Stellantis makes $13 billion investment in U.S. auto manufacturing

Core Insights - Stellantis is committing $13 billion over the next four years to enhance American production and create over 5,000 jobs, marking its largest U.S. investment in a century [1][2] - The automaker plans to increase domestic output by 50%, introducing five new vehicles and 19 product updates across various states by 2029 [1][2] Investment Plans - The investment includes reopening the Illinois plant for new Jeep models, adding a midsize truck in Ohio, SUVs in Michigan, and a new engine in Indiana by 2026 [2] - CEO Antonio Filosa describes this initiative as a "once-in-a-century investment" aimed at maintaining competitiveness and providing U.S. consumers with more options in gas, hybrid, and electric vehicles [2] Market Context - This strategic move comes at a crucial time as Stellantis has experienced years of market share losses in the U.S. [2] - The rollout of new products is set to begin next year, pending final state approvals [2]