Stellantis announces $13 billion U.S. investment plan

DETROIT — StellantisChrysler, the parent company of Jeep and other auto brands, plans to invest $13 billion in its U.S. manufacturing operations over the next four years as it executes a domestic turnaround plan under CEO Antonio Filosa.

The investments will add more than 5,000 jobs to its domestic workforce and include new products at factories in Michigan, Illinois, Indiana and Ohio by 2029, the Trans-Atlantic automaker said Tuesday.

The announcement comes amid President Donald Trump’s efforts to create more manufacturing jobs in the United States by using aggressive tariffs, especially for the auto industry.

Stellantis’ five new products include the launch of a midsize truck for a factory in Toledo, Ohio; two new Jeep vehicles for a shuttered facility in Belvidere, Illinois; and a next-generation version of the Dodge Durango SUV and “all-new range-extended EV and large internal combustion-powered SUV” at two factories in Michigan.

“Accelerating growth in the US has been my top priority since my first day. Success in America is not only good for Stellantis in the US, it also makes us stronger everywhere,” Filosa said in a statement. he said.

It was not immediately clear how many of the investments and jobs were new or how many had already been announced under the company’s 2023 contract with the United Auto Workers Union, which includes $18.9 billion in new investments through April 2028.

However, there are some differences. For example, a mid-size truck was previously planned for Stellantis’ Belvidere Assembly plant in Illinois, with an investment of $1.5 billion. That vehicle, or a different mid-size truck, is now expected to be added to the company’s factory in Toledo, an investment of $400 million.

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