $13 billion to expand its manufacturing footprint in the US, marking the largest investment in the company's 100-year history [1][3] - The investment is expected to increase US production by 50%, create 5,000 new jobs, and involve five new vehicle launches over the next four years [1][3] Investment Details - The largest portion of the investment, $600 million, will be allocated to the Belvidere Assembly Plant in Illinois to reopen by 2027, focusing on the production of Jeep Cherokee and Jeep Compass SUVs [4] - An additional $400 million will be invested in Ohio's Toledo assembly plant for a new midsize truck alongside the Jeep Wrangler and Gladiator, creating 900 new jobs by 2028 [5] - Michigan's Warren Truck Assembly Plant will receive $100 million for retooling to produce a new hybrid range-extended EV and a gas-powered SUV, also adding 900 jobs by 2028 [5] Strategic Context - The investment follows the White House's tariff actions that made imports from regions like Mexico, Canada, and Europe more expensive, aligning with President Trump's push for increased US auto manufacturing [2] - Stellantis' stock rose over 5% in after-hours trading following the announcement, indicating positive market reception [2] - The investment strategy comes after the dismissal of former CEO Carlos Tavares and aims to address challenges faced by Stellantis' US operations, including high inventory and pricing issues [6] Comparison with Industry Peers - Stellantis' investment follows a similar commitment by General Motors, which announced a $4 billion investment to enhance its US manufacturing capabilities earlier this year [7]