GMET4 EVO engine
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Wall Street Breakfast Podcast: Stellantis Bets On U.S. Production
Seeking Alpha· 2025-10-15 10:53
Company Investment - Stellantis (NYSE: STLA) announced a historic $13 billion investment over the next four years to enhance its manufacturing capabilities in the U.S. [3] - This investment will support the production of five new vehicles and aims to increase overall production by 50% compared to current levels, along with introducing 19 refreshed products and updated powertrains by 2029 [3][4]. Specific Allocations - The investment includes $600 million to reopen the Belvidere Assembly Plant for Jeep production, $400 million to upgrade the Toledo Assembly Complex for Wrangler and Gladiator models, and additional funding for the Warren Truck plant to develop a new range-extended EV and ICE SUV [5]. - There will also be investments in Kokomo, Indiana, to produce the GMET4 EVO engine, which will help mitigate approximately $1.74 billion in tariff costs on affected vehicles and components [5]. Market Reaction - Following the announcement, Stellantis shares saw a premarket increase of 0.4% after previously closing over 2.5% lower, with a peak increase of 5% noted in premarket trading [6].
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]