Stellantis to Invest $13 billion to Grow its U.S. Footprint

Stellantis has announced plans to invest $13 billion to expand its U.S. manufacturing footprint, the largest such investment in its 100-yr. history.  Its production capacity would increase by 50% as a result, and support the launch of five new vehicles and create 5000 new jobs over the next 4 yr.

The biggest expenditure reportedly will take place at the Belvidere, IL, assembly plant, which will receive $600 million to reopen by 2027, expanding production of Jeep Cherokee and Jeep Compass SUVs. Another $400 million is earmarked for Ohio’s Toledo assembly plant, where a new midsize truck will be built alongside the Jeep Wrangler and Gladiator. Stellantis said the move will create 900 new jobs by 2028.

Additionally, Michigan’s Warren truck assembly plant will receive $100 million for retooling in order to make a new hybrid electric vehicle, as well as a gas-powered SUV. The plant, which currently assembles the Jeep Wagoneer and Grand Wagoneer, will add 900 jobs, with production also timed for 2028.

Technologies: Management

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