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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]