Stellantis Announces $13 Billion Investment in U.S. Manufacturing
Stellantis, the global automotive company behind Chrysler, Jeep, and Ram, has revealed plans to invest $13 billion in bolstering its manufacturing operations in the United States over the next four years. This initiative is part of a larger strategy orchestrated by the company’s new CEO to revitalize its presence in the market.
The investment will involve the development and production of five new vehicles by 2029, with a focus on facilities in Illinois, Ohio, Michigan, and Indiana. Among the key highlights are the reopening of the Belvidere Assembly Plant in Illinois to expand production of popular Jeep models for the U.S. market, such as the Cherokee and Compass. This move is expected to create over 5,000 new jobs.
Unlike previous investment plans that emphasized electrification, this new strategy includes a range-extended electric vehicle (EV) to be produced at the Warren Truck Assembly Plant in Michigan starting in 2028. Additionally, a new gas-powered SUV is slated for production at the same location.
Other upcoming releases include a next-generation Dodge Durango to be manufactured at the Detroit Assembly Complex in 2029, a new midsize truck at the Toledo Assembly Complex in Ohio, and a cutting-edge four-cylinder engine known as the GMET4 EVO at the Kokomo, Indiana, factory beginning in 2026.
Antonio Filosa, CEO and North America COO of Stellantis, expressed confidence that this investment will propel the company’s growth, fortify its manufacturing capabilities, and generate more employment opportunities across the nation.
Highlighting the significance of the U.S. market, Filosa stated, “Accelerating growth in the U.S. has been a top priority since my first day. Success in America is not just good for Stellantis in the U.S. — it makes us stronger everywhere.”
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In recent months, Stellantis has adjusted its electrification strategy for the U.S. market. The company announced the removal of an electrified Gladiator from its Jeep lineup and scrapped plans for a battery-electric full-size pickup. However, it remains committed to producing an extended-range Ram 1500 REV, formerly known as the Ramcharger.