Stellantis Unveils $13 Billion U.S. Investment Plan
Stellantis, the international automotive powerhouse responsible for iconic brands such as Chrysler, Jeep, and Ram, is embarking on a significant revitalization strategy under its new CEO. The company announced a bold investment of $13 billion aimed at enhancing its U.S. manufacturing capabilities over the next four years.
Strategic Focus on New Vehicle Development
As part of this investment, Stellantis plans to develop and produce five new vehicles by 2029. This initiative will bolster the factory operations in key states, including Illinois, Ohio, Michigan, and Indiana. Significant milestones within this plan include the revival of the Belvidere Assembly Plant in Illinois, which will enhance production for the popular Jeep Cherokee and Jeep Compass models. Ultimately, this plan is expected to generate more than 5,000 new jobs across the region.
Not Focused on Electrification
Unlike previous multi-billion-dollar pledges from Stellantis that prioritized electrification, this plan represents a shift in focus. Only one among the five new vehicle models will be a range-extended electric vehicle. This model will combine a battery with a gas generator to allow for increased driving range and is scheduled for production at the Warren Truck Assembly Plant in Michigan beginning in 2028. In addition to this electric innovation, Stellantis intends to fabricate a large gasoline-powered SUV at the same location.
New Vehicle Lineup and Engine Production
The remaining products in this ambitious rollout encompass a next-generation Dodge Durango, slated for production at the Detroit Assembly Complex in 2029, and a new midsize truck that will be assembled at the Toledo Assembly Complex in Ohio. Furthermore, Stellantis will introduce an innovative four-cylinder engine known as the GMET4 EVO, which will be produced starting in 2026 at the Kokomo factory in Indiana.
Image credits: Stellantis
CEO’s Vision for U.S. Growth
Antonio Filosa, the Stellantis CEO and COO for North America, emphasized that this investment aims to drive the company’s growth while reinforcing its manufacturing presence across the U.S. 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.”
A Shift in Electrification Strategy
In recent months, Stellantis has reconsidered its electrification plans for the U.S. market. For instance, the company announced that it would not include an electrified version of the Gladiator in its Jeep lineup, as it reassessed its product strategy. As part of this recalibration, Stellantis also canceled the production of a battery-electric full-size pickup truck. However, it has indicated intentions to proceed with the production of the extended-range Ram 1500 REV, previously known as the Ramcharger.
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