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Volkswagen to invest $186 billion through 2030, CEO says
Reuters· 2025-12-06 10:27
Core Insights - Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, indicating a strategic response to the challenges faced by Europe's leading automakers [1] Investment Strategy - The investment is aimed at addressing the major crisis in the automotive sector, particularly in two key markets [1]
Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.
CNBC· 2025-11-03 16:00
Core Insights - Stellantis is investing $13 billion to revitalize its presence in the U.S. market after experiencing a $2.7 billion net loss in the first half of 2025 [1][4] - The company faced challenges due to high prices and outdated products, which negatively impacted its market performance despite initial success post-merger [2][3] - Stellantis has seen a decline in U.S. market share, losing approximately 5% over five years, prompting the need for a strategic investment to regain competitiveness [4] Financial Performance - Stellantis reported growing profits from $15.4 billion in 2021 to $20 billion in 2023, driven by pandemic-era price increases and inventory shortages [3] - The company anticipates trade barriers will cost it $1.7 billion in 2025, influencing its decision to invest in U.S. manufacturing [5] Strategic Initiatives - A portion of the $13 billion investment is allocated to upgrading U.S. factories for both new and existing models, aiming to reduce reliance on imported vehicles and associated tariffs [5] - The investment plan is part of a broader strategy to recapture market share and improve product offerings in response to shifting consumer preferences [4]
Stellantis to Invest $13 Billion to Grow in the United States
Globenewswire· 2025-10-14 21:01
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]